An escalation in fighting between the Myanmar National Democratic Alliance Army and the Tatmadaw near the town of Mong Ko on the China border has emptied villages, while inflaming longstanding tensions over who controls the area.
Senior General Min Aung Hlaing has attracted ridicule for airing grand development plans at a time when the economy is in crisis, but even the regime’s more rational economic goals are unlikely to be achievable.
KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans.
President Xi Jinping’s visit underscores that his country has regained its dominant position in Myanmar after setbacks under the U Thein Sein government, but China will need to be careful how it exerts its influence in the years ahead.
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.