Category: Highlights

Terminals, ports, logistics, liner operations disrupted

German containerline Hapag Lloyd has announced a decision to temporarily suspend cargo bookings into Myanmar due to the political turmoil announced global maritime, shipping and offshore news specialized website Splash247. “Operationally, the termi

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Facebook, Instagram ban military and related pages with immediate effect

In a February 24th update to its February 11th statement, Facebook through its Director of Policy, APAC Emerging Countries, Rafael Frankel, announced that it would be banning the “remaining Myanmar military (“Tatmadaw”) and military-control

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Luxury Japanese real-estate complex called out for funding military

Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, Japan has joined other G7 economies in condemning the coup and the Myanmar security forces’ use of violence against peaceful p

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Local gold reaches new heights, market volatility forces suspension

The domestic gold trading market is going through a volatile period amid banking sector mistrust. Economic uncertainty, the rising value of the dollar against the kyat and fears over the banking sector have pushed gold to reach a record high of MMK 1

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Turmoil puts Indian conglomerate Adani Group’s port project in question

The Adani Group, an Indian multinational conglomerate company headquartered in Ahmedabad, Gujarat State, is currently building a container terminal along Yangon river. But the political turmoil has put the company between a rock and a hard place, rep

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QUAD nations call for restoration of gvt, UK & Canada impose sanctions

Through the US State Department head Antony Blinken, QUAD nations (USA, Japan, Australia and India) have vowed on Thursday February 18 to an “urgent” return to democracy. The call gathered Blinken, Indian Foreign Minister Subrahmanyam Jai

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