People line up for food aid in Sagaing, near the epicentre of the earthquake that struck Myanmar on March 28. AFP
People line up for food aid in Sagaing, near the epicentre of the earthquake that struck Myanmar on March 28. AFP
People line up for food aid in Sagaing, near the epicentre of the earthquake that struck Myanmar on March 28. AFP
People line up for food aid in Sagaing, near the epicentre of the earthquake that struck Myanmar on March 28. AFP

Myanmar junta declares temporary truce for quake relief efforts


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Myanmar's ruling military has declared a temporary ceasefire with insurgent groups until April 22 to enable relief efforts following last week's deadly earthquake, state-run media reported.

The temporary ceasefire, announced by the MRTV channel in its nightly news bulletin on Wednesday, follows criticism of the military leadership for continuing attacks on rebel groups amid rescue and relief operations for survivors of the 7.7 magnitude earthquake that struck on Friday.

The death toll rose to 2,886 on Wednesday in Myanmar, with another 4,639 injured, according to MRTV. More than three million people have been displaced, according to the United Nations.

Two of the major groups fighting the military had already declared ceasefires because of the earthquake. The Three Brotherhood Alliance, one of a powerful group of militias that has taken a large swathe of the country from the military, announced a unilateral one-month ceasefire on Tuesday to facilitate the humanitarian response. The shadow opposition National Unity Government, founded by lawmakers ousted in the military's 2021 coup, also declared a ceasefire by its forces.

The army statement announcing its ceasefire said these groups must refrain from attacking the state or regrouping, or else the military would take “necessary” measures, MRTV said.

Countries have sent rescue teams and aid to Myanmar, which had been become internationally isolated following the coup. At least three people were pulled alive from the rubble of collapsed buildings on Wednesday.

  • Aid donated by India to its earthquake-hit neighbour Myanmar upon its arrival at the Thilawa Port along the Yangon river. AFP
    Aid donated by India to its earthquake-hit neighbour Myanmar upon its arrival at the Thilawa Port along the Yangon river. AFP
  • Trucks carrying relief supplies for the earthquake victims drive on the road in Yangon-Mandalay highway road, Bago region, Myanmar. EPA
    Trucks carrying relief supplies for the earthquake victims drive on the road in Yangon-Mandalay highway road, Bago region, Myanmar. EPA
  • Rescue workers stand on the street next to a collapsed building in Mandalay. AFP
    Rescue workers stand on the street next to a collapsed building in Mandalay. AFP
  • Catholic nuns joins others as they hold candles while offering prayers for the country and also victims of the recent earthquake in Myanmar after a religious procession in observance of lent, in Quezon city, Philippines. AP
    Catholic nuns joins others as they hold candles while offering prayers for the country and also victims of the recent earthquake in Myanmar after a religious procession in observance of lent, in Quezon city, Philippines. AP
  • People queue for water from a donation water truck following a strong earthquake in Pyawbwe township, Mandalay, Myanmar. Reuters
    People queue for water from a donation water truck following a strong earthquake in Pyawbwe township, Mandalay, Myanmar. Reuters
  • Activists hold up pictures of Myanmar's junta leader Min Aung Hlaing during a protest against his visit to Thailand and attending the 6th BIMSTEC Summit in Bangkok, Thailand on Friday. Reuters
    Activists hold up pictures of Myanmar's junta leader Min Aung Hlaing during a protest against his visit to Thailand and attending the 6th BIMSTEC Summit in Bangkok, Thailand on Friday. Reuters
  • People queue for food and relief supplies in Amarapura, Myanmar. Reuters
    People queue for food and relief supplies in Amarapura, Myanmar. Reuters
  • Bhutanese medical volunteers look at the chest scan of a patient at a make-shift tent in Naypyitaw, Myanmar. AP
    Bhutanese medical volunteers look at the chest scan of a patient at a make-shift tent in Naypyitaw, Myanmar. AP
  • Work on a collapsed building in Bangkok after a strong earthquake with its epicentre in Myanmar hit the region on March 28. Reuters
    Work on a collapsed building in Bangkok after a strong earthquake with its epicentre in Myanmar hit the region on March 28. Reuters
  • The collapsed Ava Bridge over the Irrawaddy River in Sagaing, Myanmar. AFP
    The collapsed Ava Bridge over the Irrawaddy River in Sagaing, Myanmar. AFP
  • Rescue teams from Indonesia prepare to leave for Myanmar. AFP
    Rescue teams from Indonesia prepare to leave for Myanmar. AFP
  • A dog unit works at the site of an under-construction high-rise building that collapsed in Bangkok. AP
    A dog unit works at the site of an under-construction high-rise building that collapsed in Bangkok. AP
  • Chinese rescuers search for earthquake victims at the collapsed Sky Villa in Mandalay, Myanmar. EPA
    Chinese rescuers search for earthquake victims at the collapsed Sky Villa in Mandalay, Myanmar. EPA
  • A worker transports the body of a victim to be buried at the Aye Yate Nyein Cemetery in Mandalay. AFP
    A worker transports the body of a victim to be buried at the Aye Yate Nyein Cemetery in Mandalay. AFP
  • A combination picture of satellite images of the tower in Bangkok, Thailand taken on December 25, 2024 and after it collapsed during an earthquake on March 28. Reuters
    A combination picture of satellite images of the tower in Bangkok, Thailand taken on December 25, 2024 and after it collapsed during an earthquake on March 28. Reuters
  • People queue for relief supplies near the earthquake's epicentre, in Sagaing, Myanmar. Reuters
    People queue for relief supplies near the earthquake's epicentre, in Sagaing, Myanmar. Reuters
  • A collapsed bridge near the epicentre in Sagaing. Reuters
    A collapsed bridge near the epicentre in Sagaing. Reuters
  • Rescuers work to find residents trapped under the rubble of the collapsed Sky Villa Condominium development in Mandalay, Myanmar. AFP
    Rescuers work to find residents trapped under the rubble of the collapsed Sky Villa Condominium development in Mandalay, Myanmar. AFP
  • Rescue workers assess a building that collapsed in Bangkok. EPA
    Rescue workers assess a building that collapsed in Bangkok. EPA
  • Rescuers search for survivors in the rubble of the Sky Villa Condominium building in Mandalay. AFP
    Rescuers search for survivors in the rubble of the Sky Villa Condominium building in Mandalay. AFP
  • A health worker helps a fainted rescuer at the Sky Villa. EPA
    A health worker helps a fainted rescuer at the Sky Villa. EPA
  • A Cambodian woman wipes her tear while waiting for news of her missing brother and sister-in-law at the site of an under-construction building collapse in Bangkok. AFP
    A Cambodian woman wipes her tear while waiting for news of her missing brother and sister-in-law at the site of an under-construction building collapse in Bangkok. AFP
  • Muslims offer morning prayers to start the Eid Al Fitr festival, marking the end of Ramadan, on a road near demolished mosques in Mandalay. AFP
    Muslims offer morning prayers to start the Eid Al Fitr festival, marking the end of Ramadan, on a road near demolished mosques in Mandalay. AFP

