Burma Financial News

Indian Navy has started rapid preparations to deploy Humanitarian Assistance and Disaster Relief (HADR) operations in response to the devastating flash floods in Myanmar, in response to Typhoon Yagi. The typhoon, which has originated from the South China Sea, is being recognised as the most powerful storm in Asia this year. The Eastern Naval Command, in coordination with the Eastern Fleet, Base Victualling Yard (BVY), Material Organisation, and INHS Kalyani, has completed the overnight loading of essential relief supplies onto naval ships set to depart from Visakhapatnam.

India on Sunday unveiled 'Operation Sadbhav', an inititative that would help countries severely hit by Tyhpoon Yagi, namely Myanmar, Vietnam and Laos. External Affairs Minister Dr S jaishankar took to social media platform X to announce that New Delhi so far has sent three aid packages to the impacted areas. The Operation is being backed by the Indian Navy and the Indian Air Force, with INS Satpura and IAF jets carrying out the relief operation.

Burma Burma plans to go public with an IPO in the next three years, co-founders Chirag Chhajer and Ankit Gupta told ET. The company is also aiming to triple its footprint before going public, they said. Last month Burma Burma (Hunger Pangs Pvt Ltd) raised $2 million in equity investment and is looking to raise another $3 million. The round is expected to see participation from existing investors Negen Capital and family offices.

Lance Naik Charan Singh (retd), a World War II veteran who served the Army for 17 years and received the prestigious Burma Star Award has turned 100. The Army celebrated his centennial birthday on Saturday at his home in Himachal Pradesh, marking a century of extraordinary life and service. Born on September 7, 1924, Singh's journey with the Army began on August 26, 1942, at Firozepur Cantonment, when he got enrolled in the Indian Army, a senior official said on Sunday. His distinguished military career saw him serve with the Army Service Corps during the World War II. His service took him from Singapore to Lahore and eventually to Yol Cantonment in Himachal Pradesh, he said.

internet censorship evasion tools. The tools, supported by the U.S.-backed Open Technology Fund (OTF), have seen a surge of usage in Russia, Iran, Myanmar and authoritarian states that heavily censor the internet. OTF's pitch to tech companies at the meeting was to help offer discounted or subsidized server bandwidth to meet the fast-growing demand for virtual private network (VPN) applications that OTF funds, the organisation's president, Laura Cunningham, told Reuters.

Lenders to debt-ridden Reliance Capital Ltd (RCAP) have alleged that Hinduja Group firm IIHL is indulging in delaying tactics, resulting in slowdown in implementation of the resolution plan. Mauritius-based IndusInd International Holdings Ltd (IIHL) emerged as a successful bidder for acquisition of Reliance Capital. The NCLT Mumbai on February 27, 2024, approved IIHL's Rs 9,861-crore resolution plan for the debt-ridden financial firm. According to sources, lenders claimed that IIHL's move to seek approval from the Department of Industrial Policy and Promotion (DIPP) is an afterthought.

Mizoram arms and explosives seizure case connected with Myanmar-based insurgent groups. In a statement NIA stated all 10 accused have been charged with active involvement in the arms, ammunition and explosives trafficking network operating on the Indo-Myanmar border. They have been charge-sheeted under various sections of IPC, Arms Act and Explosive Substance Act. The chargesheet, filed before the NIA Special Court, Aizawl, Mizoram, identified the accused as Lalrintluanga, Laldinpuia, Zoremsanga, Lalbiaktluanga, Lalrinsanga, Zothanmawia, Henry Siangnuna, J Rohlupuia, Laldinsanga & David Lalramsanga, who included some Myanmar-based absconders. The case was registered in May 2022 following the seizure of a large quantity of explosives, firearms and ammunition from two vehicles at the outskirts of Kelsih Village, under Kulikawn PS, Aizawl district.

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Awami League leader of Bangladesh, Ishaque Ali Khan Panna. His body was recovered from a betel nut plantation in East Jaintia Hills district. The district is in close vicinity of the Indo-Bangladesh border. East Jaintia Hills SP Giri Prasad M said that investigation was on into the matter. “On the evening of 26th August 2024, one unknown male dead body in a semi-decomposed state was found lying at the betel nut plantation located in the Dona Bhoi Area of East Jaintia Hills. One Bangladesh passport bearing the name of Ishaque Ali Khan Panna was recovered from the dead body,” the SP said in a statement. “Later, after observing all the formalities at the PO, the dead body was shifted to Civil Hospital Khliehriat for post-mortem examination.

