Burma Financial News

28.12 / 02:25
markets Myanmar Updates A sham poll in Myanmar opens a new phase of military rule
Business News, Politics news,Breaking NewsEvents andLatest News Updates on Live Mint. Download TheMint News App to get Daily Market Updates.
16.05 / 05:05
markets Discover community Myanmar cover Updates In Arunachal Pradesh, homegrown tea keeps the kettle on the boil
Subscribe to enjoy similar stories.I first heard about Margherita 10 years ago and was immediately intrigued. A short and very scenic drive from Dibrugarh, this village in Assam remained on my bucket list since, and last week, the trip finally materialised.Its claim to fame is not just as the source of India’s tea story but also of oil, coal and plywood. The Digboi oil refinery is a stone’s throw from here, oil having been discovered accidentally while the railway line was being built in 1881.
24.04 / 11:31
markets Target Myanmar Justice Department Updates U.S. Steps Up Crackdown on Online Scams Directed From Southeast Asia
Subscribe to enjoy similar stories.The Trump administration announced criminal charges, sanctions and multimillion-dollar rewards aimed at combating online scams coming out of Southeast Asia and targeting Americans.The measures—some of which were directed at a Cambodian senator featured in a recent Wall Street Journal investigation into cyber-scam operations in the country—are the latest attempt by the U.S. to stem the fast-growing illicit industry.Americans alone lost $10 billion to online fraud originating from Southeast Asian nations in 2024, according to U.S.
11.02 / 11:05
markets Booking Manufacturing security Trade show country How Waaree protected its solar panel exports from US tariffs while Adani faltered
Subscribe to enjoy similar stories. Mumbai: Smart supply-chain manoeuvres and assembling in the United States helped India’s top solar panel exporter Waaree Energies maintain its lucrative trade with the country in the face of steep 50% tariffs on India, even as the exports of its main domestic rival Adani New Industries Limited faltered. Waaree sourced solar cells, the building blocks of solar panels, from suppliers in Southeast Asia to escape the crippling tariffs levied on India, the company’s management said during recent investor calls, as the US tariffs on solar panel imports are levied based on the country of origin of the solar cells rather than the country where the panels are assembled.
04.01 / 11:27
Food Research Myanmar Experts country cover reports Union Budget: Govt may carve out a dedicated R&D corpus to boost pulses, cotton output
pulses was 926 kg per hectare as against a global average of 1,015 kg in FY25, the country’s cotton yield was 440 kg per hectare compared with a global average of around 820 kg during the period. India produced 25.6 million tonnes of pulses and 29.7 million bales of cotton in FY25, way below the country's domestic demand.As per the agriculture ministry's annual report for FY25, pulses were cultivated over 27.52 million acres, while cotton covered 13 million hectares across the country.“These new seed varieties will strengthen our pest and disease management systems, and expand field trials to speed up adoption at the farm level.
06.04 / 13:49
WhatsApp Myanmar innovations cricket Lankans' aggressive play in 1996 foreshadowed T20 cricket: PM Modi
Sri Lanka's 1996 World Cup-winning squad included Sanath Jayasuriya, Chaminda Vaas, Aravinda de Silva, Marvan Atapattu, Ravindra Pushpakumara, Upul Chandana, Kumar Dharmasena, and Romesh Kaluwitharana. «PM Modi acknowledged that the aggressive and innovative style of Sri Lankan cricket in the 1996 World Cup in a way giving birth to T20 cricket,» an official said. During his sojourn to the island nation, Modi recalled India's visit to Sri Lanka in 1996 despite a bomb blast, calling it a strong symbol of sportsmanship and enduring friendship. He said he visited Lanka immediately after the 2019 terror attacks. The spirit of India remains the same, he added.
