Seized weapons of the Myanmar army with the photo of Senior Gen Min Aung Hlaing in a rebel outpost in Shan state this month. The Tatmadaw has faced severe setbacks in recent weeks. AP
Seized weapons of the Myanmar army with the photo of Senior Gen Min Aung Hlaing in a rebel outpost in Shan state this month. The Tatmadaw has faced severe setbacks in recent weeks. AP
Seized weapons of the Myanmar army with the photo of Senior Gen Min Aung Hlaing in a rebel outpost in Shan state this month. The Tatmadaw has faced severe setbacks in recent weeks. AP
Seized weapons of the Myanmar army with the photo of Senior Gen Min Aung Hlaing in a rebel outpost in Shan state this month. The Tatmadaw has faced severe setbacks in recent weeks. AP


Is Myanmar's ruling military on the brink of collapse?


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November 23, 2023

It wasn’t too long after Myanmar’s military took over in a coup in February 2021, that it appeared as though the country was back to a grim sort of “business as usual”.

The Tatmadaw, as the armed forces are known, had, after all, run the country ever since Gen Ne Win took over in 1962, remaining the power behind the throne even during the years after 2010 when Myanmar had elections and appeared to be becoming a democracy.

The overthrowing of the civilian government led by Aung San Suu Kyi put paid to that experiment, a change that the world would have been far more outraged about had Ms Suu Kyi’s government not been complicit in the ethnic cleansing of the Rohingya in the country’s west, primarily from late 2016 onwards.

The Association of South-East Asian Nations (Asean), to which Myanmar was admitted in 1997 with at least the expectation that moving towards democracy was the quid pro quo for joining, came up with a Five-Point Consensus within two months of the coup in 2021 – which counts as extremely swift action for a regional grouping often criticised for moving with the alacrity of a tortoise.

It was a sensible plan, calling for an immediate cessation of violence, constructive dialogue, the appointment of a special Asean envoy, and the sending of humanitarian assistance by the group. By this July, however, Asean was still insisting that the Five-Point Consensus must be the basis for peace, even though there had been next to nothing to show for it so far, while the UN estimates that nearly two million people have been internally displaced since the coup and thousands have been killed.

Smoke and fires at Thantlang in Chin State, where more than 160 buildings were allegedly destroyed by shelling from Myanmar troops in October 2021. The country has been beset with armed conflict for decades. AFP
Smoke and fires at Thantlang in Chin State, where more than 160 buildings were allegedly destroyed by shelling from Myanmar troops in October 2021. The country has been beset with armed conflict for decades. AFP
Of far greater significance was what Myanmar’s President did not say: that the Tatmadaw was not just facing its greatest challenge since the 2021 coup

It appeared as though some form of status quo ante had returned. The Tatmadaw had always seemed to be so strong and so brutal that they were the only national institution that could keep the country together, or as together as it ever was with an array of ethnic armed independence movements conducting insurgencies on and off ever since independence in 1948.

So when the country’s military-appointed President, Myint Swe, warned in early November that an offensive against the Tatmadaw last month by the recently formed Three Brotherhood Alliance could lead to Myanmar being “split into various parts”, some thought this was a self-serving call for support for the junta. It may have been that. Of far greater significance was what the country’s President did not say: that the Tatmadaw was not just facing its greatest challenge since the 2021 coup.

No, according to the analyst and former political prisoner Wai Moe, “2023 may be recorded as the worst year experienced by the Myanmar army since the 1960s”. Another longtime Myanmar watcher, David Mathieson, put the date even further back: “I think that this is probably the most dire situation the military’s faced ... since independence in 1948.”

What happened on October 27, when the alliance of three armed ethnic groups launched co-ordinated attacks in the north of the country, may have set rows of dominoes in motion.

The Three Brotherhood Alliance, which is “dedicated to eradicating the oppressive military dictatorship”, took over nearly 150 outposts, capturing weapons and ammunition, and killed hundreds of Tatmadaw soldiers. Rebel militias in the west, east and south-east have also launched attacks, including at least one, the Arakan Army, which broke a ceasefire with the junta to do so.

Since then, it has been reported that hundreds have been deserting from the state military, which in any case was by this year only estimated to control about 50 per cent of the country’s territory.

“Most regime troops have lost the will to fight. They choose to throw down their weapons in the face of our co-ordinated attacks,” read a statement issued by the Myanmar National Democratic Alliance Army, part of the Three Brotherhood Alliance earlier this month.

With the ethnic armed groups increasingly aligned with the opposition National Unity Government, the ruling military is under pressure as never before.

Children release lanterns during the Tazaungdaing festival in Shan state. The usually riotous festival was muted this year amid a heavy presence of Myanmar security personnel in recent weeks. AFP
Children release lanterns during the Tazaungdaing festival in Shan state. The usually riotous festival was muted this year amid a heavy presence of Myanmar security personnel in recent weeks. AFP

Its leader, Senior Gen Min Aung Hlaing, may count on longstanding ties with Russia, but Moscow was so preoccupied with the war in Ukraine that it failed to intervene on its ally Armenia’s behalf in the fight over Nagorno-Karabakh in September. China has the capacity to exert almost certainly decisive pressure, but it had good relations with Ms Suu Kyi’s government, and after the 2021 coup its ambassador to Myanmar said that current developments were “absolutely not what China wants to see”.