In the capital, Naypyitaw, a team of Turkish and local rescue workers used an endoscopic camera to locate a man trapped on a lower floor of the hotel where he worked and pulled him out alive. MRTV reported later that another man was pulled out alive from the same building, more than 121 hours after the quake struck.

Another man was rescued by a team of Malaysian and local crews from a collapsed guesthouse in the Sagaing township, near the epicentre of the earthquake, close to Myanmar's second-largest city Mandalay.

The earthquake also rocked neighbouring Thailand, causing the collapse of a high-rise building under construction in Bangkok. One body was removed from the rubble early on Wednesday, raising the death toll in Bangkok to 22 with 35 injured, primarily at the construction site.

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

What can victims do?

Always use only regulated platforms

Stop all transactions and communication on suspicion

Save all evidence (screenshots, chat logs, transaction IDs)

Report to local authorities

Warn others to prevent further harm

Courtesy: Crystal Intelligence

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

SERIES INFO

Schedule:
All matches at the Harare Sports Club
1st ODI, Wed Apr 10
2nd ODI, Fri Apr 12
3rd ODI, Sun Apr 14
4th ODI, Sun Apr 16

UAE squad
Mohammed Naveed (captain), Rohan Mustafa, Ashfaq Ahmed, Shaiman Anwar, Mohammed Usman, CP Rizwan, Chirag Suri, Mohammed Boota, Ghulam Shabber, Sultan Ahmed, Imran Haider, Amir Hayat, Zahoor Khan, Qadeer Ahmed

Zimbabwe squad
Peter Moor (captain), Solomon Mire, Brian Chari, Regis Chakabva, Sean Williams, Timycen Maruma, Sikandar Raza, Donald Tiripano, Kyle Jarvis, Tendai Chatara, Chris Mpofu, Craig Ervine, Brandon Mavuta, Ainsley Ndlovu, Tony Munyonga, Elton Chigumbura

