February 29, 2016

A global mind: Refugee crisis is more than just Syrians

If all of the displaced people in the world were placed into one country, the group would form the 24th largest country in the world.

Katie Morris
Katie Morris
There are approximately 60 million people who have been forced to leave their homes as a result of civil war, genocide or extreme poverty. One of the groups getting the most attention is Syrian refugees, who are contributing to the largest exodus ever from a single country. The hardships these Syrians face are brutal and people need to know what is happening to them.

Yet, there’s another group of refugees that is suffering just the same and is receiving little attention. It’s a minority Muslim group called the Rohingyas and it has been cited as one of the world’s most persecuted minority groups. (Courtesy of The Brown and White)

China Moves to Revive Its Sway in Myanmar

China is trying to rekindle its influence in Myanmar by building a deep-water port here, presenting an early test for the incoming government led by Aung San Suu Kyi in balancing local objections against ties with the country’s top economic partner.

The project, which includes a special economic zone, would help Beijing’s effort to extend its presence in the Indian Ocean and in South Asia and restore the privileged position it once enjoyed under Myanmar’s former military junta. (Courtesy of WSJ)

Emirates to fly daily from Dubai to Yangon and Hanoi

Emirates is to increase its capacity to Southeast Asia with a daily service to Yangon in Myanmar and Hanoi in Vietnam, beginning from August 3.

The new service will expand the airline’s network in Southeast Asia to 12 cities (including Cebu and Clark in the Philippines which start on March 30) in seven countries.

“Emirates’ first air service to Myanmar supports the country’s Tourism Master Plan to target 7.5 million tourist arrivals by 2020 and for Hanoi, the service will provide additional options for Vietnamese to travel to Dubai and Emirates’ global network of destinations, while also making it easier for overseas Vietnamese and the growing number of tourists to travel to Vietnam,” said Adnan Kazim, Emirates’ divisional senior vice president, strategic planning, revenue optimisation & aeropolitical affairs. (Courtesy of The National)

Myanmar lawyers to visit Sri Lanka next month

A team of senior lawyers from Myanmar will visit Sri Lanka next month seeking assistance from legal experts to set up the legal system in Myanmar. They will meet legal experts during the Law Conference organised by the Bar Association of Sri Lanka (BASL) from March 18 – 20.

The Myanmar lawyers have called upon the Bar Association of Sri Lanka (BASL) to permit them to have one-on-one discussions with legal experts, said President’s Counsel Ali Sabri, Chairman of the BASL’s Law Conference. (Courtesy of Sri Lanka Guardian)

The Central Bank and The Runaway Kyat

The volatility of the kyat and its impact on the banking sector has been in the headlines as Myanmar continues its cautious journey towards democratic reform.

Over 10 days from the start of February, the kyat strengthened from about K1,300 to the US dollar, to about K1,205, an appreciation against the American currency of around 7 percent.

The volatility of the kyat during the period seriously disrupted the operations of private banks and authorised foreign exchange counters, forcing them to temporarily suspend buying US dollars.

This week I would like to explore the reasons for the volatility of the kyat, the likely consequences and the role of Central Bank of Myanmar. (Courtesy of Frontier Myanmar)

Myanmar triples electricity supply expenditure

Myanmar has tripled its expenditure on electricity supply over the past five years, an official report said on Sunday.

In the fiscal year 2015-16 until March, the government invested $481 millions, up from $143 million, Deputy Minister of Electric Power U Maw Tha Htwe said.

Noting that the country's individual consumption of electricity stands at 222 kilowatts, the deputy minister revealed the installed capacity of electricity of Myanmar rose from 3,400 megawatts in 2010 to 5,089 mw in 2015 and electricity has been distributed to 15,000 of 60,000 villages across the country, Xinhua news agency reported. (Courtesy of Business Standard News)

Myanmar nationalists demonstrate against Suu Kyi presidency bid

Hundreds of demonstrators in Yangon Sunday protested against tweaking the constitution to allow opposition leader Aung San Suu Kyi to become the next head of state.

About 500 Buddhist nationalists gathered in the commercial capital Yangon wearing white-shirts bearing the slogan "We support section 59 for the country's future."

Suu Kyi, whose National League for Democracy won a landslide election in November, has been in negotiations with the outgoing military administration to repeal or suspend article 59 (f), which outlaws anyone with foreign family memebers from taking the post. Suu Kyi's late husband was British, and their two sons are British citizens. (Courtesy of dpa news)