In THe NEws

Once Covid-19 has been sufficiently tamed with stiff arms and stout hearts, attention will turn once again to travel and, for so many, an all too familiar leitmotif has re-emerged – the continuing tragedy of Myanmar.

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Foreign investors face pressure to suspend business with the junta while expat workers have left due to post-coup instability, including cash shortages

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More than 600 people have been killed in Myanmar since the country's military announced it would be taking over for at least a year more than two months ago on February 1.

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As recently as last year, Myanmar was being touted as an attractive destination for international investors, even in the face of bad publicity over the government’s handling of the crisis in Rakhine State.

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The latest U.S. sanctions on Myanmar target an army-controlled gems business rife with corruption and abuses that is one of the junta’s key sources of revenue.

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EMERGING Towns & Cities Singapore (ETC) has appointed an independent reviewer to review the group's dealings in Myanmar. Nexia TS Advisory will conduct reviews on contractual payments to the Myanmar government ministries and departments, including the Ministry of Defense and Quarter Master General Office.

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The Australian Centre for International Justice (ACIJ) and Justice For Myanmar (JFM) has found that Adani Ports paid about US$52 million to Myanmar’s military junta to build a container port in Yangon.

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Myanmar's army controls huge swathes of the economy through two conglomerates. High-ranking officers operate family-run ventures, including military chief Min Aung Hlaing. DW looks into his children's financial ties.

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On the 1st of February 2021, Myanmar’s military grabbed power in a coup d’etat, and declared a state of emergency with all legislative, executive and judicial powers handed to Commander-in-Chief Senior General Min Aung Hlaing.

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China has joined Russia in opposing direct sanctions on Myanmar's military junta by the U.N. Security Council, and has restricted its public comments to wishes for peace and stability, while the country's foreign ministry has denied tacit encouragement for the coup.

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