Miss Granny

Director: Joyce Bernal

Starring: Sarah Geronimo, James Reid, Xian Lim, Nova Villa

3/5

(Tagalog with Eng/Ar subtitles)

Conflict, drought, famine

Estimates of the number of deaths caused by the famine range from 400,000 to 1 million, according to a document prepared for the UK House of Lords in 2024.
It has been claimed that the policies of the Ethiopian government, which took control after deposing Emperor Haile Selassie in a military-led revolution in 1974, contributed to the scale of the famine.
Dr Miriam Bradley, senior lecturer in humanitarian studies at the University of Manchester, has argued that, by the early 1980s, “several government policies combined to cause, rather than prevent, a famine which lasted from 1983 to 1985. Mengistu’s government imposed Stalinist-model agricultural policies involving forced collectivisation and villagisation [relocation of communities into planned villages].
The West became aware of the catastrophe through a series of BBC News reports by journalist Michael Buerk in October 1984 describing a “biblical famine” and containing graphic images of thousands of people, including children, facing starvation.

Band Aid

Bob Geldof, singer with the Irish rock group The Boomtown Rats, formed Band Aid in response to the horrific images shown in the news broadcasts.
With Midge Ure of the band Ultravox, he wrote the hit charity single Do They Know it’s Christmas in December 1984, featuring a string of high-profile musicians.
Following the single’s success, the idea to stage a rock concert evolved.
Live Aid was a series of simultaneous concerts that took place at Wembley Stadium in London, John F Kennedy Stadium in Philadelphia, the US, and at various other venues across the world.
The combined event was broadcast to an estimated worldwide audience of 1.5 billion.

The%20Genius%20of%20Their%20Age
%3Cp%3EAuthor%3A%20S%20Frederick%20Starr%3Cbr%3EPublisher%3A%20Oxford%20University%20Press%3Cbr%3EPages%3A%20290%3Cbr%3EAvailable%3A%20January%2024%3C%2Fp%3E%0A

GOLF’S RAHMBO

- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)

The%20end%20of%20Summer
%3Cp%3EAuthor%3A%20Salha%20Al%20Busaidy%3C%2Fp%3E%0A%3Cp%3EPages%3A%20316%3C%2Fp%3E%0A%3Cp%3EPublisher%3A%20The%20Dreamwork%20Collective%C2%A0%3C%2Fp%3E%0A
Specs

Engine: Dual-motor all-wheel-drive electric

Range: Up to 610km

Power: 905hp

Torque: 985Nm

Price: From Dh439,000

Available: Now

SPEC%20SHEET%3A%20APPLE%20M3%20MACBOOK%20AIR%20(13%22)
%3Cp%3E%3Cstrong%3EProcessor%3A%3C%2Fstrong%3E%20Apple%20M3%2C%208-core%20CPU%2C%20up%20to%2010-core%20CPU%2C%2016-core%20Neural%20Engine%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EDisplay%3A%3C%2Fstrong%3E%2013.6-inch%20Liquid%20Retina%2C%202560%20x%201664%2C%20224ppi%2C%20500%20nits%2C%20True%20Tone%2C%20wide%20colour%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EMemory%3A%3C%2Fstrong%3E%208%2F16%2F24GB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStorage%3A%3C%2Fstrong%3E%20256%2F512GB%20%2F%201%2F2TB%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EI%2FO%3A%3C%2Fstrong%3E%20Thunderbolt%203%2FUSB-4%20(2)%2C%203.5mm%20audio%2C%20Touch%20ID%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EConnectivity%3A%3C%2Fstrong%3E%20Wi-Fi%206E%2C%20Bluetooth%205.3%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBattery%3A%3C%2Fstrong%3E%2052.6Wh%20lithium-polymer%2C%20up%20to%2018%20hours%2C%20MagSafe%20charging%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ECamera%3A%3C%2Fstrong%3E%201080p%20FaceTime%20HD%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EVideo%3A%3C%2Fstrong%3E%20Support%20for%20Apple%20ProRes%2C%20HDR%20with%20Dolby%20Vision%2C%20HDR10%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EAudio%3A%3C%2Fstrong%3E%204-speaker%20system%2C%20wide%20stereo%2C%20support%20for%20Dolby%20Atmos%2C%20Spatial%20Audio%20and%20dynamic%20head%20tracking%20(with%20AirPods)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EColours%3A%3C%2Fstrong%3E%20Midnight%2C%20silver%2C%20space%20grey%2C%20starlight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIn%20the%20box%3A%3C%2Fstrong%3E%20MacBook%20Air%2C%2030W%2F35W%20dual-port%2F70w%20power%20adapter%2C%20USB-C-to-MagSafe%20cable%2C%202%20Apple%20stickers%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EPrice%3A%3C%2Fstrong%3E%20From%20Dh4%2C599%3C%2Fp%3E%0A
What drives subscription retailing?

