Myanmar Financial News

Myanmar, once a thriving emerging economy, is struggling to regain momentum as the country's civil war increasingly disrupts trade and livelihoods

Manipur government has deported around 38 Myanmar nationals on Tuesday.

Singapore Airlines has sent offers of compensation to passengers on board a flight last month that encountered severe turbulence that led to dozens of injuries and one death, the carrier said on Tuesday.

BJP, having secured more than 272 seats on its own in both 2014 and 2019, was not concerned with political stability. However, in his first speech after the results on Tuesday, Modi emphasized that India would continue to look outward, seeking to integrate into global value chains and assist countries in need. For the world, Modi is someone they have engaged with for the past decade, someone they have done business with and hence predictable to work with.

Tamil Nadu government has cautioned job seekers regarding the risks associated with accepting deceptive job offers from overseas, particularly from countries in Southeast Asia like Cambodia, Thailand, Myanmar, and Laos. The Non-Resident Tamils’ Welfare Department has emphasized the importance of vigilance among the state's residents, urging them not to fall prey to fraudulent schemes promising lucrative employment opportunities abroad. Highlighting the severity of the situation, the government has underscored its commitment to taking legal action against any individuals or agencies within Tamil Nadu found to be complicit in the illicit practice of facilitating unauthorized employment abroad without proper registration with the Union government.

influx from Myanmar into Mizoram continues as in last 10 days as many as 1,430 Myanmarese nationals took shelter in Mizoram.

refugees from Myanmar have entered Mizoram in the past few days following renewed clashes between the army and civil militia groups in the neighbouring country in Southeast Asia, an official said.

Singapore International Airlines Flight from London to Singapore, the airline has tightened certain rules dealing with turbulences. The incident which left one British citizen dead and more than 100 passengers injured in different states had prompted a safety review by the airline and other major airlines across the world.

Myanmar’s military government appears to be considering reviving a massive China-backed hydroelectric dam project

Singapore Airlines shares fell more than 1% in early trade on Thursday, following a deadly turbulence-hit flight. One passenger died of a suspected heart attack and dozens were injured after flight Singapore Airlines SQ321 encountered what the airline described as sudden, extreme, turbulence while flying over Myanmar on Tuesday.

Singapore International Airlines flight from London's Heathrow Airport to Changi International Airport in Singapore developed mid-air turbulence resulting in a steep fall. The plane was flying over the Irrawaddy basin in Myanmar when this incident took place resulting in the death of a British citizen and injuring scores of others. This incident has prompted many questions regarding air turbulences, their nature and their increasing frequency.

At least one passenger is dead and dozens more are injured after a Singapore Airlines flight from London to Singapore encountered “severe turbulence” and dropped thousands of feet in the air.

Singapore Airlines says one person has died aboard a London-Singapore flight that encountered severe turbulence

Manipur, the Mizoram government is likely to initiate biometric enrolment for refugees from Myanmar. People from Myanmar continue to come to Mizoram since the military junta seized power in the nation on February 1, 2021. At least 34,350 people including women, elderly people and children from the neighbouring country took shelter in 11 districts of Mizoram. A senior official in the Mizoram government who does not want to be named told ET, “Chief Minister Lalduhoma, during a meeting with the leaders of NGO Young Mizo Association (CYMA), indicated the state government’s plan for biometric enrolment for refugees”.

ZORO) — in Mizoram on Thursday to protest the government's decision to fence the India-Myanmar border and scrap the Free Movement Regime (FMR) between the two countries. The peaceful protest rallies were held at Zokhawthar and Vaphai villages in Champhai district bordering Myanmar. ZORO general secretary L. Ramdinliana Renthlei said that protesting the Centre's decision to fence the India-Myanmar border and scrapping the FMR, thousands of men and women took part in the two rallies at Vaphai and Zokhawthar along Myanmar borders.

Myanmar ruling junta’s decision to opt for Russia for building a Dawei deep seaport on the country’s east coast has riled China which was also eyeing to construct the port located close to the Thailand border. The Myanmar junta is keen for Russians to invest in the port project along with a special economic zone including an oil refinery, ET has learnt.

Leishiyo Keishing, an MLA in Manipur, has written a letter to Chief Minister N Biren Singh requesting measures to deport the refugees from Myanmar back to their respective places.

Manipur chief minister N Biren Singh stated that out of 5457 illegal immigrants detected from Myanmar, biometric data of 5173 of them have been registered. Singh stated in X, “5457 illegal immigrants detected from Myanmar, biometric data of 5173 of them have been registered. The Government has detected a total of 5457 illegal immigrants in Kamjong District, Manipur as on May 7th, 2024. Out of the total, the biometric data of 5173 such illegal immigrants have been collected so far. Deportation process is underway. We have been giving humanitarian aides to all the illegal immigrants who were detected so far. Despite being an alarming situation, we have been handling it with utmost sensitivity.” Last week around 38 Myanmarese nationals were deported to their country from Manipur.

Myanmar to Mizoram, the number of those taking shelter has increased to 34,332. A Mizoram government official said people are entering Mizoram to evade being recruited in the Arakan Army (AA) militant group. Around 50 Myanmarese, including 10 women, fled Paletwa in the neighbouring country’s Chin region and entered Hruitezawl village in Mizoram’s Lawngtlai district during the past few days to evade recruitment in the Arakan Army (AA) militant group, the largest armed ethnic outfit in Myanmar, which is recruiting people from the Chin region to intensify their battle against the Army. People from Myanmar are taking shelter across the 11 districts in phases after the military junta seized power in the neighboring country on February 1, 2021. The Kuki-Zomi-Chin tribes in Myanmar, Bangladesh, and Manipur share ethnic ties, and cultural and linguistic similarities with the Mizo people.

immigrants from Manipur deported to Myanmar on Thursday, altogether 77 illegal Myanmarese migrants, including 55 women and five children, deported to their country since March 8. Manipur Chief Minister N. Biren Singh said on the X: “Without any discrimination, we have completed the first phase of deportation of illegal immigrants from Myanmar with 38 more immigrants leaving Manipur, India, today through Moreh.” He said: “A total of 77 illegal immigrants have been deported in the first phase. One Indian national was also brought back from Myanmar during the handover ceremony.

Myanmar is an evidence of China’s increasing interest in Myanmar. In his meeting with Lieutenant General YarPyae, the junta’s home affairs minister, in Beijing, Chinese Public Security Minister Wang Xiaohong said China always considers China-Myanmar relations from a strategic perspective and is trying to improve them. But the ground reality is not rosy. China has its limitations. It has brokered a ceasefire deal among warring parties in January but it wants to remain one of the most influential stakeholders in Myanmar’s political crisis. However observers feel that it is time for Association of Southeast Asian Nations (ASEAN) to play a bigger role in mediation efforts only. Raising doubts over China’s real intention. Dr. Brian Wong of the University of Hong Kong insisted on the need of a coordinated approach involving ASEAN, particularly Thailand, to foster sustainable peace in the region. Also observers have cautioned against viewing China’s role in brokering a ceasefire deal among warring factions in January, through a unilateral lens.