Category: Highlights

HK firm scraps contract for Airbus A319 VIP refit

A couple of months ago, in early December 2020, Justice For Myanmar, a covert group of activists collecting evidence and exposing the vast business network of the military’s activities, had reported about how the military had signed in 2019 a U

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Trade at main land border with China disrupted

Trade in Muse, location of the main border trade with China (and of Myanmar), remained unaltered during the first days of the coup on February 1st before coming to almost a stand still later in the week. In an interview with Eleven Media, Min Naing S

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Could Myanmar’s 2nd biggest ever acquisition be jeopardized?

In what would be a major blow to the new military government, claiming that it will be business-friendly and encourage foreign investment, reports are saying the acquisition of Irrawaddy Green Towers by CVC Capital Partners could be jeopardized by th

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Country’s development threatened by military takeover: World Bank

Following the coup by the military, the World Bank said it was gravely concerned about the current situation in Myanmar, warning the events risked a major setback to the country’s transition and its development prospects. “We are concerned about

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What will happen to IMF’s USD 350 million aid transfer?

Just last week the International Monetary Fund had transferred over USD 350 million to the Myanmar government as part of a COVID-19 relief aid – no strings attached. Little did it know that just days later the Tatmadaw would seize power and wou

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YSX suspended, dives on reopening

Trading on the Yangon Stock Exchange was suspended Monday and Tuesday following the military coup. When it reopened on Wednesday, the benchmark index fell 26.47, or 6%, to 417.25 from its previous close on Jan. 29, the first time since April 2020 the

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