Myanmar junta

Myanmar poverty deepens, economic growth stagnant, World Bank says

Poverty in Myanmar is more widespread than at any time in the last six years and growth in the conflict-torn nation is likely to remain at a measly 1% in the current fiscal year with little respite in sight, the World Bank said on Wednesday. Escalating violence, labour shortages and a depreciating currency have made it harder to do business, the bank said in a report on the Southeast Asian nation that has been in political and economic turmoil since a 2021 military coup ended a decade of tentat...

April 24, 2024 10:47 AM

Myanmar rebel group says it withdraws from key town on Thai border

A Myanmar rebel group has withdrawn its troops from a town along the Thai border following a counteroffensive by soldiers of the ruling junta from whom the rebels had this month wrested the key trading post, an official said on Wednesday. A spokesman for the Karen National Union (KNU) said the "temporary retreat" from the town of Myawaddy came after the return of junta soldiers to the vital strategic area that is a conduit for annual foreign trade of more than $1 billion. "KNLA troops will ......