Burma Financial News
18.01 / 17:39
markets
Strategy
Election
Universities
PAM
TMC is open about supporting influx: Sukanta Majumdar
BJP chief Sukanta Majumdar has accused the Trinamool Congress party of trying to alter the state's demography by facilitating infiltration of Muslims from Bangladesh. Majumdar, who is also the union minister of state for education and development of the north-eastern region, claimed there are colonies of Rohingyas, an ethnic minority of Myanmar, in and around Kolkata. He spoke on a wide range of issues, including the atrocities on Hindu minorities in Bangladesh, the law and order in Bengal and the assembly elections due next year, in an exclusive interview with ET's Jayatri Nag. Edited excerpts:
17.01 / 15:47
16.01 / 17:39
UPS
security
Trade
President
country
Question on ASEAN stumped Hegseth at Senate hearing. What is it and why is it important?
In a heated Senate confirmation hearing for Pete Hegseth, Sen. Tammy Duckworth grilled the proposed defense secretary over the Association of Southeast Asian Nations, asking him if he could name one member and how many countries were in the bloc
11.01 / 04:49
markets
Strategy
Celebrity
PAM
country
Department
Bangladesh to skip 150-year celebration of India Meteorological Department
India Meteorological Department (IMD), authorities have said, citing restrictions on non-essential foreign travel at government expense. Mominul Islam, the acting director of the Bangladesh Meteorological Department (BMD), on Friday confirmed receiving the invitation from the IMD a month ago, saying: «The India Meteorological Department invited us to their 150th anniversary celebrations. We maintain good relations and continue to collaborate with them.» «However, we are not going to the event as there is an obligation to limit non-essential foreign trips funded by the government,» Islam told bdnews 24. He emphasised the regular contact between the two agencies, noting his recent visit to India on December 20, 2024, for a separate meeting with Indian meteorologists.
20.12 / 04:35
markets
Reuters
Fighting
security
Software
Myanmar
War
Fighters from Myanmar civil war aggravate bitter ethnic conflict in Manipur
Manipur this year, Indian security officers said, inflaming the bitter 19-month ethnic conflict there with weapons and battle-hardened cadres. This has led to an increase in violence between Manipur's dominant and mostly Hindu Meitei community and the mainly Christian Kuki tribes — a conflict that critics say is the biggest law-and-order failure of Prime Minister Narendra Modi's 11-year-old government. Since May 2023, some 260 people have been killed in the fighting and more than 60,000 displaced. Nine Indian military and police officers who spoke to Reuters, plus several politicians and rebel sources in Myanmar, described a conflict that is spreading to new areas as militants from the rival groups come across the border to Manipur.
19.12 / 08:31
markets
UPS
Platform
Trade
Battlefield
country
Myanmar’s military junta has conjured up a crazy currency system
Subscribe to enjoy similar stories. The foreign-exchange market is a devilishly difficult place to turn a profit. Massive and closely watched, edges are impossible to maintain.
17.12 / 14:59
markets
Strategy
Software
community
Myanmar
Investigations
peace
Unexploded mortar found near Manipur CM's residence in Koirengei
unexploded mortar bomb was discovered near Koirengei, in the close vicinity Luwangshangbam, close to the private residence of Chief Minister N. Biren Singh, on Tuesday. A police official said the 51 mm unexploded mortar bomb was found. An investigation has been launched to ascertain the source of the live bomb and the motive behind its placement so close to the Chief Minister’s residence. One more person was arrested in connection with Saturday's killing of two migrant workers from Bihar. Total number of arrests made now stood at eight.
