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China pushes business-as-usual with Myanmar's junta

China pushes business-as-usual with Myanmar's junta
aseantoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aseantoday.com Daily Mail and Mail on Sunday newspapers.

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Total pulls Le Monde ads over report on Myanmar military ties

Total pulls Le Monde ads over report on Myanmar military ties
Issued on:
07/05/2021 - 13:56
Total has come under pressure from pro-democracy activists to stop financing the junta in Myanmar Martin BUREAU AFP/File
2 min
Paris (AFP)
French energy giant Total pulled adverts from Le Monde after it reported that the company was paying gas revenues to Myanmar s military through a tax haven, the newspaper said Thursday.
Total has come under pressure from pro-democracy activists to stop financing the junta since a military coup in February which has been followed by a brutal crackdown on dissent.
The company was due to run several adverts in the French newspaper over the coming weeks, but these were cancelled after it ran an article this week titled Myanmar: How Total finances the generals through offshore accounts . ....

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Myanmar junta bans satellite dishes in media crackdown

Myanmar junta bans satellite dishes in media crackdown
Rebecca Ratcliffe South-east Asia correspondent
© Provided by The Guardian
Photograph: EPA
Myanmar’s military junta has banned satellite dishes, threatening prison sentences for anyone who violates the measure, as it intensifies its crackdown on access to independent news outlets.
The junta, which faces unanimous opposition from the public and has struggled to maintain order, has imposed increasingly tough restrictions on communication since seizing power on 1 February.
Mobile data has been cut for most people for more than 50 days, while broadband access has also been subject to severe restrictions. Several media outlets have been banned but continue to operate in hiding, either publishing online or broadcasting for television. ....

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Calls Grow to Cut Myanmar Junta's External Financial Lifelines

Calls Grow to Cut Myanmar Junta’s External Financial Lifelines
Calls Grow to Cut Myanmar Junta’s External Financial Lifelines
Myanmar soldiers are seen during the Armed Forces Day commemoration in Naypyitaw, the capital of the country, on March 27.
1.3k
By The Irrawaddy 5 May 2021
Tougher action is urgently needed to cut off foreign currency flows to the Myanmar military regime, suggested local and foreign financial experts, who argued that severing its financial lifeline would hasten the collapse of military rule.
“The largest inflows of foreign currency to the military are from the oil and gas and mining sectors. We need to totally shut off the flow of foreign currency that is keeping the junta alive,” a local economist who asked not to be named told The Irrawaddy. ....

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Total shared gas revenue with Myanmar military - report

Getty Images
Myanmar s military has received hundreds of millions of dollars from gas sales through a financial scheme linked to a pipeline exploited by French energy giant Total, a French newspaper reported.
The scheme reduced the amount of royalties received by the state since transporting gas is taxed at a lower rate.
Total said the creation of separate companies to exploit the pipeline and transport the gas was not unusual, adding that similar arrangements exist in the North Sea and other countries.
Myanmar s military has received hundreds of millions of dollars from gas sales through a financial scheme linked to a pipeline exploited by French energy giant Total, a French newspaper reported on Tuesday. ....

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