Myanmar Financial News

China’s leader Xi Jinping and visiting Thai Prime Minister Paetongtarn Shinawatra have vowed to crack down on the scam networks that plague Southeast Asia as the two met in Beijing

A renewed attempt to auction off the family home of Myanmar’s imprisoned former leader Aung San Suu Kyi has been unsuccessful as the property in a country embroiled in a civil war failed to attract any bidders

Subscribe to enjoy similar stories. Authorities in Beijing are ramping up pressure on neighbors to rein in cyberscams after the high-profile kidnapping of a young Chinese actor who says he was trafficked into a criminal enclave in Myanmar. Parts of war-torn Myanmar and other countries in Southeast Asia have become havens for sprawling scam compounds, where hundreds of thousands of people are forced to swindle billions of dollars out of victims in the U.S., China and elsewhere.

Pertin could never shake off the story his father had told him as a child. The elder Pertin was hunting the Mishmi takin—an elusive goat-antelope species—on the perilous heights of the Eastern Himalayas when he chanced upon the debris of a crashed aircraft. Years later, as the younger Pertin was finding it hard doing shifting cultivation at Damro village near the Yamne River in Upper Siang district in Arunachal Pradesh, that story came back to him as a business idea. Why not retrace his father’s steps, find the fabled plane, salvage some metal and sell it in the bustling Pasighat market, roughly 60 km downstream?

Yaba tablets and Brown Sugar worth around Rs 62 crores from Mata Village in Manipur’s Churachandpur District.

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.

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.

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

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.

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.

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.

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.

Opponents of Myanmar’s military government have welcomed the latest sanctions imposed by the European Union, the U.K. and Canada on individuals and entities supplying aviation fuel and equipment to the army

Subscribe to enjoy similar stories. New Delhi: The Centre is set to resume selling subsidised Bharat chana dal this week as part of its efforts to control accelerating food inflation and provide relief to consumers, two people aware of the matter said. “The pulse will now be available at ₹70 per kg, an increase of ₹10 from the previous price, the first person said.

Myanmar's Mandalay city was attacked with an explosive device, local media said Saturday, adding that no deaths or injuries were reported. The blast occurred at the consulate office in central Mandalay, south of the sprawling Royal Palace, around 7 pm local time Friday (1230 GMT Friday), local media said. China is a major ally and arms supplier to Myanmar's junta, but it also maintains ties with ethnic groups fighting the military in Myanmar's northern Shan state, according to analysts.

Malaysian Prime Minister Anwar Ibrahim is visiting Bangladesh to meet with interim leader Muhammad Yunus, who took over in August after the former prime minister fled during a mass uprising

Kuki militants have infiltrated to carry out strikes on September 28, Manipur government now asserted. «Any such misadventures by armed groups is minimal and unsubstantiated». Already Manipur police has stated that the input was verified from different quarters, but it could not be substantiated on ground. The Manipur government in a statement on Wednesday stated, “Based on information gathered on movement of armed groups, this office had shared intelligence inputs vide U0 note bearing no. 1/25/2024-CM dated 16.09.2024 to enable the Police Department to use its machinery and network to develop the said information to determine actionability. It is now ascertained that possibility of any such misadventure by armed groups is remote. The public need not worry further in this regard.” Manipur Director General of police Rajiv Singh stated input of infiltration of 900 trained Kuki militants from Myanmar to carry out attacks on Meitei on September 28 was verified from different quarters, but it could not be substantiated on ground.

Muhammad Yunus, stressed on the urgent need for the repatriation of Rohingyas during a high-level meeting at an event on the sidelines of the 79th United Nations General Assembly in New York on Tuesday. During the high-level UN event in New York, on the Rohingya crisis, Yunus highlighted the significant challenges that Bangladesh has been facing due to the presence of over 1.2 million displaced Rohingyas from Myanmar. Yunus pointed out that while Bangladesh has shown empathy in hosting the Rohingyas, the costs associated with this situation--social, economic, and environmental--are considerable. He emphasised that Bangladesh has reached its limits, adding that repatriation remains the only sustainable solution to the ongoing crisis.

Jaishankar, said that when he said that 75 per cent of the border dispute between the two countries have been sorted, he is only talking about the 'disengagement' part, while adding that challenge persists in other aspects. While addressing the Asia Society at the Asia Society Policy Institute on Tuesday (local time), the Foreign Minister highlighted how China violated the previous agreements during Covid pandemic, by increasing the troop deployment at the border, eventually resulting in clashes resulting in casualties on both sides. This incident, according to Jaishankar, has overshadowed the bilateral relationship.

The ITLF has announced closure of borders during 26 to 29 September, closure of schools, institutions and offices from September 27-29 and total shutdown on 28 September. ITLF has put all village volunteers and citizens to be on high alert. ITLF had announced the Manipur government had accumulated highly advanced MMG MK 2A1 weapons earlier this month. Recently, Kuldiep Singh, the state security advisor, made hints about an impending “attack” on September 28.

Free Trade Agreement in goods will figure during the visit of Commerce and Industry Minister Piyush Goyal to Laos, an official statement said on Friday. The two-day visit of Goyal to Vientiane, Laos, started from Friday. He is there to participate in the 21st ASEAN-India Economic Ministers (AEM-India) meeting and the 12th East Asia Summit Economic Ministers Meeting (EAS EMM). These annual meetings of ASEAN (Association of South East Asian Nations) with their dialogue partners are being hosted by Laos, the ASEAN Chair for this year.