11.12 / 19:37
Fighting
economy
Election
Myanmar
Trade
country
reports
Myanmar's economy set to contract as floods and fighting take heavy toll, the World Bank says
The World Bank forecasts that Myanmar's economy will contract this year, as flooding and fighting take a severe toll nearly four years after the military ousted its government headed by Aung San Suu Kyi
10.12 / 12:17
markets
Target
Digital
Google
Platform
Software
Experts
Meta warns about online holiday shopping scams that you should watch out for this December
holiday shopping scams that one should watch out for this December. The social media giant has launched a worldwide anti-scam awareness campaign aimed at protecting users from fraudulent schemes during the holiday shopping season. The company, which owns Facebook, WhatsApp, and Instagram, revealed it has taken down over two million accounts linked to scam centers in Cambodia, Myanmar, Laos, the UAE, and the Philippines this year. In another instance, Meta said its enforcement efforts have removed 15,000 phishing URLs in Vietnam and 9,000 in Singapore this year to save people from holiday shopping scams. Meta in a blog post said it has partnered with a top internet safety expert and ethical hacker, Rachel Tobac, to share how scammers might be targeting people online this holiday season and how to avoid scams. Meta disrupted scam campaigns targeting holiday shoppers outside of our platforms and took thousands of malicious URLs that impersonated Meta’s apps off the internet, it said in a statement.
09.12 / 11:03
markets
Waters
Myanmar
Experts
travelers
Investigations
International
India questions Musk's Starlink for more clues in $4.2 bln drug smuggling case
Elon Musk's Starlink seeking details of who purchased its internet device that helps in sea navigation when smugglers with $4.2 billion worth of meth were caught in the biggest such Indian seizure. Two people with direct knowledge of the police notice sent by Andaman and Nicobar island officials said Starlink had been asked for the purchaser's name and payment method, registration details and where the internet device was used when smugglers travelled in international waters from Myanmar to India. Starlink and Andaman police did not respond to Reuters request for comment.
08.12 / 16:05
markets
Software
Myanmar
PAM
information
Investigations
Delhi police catch scamster in Hyderabad after 2,500 km chase
Hyderabad by the Delhi police on Saturday for forcing several youngsters from India to commit cyber crimes through fake call centres on the promise of getting them jobs abroad after a 2,500-km chase. The accused, Kamran Haider alias Zaidi, carried a reward of Rs 2 lakh on his information by the National Investigation Agency (NIA). Zaida, along with his associates, trafficked vulnerable young Indian men to the Golden Triangle Region in Southeast Asia, where the borders of Thailand, Laos and Myanmar meet, and force them to work in Chinese companies. Then, their passports would be taken away and they would be forced into cyber crimes.
04.12 / 19:25
Aware
Strategy
Software
PepsiCo
President
Experts
social
MHA grants FCRA licence to CNI and USIN foundation
USIN Foundation, a think tank, and The Synodical Board of Social Services of The Church of North India (CNI) among others. While USIN was issued FCRA licence early this month, CNI's application was approved a few months earlier, said officials aware of the matter. US India Strategic Partnership Forum-backed USIN Foundation has Ajay Banga, president, World Bank, and Indra Nooyi, former chairman, Pepsico, as its founding members. The FCRA licence has been granted for five years to each of the NGOs. USIN Foundation has been granted licences for economic activities whereas CNI can carry out activities under six different heads such as religious, cultural, economic, educational and social, added officials. An email query sent to USIN Foundation and CNI Trust remained unanswered till press time.
04.12 / 13:57
markets
Strategy
Software
Myanmar
Refugees
country
Mizoram: Zo Indigenous Identity Card inaugurated in Aizawl
Zo Indigenous Identity Card prepared by the Zo Reunification Organisation (ZoRO) in Aizawl was inaugurated on Wednesday. Mizoram state assembly speaker Lalbiakzama on Wednesday inaugurated the ‘Zo Indigenous Identity Card’. Though divided into 3 countries and states, the brotherhood and link of the Zo people continue which demands that all of them help each other, he said.
01.12 / 16:17
markets
Digital
security
Strategy
Cybercrime
recommendations
International
PM Modi expresses concern over threats emanating from digital frauds, cybercrimes, AI technology
Narendra Modi on Sunday expressed concern over the potential threats generated on account of digital frauds, cybercrimes and AI technology, particularly the potential of deepfake to disrupt social and familial relations. Addressing the concluding session of the 59th All India Conference of Director Generals/Inspector Generals of Police, the prime minister also called for the use of technology to reduce the workload of the police constabulary and suggested that the police station be made the focal point for resource allocation. Deliberations were held on emerging security concerns along the border with Bangladesh and Myanmar, trends in urban policing and strategies for countering malicious narratives, according to an official statement. In-depth discussions were held on existing and emerging challenges to national security, including counter-terrorism, leftwing extremism, cybercrime, economic security, immigration, coastal security and narco-trafficking.
