Browsing Tag
Myanmar
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UN urges end to arms, currency supplies to Myanmar junta
The United Nations called for the international community to block Myanmar’s junta from acquiring weapons and currency amid the deepening humanitarian crisis.
The UN highlighted alleged human rights violations and urged targeted measures to limit the military’s access to resources facilitating attacks on the people, as well as emphasizing the urgent need for food and aid, warning against obstruction or denial of assistance.
Singapore acknowledges 138 Singapore-based entities involved in Myanmar’s military junta supply chain amid international probe
Singapore has revealed the identification of 91 more entities involved in supplying Myanmar’s military, as investigations continue.
Foreign Affairs Minister Vivian Balakrishnan assures actions against any violators to prevent arms transfers.
Myanmar economy hampered by junta restrictions, power cuts: World Bank
Rolling power cuts and economic restrictions imposed by Myanmar’s junta are hindering the country’s economy, says the World Bank. The nation’s GDP remains significantly lower than in 2019, and businesses struggle with access to foreign exchange and licenses.
Power cuts are also impacting economic activity. Despite some signs of stabilization, the World Bank forecasts a three percent growth for the year.
Spike in boats smuggling meth out of Myanmar: UN
Asian drug trafficking networks are using sea routes to smuggle methamphetamines from Myanmar, avoiding tighter land patrols.
Ketamine production is also on the rise. The region’s most powerful trafficking networks operate with certainty they won’t be stopped.
Authorities seized a record amount of ketamine in 2022. Organized crime groups are pushing meth and ketamine together to increase demand.