The Action Collaboration Transformation deal was signed to demand workers’ rights in the garment sector.
The regime appears to be running out of paper money since Myanmar’s German supplier withdrew its services in March.
The attack in Naypyitaw was a warning to the junta not to collect unpaid electricity bills by force.
Private lenders must seek the Central Bank of Myanmar’s nod before recruiting foreigners, whose appointments will be limited.
The junta is apparently trying to stimulate military-owned businesses by outlawing imports of daily essentials.
Critics say pausing dividends to the pipeline firm, a joint venture with regime-controlled MOGE, doesn’t go far enough, as the junta still earns money from gas projects.
Experts from the UN working group on business and human rights warned companies they risk becoming complicit in crimes if they continue to operate in Myanmar.
According to the military’s venture partner Kirin, Q1 sales plunged by 46% on-year at Myanmar Brewery, which is among junta-linked firms targeted by a consumer boycott.
The Irrawaddy charts how the February coup has economically devastated the country in just over three months.
Individuals can take out 500,000 kyats daily on ATMs, and withdraw 2 million kyats a week; companies face a weekly 20-million kyat withdrawal limit.
Founded in 1993 by a group of Myanmar journalists living in exile in Thailand, The Irrawaddy is a leading source of reliable news, information, and analysis on Burma/Myanmar and the Southeast Asian region. From its inception, The Irrawaddy has been an independent news media group, unaffiliated with any political party, organization or government. We believe that media must be free and independent and we strive to preserve press freedom.
© 2023 Irrawaddy Publishing Group. All Rights Reserved