06.04 / 06:07
Citi Death wellness film Myanmar country Videos Rain complicates recovery in quake-hit Myanmar as death toll rises
death toll from a devastating earthquake has risen to nearly 3,500 people. The 7.7-magnitude quake struck on March 28, razing buildings, cutting off power and destroying bridges and roads across the country. Damage has been particularly severe in the city of Sagaing near the epicentre, as well as in Mandalay, Myanmar's second city and home to more than 1.7 million people. State media in the military junta-led country now say that the earthquake has caused 3,471 confirmed deaths and injured 4,671 people, while 214 remain missing. With people either having lost their homes entirely or reluctant to spend time in cracked and unstable structures, many Mandalay residents have been sleeping outside in tents.
06.04 / 06:07
Myanmar Freedom country reports Courts rights Foreign journalists at US-backed media fear being sent to repressive homelands after Trump's cuts
Donald Trump recently signed an executive order gutting the government-run US Agency for Global Media. The agency funds Radio Free Asia and other outlets tasked with delivering uncensored information to parts of the world under authoritarian rule and often without a free press of their own. «It fell out of sky,» Vuthy, a single father of two small children, said through a translator about the Trump administration's decision, which he says threatens to upend his life. «I am very regretful that our listeners cannot receive the accurate news,» Hour said, also through a translator.
06.04 / 05:59
markets Action Strategy Trade President War country India stays measured amid Trump’s tariff war, pushes for US trade deal
Subscribe to enjoy similar stories. New Delhi: India will refrain from taking retaliatory action against the US’ reciprocal tariffs or making sharp public responses against Washington, keeping trade diplomacy at the centre of its strategy, a senior government official said. As a global tariff war unfolds in response to US President Donald Trump’s additional tariffs on more than 60 nations, India is taking a calm and measured approach, positioning itself as a balanced negotiator, the official said.
05.04 / 17:29
Provident Food wellness Myanmar Experts country medicines India, China rich countries, everyone should pitch in during crisis like Myanmar quake: US Secretary of State
US Secretary of State Marco Rubio said while America is willing to continue to help those affected by the Myanmar earthquake, other countries should also pitch in to provide humanitarian assistance during such crises worldwide. «Well, we're not the government of the world. No, we will provide humanitarian assistance just like everybody else does and do it the best we can. But we also have other needs we have to balance that against. We're not walking away from humanitarian assistance,» Rubio told the media at NATO Headquarters in Brussels on Friday. Rubio was responding to a question about the earthquake and how the US offered help during such incidents by saving lives on the ground through special equipment and experts. Rubio was asked if that was not happening because of the dismantling of the United States Agency for International Development (USAID). «There's a lot of other rich countries in the world. They should all be pitching in. We're going to do our part. We already have people there, we'll have more people there. We'll help as much as we can. It's not the easiest place to work. They have a military junta that doesn't like us and doesn't necessarily allow us to operate in that country the way we want to. That would have impeded our response no matter what,» he said.
05.04 / 04:35
MET Election Death community Myanmar War Myanmar earthquake death toll at 3,354, junta leader returns from summit
death toll from Myanmar's devastating earthquake climbed to 3,354, with 4,850 injured and 220 missing, state media said on Saturday, as the visiting U.N. aid chief praised humanitarian and community groups for leading the aid response. The leader of the military government, Senior General Min Aung Hlaing, was back in the capital Naypyitaw after a rare foreign trip to attend a summit in Bangkok of South and Southeast Asian nations, where he also met separately with the leaders of Thailand, Nepal, Bhutan, Sri Lanka and India. Min Aung Hlaing reaffirmed to Indian Prime Minister Narendra Modi the junta's plans to hold «free and fair» elections in December, Myanmar state media said. Modi called for a post-quake ceasefire in Myanmar's civil war to be made permanent, and said the elections needed to be «inclusive and credible», an Indian foreign affairs spokesperson said on Friday. Critics have derided the planned election as a sham to keep the generals in power through proxies.
