Thursday, August 25th, 2016


After an emergency meeting in Thailand, the United Nationalities Federal Council (UNFC)—an ethnic armed alliance—has confirmed that they will attend Burma’s Union Peace Conference, scheduled to commence on Aug. 31.

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A team from Unesco, the United Nations’ cultural agency, is traveling to Bagan to conduct a comprehensive review of damage to historical pagodas and temples after a 6.8 magnitude earthquake hit central Burma on Wednesday evening.

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A mid-year report on the human rights situation in Burma by a national watchdog has noted a “stark increase” in violations by Burmese government forces and ethnic militias.

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A group of people living in a squatter community in Hlegu Township, on the outskirts of Burma’s commercial capital Rangoon, held a press conference on Wednesday to voice their opposition to plans to evict them from their homes.

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A controversial Chinese dam project in Shan State has been given the go-ahead, as local human rights organisations warned that the development could stoke ongoing conflict in the region.

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A workshop by the United Nations High Commission for Refugees (UNHCR) about the resettlement of internally displaced persons (IDPs) was held in Karen State capital Hpa-an.

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Intense fighting between the Tatmadaw and the Kachin Independence Army (KIA) continues with just one week before the start of the 21st-century Panglong Conference, to be held from August 31 to September 4 in Nay Pyi Taw with the hopes of fostering peace between the country’s armed ethnic groups.

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Burma’s main opposition party, the Union Solidarity and Development Party (USDP), has pinned its hopes on new leader Than Htay securing Burma’s top job in the 2020 election.

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A reshuffle of the Union Solidarity and Development Party (USDP) on Tuesday saw younger faces emerge at the top of Burma’s biggest opposition party, although the positions of chairman, vice-chairman and general secretary went to ex-military officers.

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Relations between China and Myanmar took a positive turn this month during Aung San Suu Kyi’s five-day visit to China as Myanmar’s de facto leader.

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China has extended an offer to assist Myanmar with a large-scale project to prevent natural disasters, says the Ministry of Social Welfare, Relief and Resettlement.

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Aung San Suu Kyi is playing her diplomatic cards shrewdly, choosing China as the first country outside the Association of Southeast Asian Nations to visit in her new capacity as Myanmar’s de facto leader.

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As Myanmar re-joins the ASEAN markets and introduces its own Stock market, there will be increasing pressure on local Companies to adhere to good corporate governance criteria. There are a number of codes that are applied and cater for the local market conditions, and it can be argued that no one single approach to Corporate Governance is the absolute correct one. Corporate governance systems have recently been under the microscope, driven by many corporate failings of recent years such as Exxon Mobil, HIH and those financial institutions caught up in the global financial crises of 2008. Current texts and publications highlight the growing complexity of company financial arrangements and increasing distance between shareholders and the respective boards of companies, concluding that a more formal board monitoring process is required (Tricker 2009; Nicholson & Kiel 2007; Sharp & Stock 2005).

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On August 31 Myanmar will hold its “21st Century Panglong Conference” – the latest step in the country’s long peace process. It will be a moment imbued with symbolism. General Aung San, Aung San Suu Kyi’s own father led the Bamar delegation at the first Panglong conference held in 1947, which reached a breakthrough agreement with three armed groups and is still etched in the popular memory of the country today.

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