This time the exodus includes anyone who can afford to go, including not just politicians and activists but much of the middle class, who see no future under the junta.
The economy shrank 18% and shed more than 1.5 million jobs in 2021 as investors flee and the financial system teeters amid war and economic mismanagement.
Also this week, the regime said civil servants would once again have to undergo military training, and revived its fantasy of launching an electric rail system.
Thwarted by widespread civil disobedience and armed resistance, the military’s bid to illegitimately seize power has failed, bringing only civil war and economic collapse.
Fewer than 7 percent of Japanese companies doing business in the country plan to leave despite the turmoil caused by last year’s military coup, a survey shows.
The Irrawaddy looks at the individuals, groups and forces that shaped the course of events in one of the most tumultuous years in Myanmar’s modern history.
The country is in need of workers as the economy opens up, but is concerned about the spread of COVID-19 and trafficking of migrants from Myanmar.
A whole new set of military, economic and social dynamics, both inside and outside the country, will make it much harder for the generals to impose their will this time.
Demand for US dollars and gold is soaring as the junta’s attempts to stabilize currency markets fail, foreign inflows dry up and the prices of fuel and other goods rise.
OHCHR chief Michelle Bachelet says the global community needs to do more to keep the situation from becoming a ‘full-blown conflict’.
Due to its human rights violations and illegitimacy, the SAC cannot mobilize the resources, domestically or internationally, needed to restore economic fundamentals.
As the economy fails, the coup maker’s plan to turn the capital, Naypyitaw, into a shiny global hub shows the extent to which his regime has lost touch with reality.
As part of a crackdown on internet scammers, Beijing has ordered Chinese nationals living in northeastern Myanmar to return home, taking a huge toll on the local economy.
The military coup and a resurgence in COVID-19 have dealt the economy a double blow, the bank said in its latest report.
The country lost about 1.2 million jobs in Q2 following the February military coup, which has crippled an economy already hit by COVID, the labor agency said.