05.04 / 03:43
Cooper security Myanmar Trade country PM Modi’s Act East Policy places India as an active stakeholder in regional affairs
Act East Policy is the reflection of PM Narendra Modi’s foreign policy marked by dynamism and action. With the changing dynamics of the world, PM Modi in 2014, introduced a new vigour in India’s foreign policy. He transformed the Look East Policywith a more dynamic Act East Policy (AEP). Introduced in 1992, the Look East policy focused largely on economic ties with the Southeast Asia region. This shift was not just symbolic but marked a significant strategic approach that emphasized deeper diplomatic engagement, stronger trade partnerships, enhanced security cooperation, and cultural exchanges with Southeast Asia and the broader Indo-Pacific region. The Act East Policy placed India as an active stakeholder in regional affairs. Over the past 10 years, the Act East Policy has positioned India as an active and influential player in Southeast Asia. The Indian PM’s frequent engagements, high-profile summits, and strategic partnerships have strengthened India's presence in the Indo-Pacific, making India not just a participant but a leader in regional affairs. Modi has himself visited SE Asia multiple times. This include trips to Singapore (2015, 2018, 2024), which have strengthened economic and fintech collaboration, and visits to Indonesia (2018, 2022, 2023), where India expanded its maritime security cooperation.
04.04 / 11:15
wellness country Relationships International CPI(M) gets CPC message on what India-China ties can achieve
Communist Party of China (CPC) has said in a message to the CPI(M), extending wishes for the party congress underway in Madurai. According to a document shared by the Communist Party of India (Marxist), 34 Left parties from across the world have sent it messages wishing success to its 24th party congress. Besides the CPC, they include Workers' Party of Korea, Communist Party of Vietnam, Communist Party of Cuba, Communist Party of Australia, Workers' Party of Belgium, Palestinian People's Party, besides communist parties from the US, France and Germany among others. Communist Party of Bangladesh, Workers Party of Bangladesh, Communist Party of Nepal (United Socialist), Awami Workers' Party, Pakistan, Communist Party of Pakistan and Communist Party of Burma also sent messages wishing success to the CPI(M) congress. The CPC in its message said in the present international landscape, an improving China-India relationship serves the common interest of both countries and the region. «The international landscape and world order are now in a new round of transformation. An improving China-India relationship serves the common interests of both countries and the region,» CPC said.
03.04 / 01:43
Citi Fighting Death Myanmar country reports International Myanmar's military declares a ceasefire to ease quake relief as deaths pass 3,000
Myanmar's ruling military declared a temporary ceasefire in the country's civil war Wednesday to facilitate relief efforts following a 7.7 magnitude earthquake that has killed more than 3,000 people. The surprise announcement by military leaders who also head the unelected government came late Wednesday on state television MRTV, which said the halt in fighting would run until April 22 to show compassion for people affected by Friday's quake. The announcement followed unilateral temporary ceasefires announced by armed resistance groups opposed to military rule, and the military warned that those groups must refrain from attacking the state and regrouping, or else face «necessary» measures. The resistance forces have also reserved the right to fight in self-defense. Earlier Wednesday, rescuers pulled two men alive from the ruins of a hotel in Myanmar's capital, a third from a guesthouse in another city, and another in the country's second city, Mandalay, five days after the quake. But most teams were finding only bodies.
02.04 / 15:55
Citi Provident Death Myanmar country reports International Myanmar's military declares ceasefire to ease quake relief as death toll tops 3,000
MRTV, which said the truce would run until April 22 and was aimed at showing compassion for people affected by Friday's quake. The announcement followed unilateral temporary ceasefires announced by armed resistance groups opposed to military rule. Those groups must refrain from attacking the state, or regrouping, or else the military will take «necessary» measures, the army's statement said. Earlier Wednesday, rescuers pulled two men alive from the ruins of a hotel in Myanmar's capital and a third from a guesthouse in another city, five days after the quake. But most teams were finding only bodies. The quake hit midday Friday, toppling thousands of buildings, collapsing bridges and buckling roads. The death toll rose to 3,003 on Wednesday, with more than 4,500 people injured, MRTV reported. Local reports suggest much higher figures. The earthquake came amid civil war in Myanmar, making a dire humanitarian crisis even worse. More than 3 million people had been displaced from their homes and nearly 20 million were in need even before it hit, according to the United Nations.
