Thailand Affirms No Evidence of Financial Ties Between Banks and Myanmar's Arms Trade

In a recent announcement that aims to clear any misconceptions, Thai authorities declared that there is no credible evidence linking the banking sector in Thailand to transactions that would support Myanmar's arms trade. This statement arises amid heightened scrutiny regarding the financial networks potentially aiding Myanmar's military operations, particularly following the military takeover in February 2021.

Continue reading

World Bank Predicts Economic Decline in Myanmar Amid Ongoing Civil Conflict

The World Bank has issued a stark warning regarding the economic situation in Myanmar, forecasting a significant contraction in the country's economy as civil war conditions prevail. This announcement comes at a time when the nation is grappling with extensive humanitarian challenges and disrupted governance.

Continue reading