Once the domain of newspaper home deliveries, subscription model retailing has combined with e-commerce to permeate myriad products and services.

The concept has grown tremendously around the world and is forecast to thrive further, according to UnivDatos Market Insights’ report on recent and predicted trends in the sector.

The global subscription e-commerce market was valued at $13.2 billion (Dh48.5bn) in 2018. It is forecast to touch $478.2bn in 2025, and include the entertainment, fitness, food, cosmetics, baby care and fashion sectors.

The report says subscription-based services currently constitute “a small trend within e-commerce”. The US hosts almost 70 per cent of recurring plan firms, including leaders Dollar Shave Club, Hello Fresh and Netflix. Walmart and Sephora are among longer established retailers entering the space.

UnivDatos cites younger and affluent urbanites as prime subscription targets, with women currently the largest share of end-users.

That’s expected to remain unchanged until 2025, when women will represent a $246.6bn market share, owing to increasing numbers of start-ups targeting women.

Personal care and beauty occupy the largest chunk of the worldwide subscription e-commerce market, with changing lifestyles, work schedules, customisation and convenience among the chief future drivers.

How to get there

Emirates (www.emirates.com) flies directly to Hanoi, Vietnam, with fares starting from around Dh2,725 return, while Etihad (www.etihad.com) fares cost about Dh2,213 return with a stop. Chuong is 25 kilometres south of Hanoi.
 

A MINECRAFT MOVIE

Director: Jared Hess

Starring: Jack Black, Jennifer Coolidge, Jason Momoa

Rating: 3/5

Founders: Abdulmajeed Alsukhan, Turki Bin Zarah and Abdulmohsen Albabtain.

Based: Riyadh

Offices: UAE, Vietnam and Germany

Founded: September, 2020

Number of employees: 70

Sector: FinTech, online payment solutions

Funding to date: $116m in two funding rounds  

Investors: Checkout.com, Impact46, Vision Ventures, Wealth Well, Seedra, Khwarizmi, Hala Ventures, Nama Ventures and family offices

Auron Mein Kahan Dum Tha

Starring: Ajay Devgn, Tabu, Shantanu Maheshwari, Jimmy Shergill, Saiee Manjrekar

Director: Neeraj Pandey

Rating: 2.5/5

Red flags
  • Promises of high, fixed or 'guaranteed' returns.
  • Unregulated structured products or complex investments often used to bypass traditional safeguards.
  • Lack of clear information, vague language, no access to audited financials.
  • Overseas companies targeting investors in other jurisdictions - this can make legal recovery difficult.
  • Hard-selling tactics - creating urgency, offering 'exclusive' deals.

Courtesy: Carol Glynn, founder of Conscious Finance Coaching

Polarised public

31% in UK say BBC is biased to left-wing views

19% in UK say BBC is biased to right-wing views

19% in UK say BBC is not biased at all

Source: YouGov

'Cheb%20Khaled'
%3Cp%3E%3Cstrong%3EArtist%3A%20%3C%2Fstrong%3EKhaled%3Cbr%3E%3Cstrong%3ELabel%3A%20%3C%2Fstrong%3EBelieve%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

CHATGPT%20ENTERPRISE%20FEATURES
%3Cp%3E%E2%80%A2%20Enterprise-grade%20security%20and%20privacy%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Unlimited%20higher-speed%20GPT-4%20access%20with%20no%20caps%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Longer%20context%20windows%20for%20processing%20longer%20inputs%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Advanced%20data%20analysis%20capabilities%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Customisation%20options%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shareable%20chat%20templates%20that%20companies%20can%20use%20to%20collaborate%20and%20build%20common%20workflows%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Analytics%20dashboard%20for%20usage%20insights%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Free%20credits%20to%20use%20OpenAI%20APIs%20to%20extend%20OpenAI%20into%20a%20fully-custom%20solution%20for%20enterprises%3C%2Fp%3E%0A
GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

The specs

Engine: 4.0-litre V8 twin-turbocharged and three electric motors

Power: Combined output 920hp

Torque: 730Nm at 4,000-7,000rpm

Transmission: 8-speed dual-clutch automatic

Fuel consumption: 11.2L/100km

On sale: Now, deliveries expected later in 2025

Price: expected to start at Dh1,432,000

Updated: April 02, 2025, 3:23 PM