30.11 / 17:43
Remark
Myanmar
SOLIDARITY
peace
fencing
Mizoram stands in solidarity with kin in conflicts in Manipur, Myanmar
Manipur’s Jiribam district. Protesters claim these men were village guards, unfairly labelled as militants by the police. “We stand in solidarity with the victims of the Zo community across Manipur, Myanmar and Bangladesh,” says Roneihpuii, a familiar face in the crowd who represented Mizoram at an international beauty pageant in Jaipur only two months ago. “Chins, Kukis and Bawms are our siblings—oppressed, tortured, burnt and killed. Borders may divide us, but our hearts remain united,” she tells ET. While Kukis mostly reside in Manipur, Chins and Bawms are from Myanmar and Bangladesh, respectively.
27.11 / 17:05
markets
COST
Digital
Progressive
Highways
International
Centre sanctioned Rs 28,229 crore to build Arunachal Frontier Highway along LAC
Arunachal Frontier Highway connecting 12 districts of the state along the Line of Actual Control (LAC) on the India-China international border, a top official said. The ambitious project to be built at an estimated cost of Rs 40,000 crore is seen as a move to counter China's aggression in Arunachal Pradesh, besides contributing to the socio-economic development of the border state. The highway is being constructed along the 'India-Tibet-China-Myanmar' border and the road project will be as close as 20 km from the LAC and international borders. It will start from Bomdila and pass through Nafra, Huri and Monigong towns, which are closer to the LAC or the McMahon Line, and conclude in Vijaynagar near the India-Myanmar border.
27.11 / 04:39
markets
Man
Align
Experts
PAM
reports
'Monk Who Sold His Ferrari' Comes to Life: Son of Malaysia's wealthiest man renounces $5-billion empire to live in jungle as a monk
Ven Ajahn Siripanyo, the only son of Malaysian billionaire Ananda Krishnan, renounced his claim to a $5 billion empire to embrace a monastic life. Ananda Krishnan, one of Malaysia’s wealthiest individuals, owns a business empire spanning telecom, satellites, oil, real estate, and media.
24.11 / 18:43
markets
Digital
security
reports
Schools
Colleges
fencing
Manipur withdraws order, to keep schools, colleges closed for two more days
On Sunday night, the Manipur government ordered that schools and colleges will remain closed for two more days on Monday and Tuesday, withdrawing its earlier orders. Earlier, separate orders were issued by Director of Education (S), L Nandakumar, and Daryal Juli Anal, Joint Secretary of Higher and Technical Education which said that normal classes for all schools and colleges in Manipur would start from November 25. Educational institutions suspended classes following the large-scale violence over the killing of six civilians, including three women and three minors.
23.11 / 19:09
markets
Cooper
Sustainability
Election
Trade
Next round of India, Asean FTA review talks in February 2025
free trade agreement in goods in February, the commerce and industry ministry said Saturday, adding that the fourth round of the negotiations was concluded here this month.
23.11 / 07:39
21.11 / 22:17
markets
Digital
International
DPIIT gives nod to Hinduja Group firm IIHL for acquisition of Reliance Capital
Hinduja Group firm IIHL for acquisition of debt-ridden Reliance Capital Ltd (RCAP), sources said. DPIIT approval was required as some of the shareholders of IndusInd International Holdings Ltd (IIHL) are residents of Hong Kong, a special administrative region controlled by China. According to Press Note 3, if an entity from a nation sharing a land border with India (China, Bangladesh, Pakistan, Bhutan, Nepal, Myanmar, and Afghanistan), or if a citizen or permanent resident of any such country is the beneficial owner of an investment in India, they are required to pursue investment through the government approval route. According to sources, the green signal from the DPIIT will help take forward the resolution plan submitted by Mauritius-based IIHL, which emerged as the successful bidder by submitting Rs 9,861-crore bid for the debt-ridden financial firm.
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