Change from within – which is what international opponents of Myanmar’s various military governments always hoped for – may be closer than ever, although Min Aung Hlaing has promised counter-attacks and has already ordered air strikes on rebel positions.

It may be too soon to predict the imminent demise of the junta. The Tatmadaw leadership will be determined to reassert control, and it will fight to whatever end it comes to.

But Asean and the UN need to be prepared for a different future, for a Myanmar possibly without the force that has always been determined to bind together the “Union of Burma”, as it used to be known. The country would also be in need of a huge exercise in reconstruction and national reconciliation.

Lessons could be learned from the experience of the UN Transitional Authority in Cambodia, which was set up in 1991 with the aim of restoring peace and a civil government after decades of civil war.

Whatever happens, as a country that has arguably suffered far longer from internal strife, Myanmar certainly deserves peace – and a government that all could agree deserves the description “civil”.

How to keep control of your emotions

If your investment decisions are being dictated by emotions such as fear, greed, hope, frustration and boredom, it is time for a rethink, Chris Beauchamp, chief market analyst at online trading platform IG, says.

Greed

Greedy investors trade beyond their means, open more positions than usual or hold on to positions too long to chase an even greater gain. “All too often, they incur a heavy loss and may even wipe out the profit already made.

Tip: Ignore the short-term hype, noise and froth and invest for the long-term plan, based on sound fundamentals.

Fear

The risk of making a loss can cloud decision-making. “This can cause you to close out a position too early, or miss out on a profit by being too afraid to open a trade,” he says.

Tip: Start with a plan, and stick to it. For added security, consider placing stops to reduce any losses and limits to lock in profits.

Hope

While all traders need hope to start trading, excessive optimism can backfire. Too many traders hold on to a losing trade because they believe that it will reverse its trend and become profitable.

Tip: Set realistic goals. Be happy with what you have earned, rather than frustrated by what you could have earned.

Frustration

Traders can get annoyed when the markets have behaved in unexpected ways and generates losses or fails to deliver anticipated gains.

Tip: Accept in advance that asset price movements are completely unpredictable and you will suffer losses at some point. These can be managed, say, by attaching stops and limits to your trades.

Boredom

Too many investors buy and sell because they want something to do. They are trading as entertainment, rather than in the hope of making money. As well as making bad decisions, the extra dealing charges eat into returns.

Tip: Open an online demo account and get your thrills without risking real money.

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Favourite book: ‘The Art of Learning’ by Josh Waitzkin

Favourite film: Marvel movies

Favourite parkour spot in Dubai: Residence towers in Jumeirah Beach Residence

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

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%3Cp%3E%3Cstrong%3EDeveloper%3A%3C%2Fstrong%3E%20Sucker%20Punch%20Productions%3Cbr%3E%3Cstrong%3EPublisher%3A%3C%2Fstrong%3E%20Sony%20Computer%20Entertainment%3Cbr%3E%3Cstrong%3EConsole%3A%3C%2Fstrong%3E%20PlayStation%202%20to%205%3Cbr%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%205%2F5%3C%2Fp%3E%0A
Groom and Two Brides

Director: Elie Semaan

Starring: Abdullah Boushehri, Laila Abdallah, Lulwa Almulla

Rating: 3/5

Why it pays to compare

A comparison of sending Dh20,000 from the UAE using two different routes at the same time - the first direct from a UAE bank to a bank in Germany, and the second from the same UAE bank via an online platform to Germany - found key differences in cost and speed. The transfers were both initiated on January 30.

Route 1: bank transfer

The UAE bank charged Dh152.25 for the Dh20,000 transfer. On top of that, their exchange rate margin added a difference of around Dh415, compared with the mid-market rate.

Total cost: Dh567.25 - around 2.9 per cent of the total amount

Total received: €4,670.30 

Route 2: online platform

The UAE bank’s charge for sending Dh20,000 to a UK dirham-denominated account was Dh2.10. The exchange rate margin cost was Dh60, plus a Dh12 fee.

Total cost: Dh74.10, around 0.4 per cent of the transaction

Total received: €4,756

The UAE bank transfer was far quicker – around two to three working days, while the online platform took around four to five days, but was considerably cheaper. In the online platform transfer, the funds were also exposed to currency risk during the period it took for them to arrive.

Nancy 9 (Hassa Beek)

Nancy Ajram

(In2Musica)

Padmaavat

Director: Sanjay Leela Bhansali

Starring: Ranveer Singh, Deepika Padukone, Shahid Kapoor, Jim Sarbh

3.5/5

Brief scoreline:

Liverpool 2

Mane 51', Salah 53'

Chelsea 0

Man of the Match: Mohamed Salah (Liverpool)

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Updated: November 23, 2023, 2:30 PM