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Myanmar

Myanmar’s largest micro lender, Pact Global Microfinance Fund (PGMF), began closing its operations in the country late Monday and will cease them altogether on Friday, saying demands by the junta had made it impossible to continue its efforts to serve low-income households, including those with no access to the formal banking system, The Irrawaddy reports. […]Continue Reading
Myanmar authorities torched almost half a billion dollars of illegal drugs but warned they are failing to stop a surge in the production and trafficking of narcotics, Al Jazeera reports. Head-high piles of heroin, cannabis, methamphetamines, and opium were burned on Monday in the commercial hub Yangon in an annual spectacle to mark International Day […]Continue Reading
The United States said on Wednesday it is imposing sanctions on Myanmar’s Defense Ministry and two “regime-controlled” banks that enable transactions between the military regime and foreign markets to buy arms and other materials, AFP reports. Myanmar has been in turmoil since a February 2021 coup ousting civilian leader Aung San Suu Kyi. According to Continue Reading
Members of Myanmar’s Rohingya Muslim minority testified in person for the first time on Wednesday in Buenos Aires, as part of an Argentinian judicial investigation into alleged crimes by the Myanmar military, an activist told AFP. The hearing, behind closed doors, was “a historic day for everyone in Burma,” as Myanmar is also known, said […]Continue Reading
The death toll from Cyclone Mocha in Myanmar exceeded 200 on Wednesday as people on the ground started clearing away debris and counting casualties, with many fearing the death toll will climb far higher as hundreds are still missing, The Irrawaddy reports. Mocha made landfall on Myanmar’s west coast in Rakhine State on Sunday with […]Continue Reading