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floods that inundated vast areas of the low-lying South Asian country, disaster officials said. The floods were triggered by heavy monsoon rains and have killed at least 42 people in Bangladesh and India since the start of the week, many in landslides. «My house is completely inundated,» Lufton Nahar, 60, told AFP from a relief shelter in Feni, one of the worst-hit districts near the border with India's Tripura state. «Water is flowing above our roof. My brother brought us here by boat. If he hadn't, we would have died.»

from all the lands on earth we come". In its most evolved stage, you could call it MasterChef Australia cuisine. That kind of food was not very cheap, and I did not come across very much of it during my two-week sojourn.

Murugappa Group equally among three family groups that’s been over two years in the making has got stuck, said people with knowledge of the matter. The Murugappa Chettiar family had been negotiating an amicable split of the diversified business empire with over $9 billion in revenue in FY23 after five generations of working together over more than a century, they said. The much-celebrated turnaround of CG Power within four years of its takeover by group company Tube Investments of India (TII) has become a key bone of contention among different family groups that make up the promoter group. Shares of four Murugappa group companies, including Wendt India and Shanti Gears, yielded over a 50% return in CY23. But it’s the meteoric 15-fold jump in the share price of CG Power after the TII buyout that has grabbed the spotlight. Another standout has been the performance of Cholamandalam Investment and Finance Co. Ltd, the group’s principal financial services arm, a listed company with over Rs 1 lakh crore market value.

North Eastern Council (NEC) has withdrawn the draft ‘Vision Plan 2047’ document after it wrongly mentioned that the Kukis migrated from the 'Chin State of Manipur'. Manipur Chief Minister N. Biren Singh said in a Facebook post on Sunday said that following the mistake in the draft NEC 'Vision Plan 2047’, the issue was raised with Development of North Eastern Region (DoNER) Minister Jyotiraditya Scindia following which it was withdrawn. In Chapter 3 – 'Art, Culture, Natural Heritage' — of the draft vision document, “Kukis (Chin) from the Chin state of Manipur” was mentioned.

A Japanese business executive who had been detained in Myanmar for more than a month has been released

Union Home Ministry has asked to expedite the whole border fencing construction work by conducting survey and alignment of stretches along the Indo Myanmar border in Manipur and Arunachal Pradesh. Four Northeastern states including Nagaland, Mizoram, Arunachal Pradesh and Manipur share a border with Myanmar. The Mizoram Assembly on February 28 this year adopted a unanimous resolution opposing the Centre's decision to fence the India-Myanmar border and eliminate the Free Movement Regime (FMR). The Nagaland government and almost all organisations in the state are also against the border fencing and abolishing of the FMR.

Sheikh Hasina has alleged that the USA aimed to oust her from power due to her refusal to cede control of Saint Martin Island, which would have allowed the USA to exert influence over the Bay of Bengal. Hasina, in a message conveyed through her close associates and made available to ET, claimed that by surrendering the sovereignty of Saint Martin Island, she could have stayed in power. However, she chose not to compromise on the island's sovereignty, highlighting the island's strategic importance and the potential geopolitical influence it represents in the region.

Mint explores the potential impact of regional instability on not just India’s trade but also internal security. Let’s begin with the political crisis and civil unrest in Bangladesh, with which India shares a 4,096 km border, its longest with any of its neighbours. Although Bangladesh has announced an interim government headed by Nobel Laureate Muhammad Yunus, the riots haven’t abated.

Piyush Goyal on Wednesday suggested the seven member countries of the BIMSTEC bloc to relook at the progress of Free Trade Agreement talks which are moving at a very slow pace. He said that the members can think of negotiating a preferential trade agreement instead of a full-fledged free trade pact. BIMSTEC stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation. Its seven members are five South Asian countries (Bangladesh, Bhutan, Nepal, India, and Sri Lanka) and two Southeast Asian countries (Myanmar and Thailand). The bloc has been negotiating a proposed Free Trade Agreement (FTA) since 2004.

paddu—served at breakfast, sambar-rice for lunch and mirchi bajjis (chilli fritters) as an evening snack. She has been helming this micro-business for five years now, paying for the upkeep of three children and their education. Taiyamma’s husband, a driver in a neighbouring state capital, earns just enough to repay monthly loan instalments on a newly acquired pick-up van.

government wants India to be selfsufficient in pulses by 2027-28. As the world’s largest producer of pulses by far, this may not seem hard, but we are also the largest consumer. A large part of pulses’ production in countries like Myanmar, Canada and Australia is meant for India. Ending imports won’t be easy. This is particularly so for a reason that doesn’t get captured by aggregated figures. Policy makers tend to refer to agricultural products as if they were one thing. Just as barrels of oil (within certain specifications) are considered identical, rice, wheat and pulses are also spoken of as one thing for production and trade statistics. But at the consumption end, we know that the differences between varieties are huge.