Calls for a “spring revolution” erupted from thousands of protestors marching across Myanmar today to protest the Burmese military junta. The country has been in turmoil since the Feb 1 coup that overthrew Aung San Suu Kyi’s government and installed military rule. Protests have raged for 4 months despite the Burmese military cracking down on demonstrations, often violently and bloodily, with an estimated 760 deaths and 4,500 people detained.
Today activists, many young students, started early, collecting at a downtown street corner in former capital city Rangoon, forming a flash mob that marched quickly up the blocks. The flurry grew quickly but also disseminated just as quickly, hoping to avoid another bloody clash with military forces.
Burmese protesters called for a “spring revolution” and a show of unity, changing phrases like “to get democracy is our course!” and “to bring down the military dictatorship is our course!” They waved the famous Hunger Games three-finger resistance salute.
Around the country, similar protests sprung up. In Mandalay, monks in bright orange robes and carrying the National League for Democracy flag led hundreds of demonstrators. In the Shan state to the north, young marchers carried large signs exclaiming “we cannot be ruled at all.” But junta military forces fired upon the crowds by 10 am, with one person shot in the head and killed. Protestors said that the Burmese military demanded the victim’s body, but friends hid him and planned a funeral.
After the brazen show of unity in protest, the military was reportedly patrolling areas arresting any young people they suspected had participated in demonstrations. Unidentified bomb explosions rocked Rangoon, with the military pinning the blame on protestors and characterizing them as instigators.
Conflicting info coming from the opposing sides have emerged. As the Assistance Association for Political Prisoners has been gathering statistics and claim 759 civilians have been killed, the junta disagrees. The AAPP is a local monitoring group, but has been labelled by military leaders as an unlawful organisation and dispute their figures. The military claims that 17 police officers and 7 soldiers have been murdered by Burmese protestors and the number of dead demonstrators is actually 258.
Burmese protests countrywide call for a "spring revolution" | Thaiger
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Burmese protests countrywide call for a spring revolution
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Could abandon Myanmar Project: Adani Ports
04 May 2021, 08:16 PM IST
- Adani Ports and Special Economic Zone Ltd could abandon a Myanmar container terminal project and write down the investment if it is found to be violating sanctions imposed by the United States, the company said
"MUMBAI : Adani Ports and Special Economic Zone, which operates some of the largest commercial ports in India, reported a 285% jump in consolidated net profit for the March quarter at ₹1,287.81 crore. The company had posted a profit of ₹334.39 crore in the corresponding quarter last year. Operating revenue for the firm rose 24% to ₹3,608 crore from ₹2,921 crore in the same quarter last year. Consolidated operating Ebitda advanced 39% to ₹2,287 crore.
Adani Ports and Special Economic Zone Ltd could abandon a Myanmar container terminal project and write down the investment if it is found to be violating sanctions imposed by the United States, the company said on Tuesday.
"In a scenario wherein, Myanmar is classified as a sanctioned country under the Office of Foreign Assets Control (OFAC), or if OFAC opines that the project violates the current sanctions, APSEZ plans to abandon the project and write down the investments," the company said in its fourth-quarter earnings presentation on Tuesday.
"The write-down will not materially impact APSEZ, as it is equivalent to about 1.3% of the total assets," Adani Ports said, adding that it is in discussion with US-based counsels Morrison Foerster to ensure compliance with the OFAC sanctions.
Adani Ports had in May 2019 announced its intent to set up a container terminal at Yangon, Myanmar, and entered through a lease agreement with the democratically elected government. Adani Ports invested $127 million in the project which provides employment to 300-350 people, the company said.
Meanwhile, APSEZ saw its net profit for the March quarter zoom nearly four times to ₹1,287 crore from ₹334 crore in the same quarter last year.
The company handled the highest ever container volume of 7.2 million of twenty-foot equivalent units (TEUs) during the year and achieved a market share of 41%, a gain of 5%. Mundra Port continues to be the largest container handling port in India and handled 5.66 million TEUs which is almost nearly one million TEUs more than JNPT.
Another Adani Group company, Adani Total Gas saw its net profit rise 19% to ₹145 crore in the quarter ended March 2021 as against ₹122 crore during the corresponding previous quarter."
Could abandon Myanmar Project: Adani Ports
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Last edited by OhOh; 06-05-2021 at 02:06 PM.
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