31.03 / 07:03
Provident Food community Myanmar country hospital reports Operation Brahma: Teams begin rescue ops at U hla thein monastery
NDRF) team has begun rescue operations under Operation Brahma at the U hla thein monastery, where around 170 monks are still stuck, the Ministry of External Affairs (MEA) stated on Monday. The Army team will visit the hospital site on Monday and will setup their Medical Services on Tuesday. The NDRF are also trying to get the NDRF team deployed at the Sky Villa (where four towers of 11 storeys each have collapsed). The towers have several foreigners. The relief material (arriving tomorrow) will also be given to the Secretary General of state Mahanayak Committee (2nd highest of the Committee in Myanmar) where around 2,000 monks are sitting outside the monastery. The monks are not injured, but they have nowhere to go and have no basic amenities. Teams will also be deployed to the Mandalay Palace, Maha Muni Pagoda, MIIT, and other such places where substantial damage has occurred. The teams are providing assistance to members of Indian community for their stay and food. Rescue efforts are underway in Myanmar after a devastating 7.7-magnitude earthquake struck the country, killing at least 1,700 people and leaving widespread destruction in its wake. The quake, which was felt as far away as Bangkok and Chinese provinces, has left many more injured or trapped under rubble, CNN reported.
31.03 / 06:21
Citi WhatsApp Myanmar show country Videos More than 700 Muslims were killed in Myanmar earthquake, which struck during Friday prayers
Spring Revolution Myanmar Muslim Network, said Monday that some 60 mosques were damaged or destroyed when the 7.7 magnitude quake hit near Mandalay, the country's second largest city. It was not immediately clear whether those killed in the mosques were included in the official toll of more than 1,700 people killed in the earthquake so far.
31.03 / 02:17
UPS wellness Myanmar hospital Vaccines Mint Quick Edit | Aid for Myanmar matters in multiple ways
Subscribe to enjoy similar stories. With Myanmar devastated by an earthquake that has claimed more than 1,600 lives, India has initiated efforts to assist it in relief and rescue missions. Under Operation Brahma, two naval ships with relief supplies were despatched.
30.03 / 02:47
Citi Myanmar War country isolate gatherings International Aftershocks rattle Mandalay as rescuers search for survivors in Myanmar earthquake
The initial 7.7-magnitude quake struck near the central Myanmar city of Mandalay early Friday afternoon, followed minutes later by a 6.7-magnitude aftershock. The tremors collapsed buildings, downed bridges and buckled roads, with mass destruction seen in the city of more than 1.7 million people. As dawn broke Sunday, tea shop owner Win Lwin picked his way through the remains of a collapsed restaurant on a main road in his neighbourhood, tossing bricks aside one by one. «About seven people died here» when the quake struck Friday, he told AFP. «I'm looking for more bodies but I know there cannot be any survivors.
29.03 / 16:03
UPS BBC Food Myanmar voice Inside International ‘Hear their cries but can’t reach them’: Rescuers describe horror of pulling Myanmar earthquake victims from rubble
Rescue workers are struggling without proper equipment. «We are digging with our bare hands. It’s not enough,» a rescuer told the BBC. «People are screaming, ‘Help me!’ but we can’t reach them in time.»
29.03 / 15:37
Citi Death Myanmar Experts War country International Why the Myanmar earthquake was so destructive
Subscribe to enjoy similar stories. The powerful 7.7-magnitude earthquake that struck central Myanmar on Friday was one of the most powerful in the region in years. While the full extent of the damage remains unclear, the United States Geological Survey says it is likely that more than 10,000 people died and that economic losses could exceed the gross domestic product of Myanmar, a poor country engulfed in a bloody civil war.

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