Demonstrators protest against the military coup in Myanmar. Photo: Reuters
Demonstrators protest against the military coup in Myanmar. Photo: Reuters
Demonstrators protest against the military coup in Myanmar. Photo: Reuters
Demonstrators protest against the military coup in Myanmar. Photo: Reuters

Deadliest fighting in Myanmar since July leaves several villagers dead


  • English
  • Arabic

Fifteen to 20 villagers, including several teenagers, were killed in some of Myanmar’s deadliest fighting since July between government troops and resistance forces.

The fighting near Gangaw township in the northwestern Magway region started on Thursday, AP reported, citing a villager and reports by independent media. It came two days after a call for a nationwide uprising was issued by the National Unity Government, an opposition that seeks to co-ordinate resistance to military rule.

The fighting broke out when more than 100 troops arrived in four military vehicles to secure the area in Myin Thar and five other nearby villages. Members of a lightly armed village self-defence militia fired warning shots but could not stop the soldiers from entering the area. Clashes continued after.

The opposition movement that rose against the army’s February seizure of power from the elected government of Aung San Suu Kyi was initially peaceful, but gradually began fighting back after security forces used deadly force to break up nonviolent protests.

The National Unity Government’s call on Tuesday for a “people’s defensive war” has received an enthusiastic response on social media, but its actual impact on the ground is hard to measure.

Media sympathetic to the opposition reported an outburst of small-scale shootings and sabotage by the resistance, particularly the toppling of cell phone transmission towers.

But similar activities have been happening for several months and details are difficult to independently verify.

The villager who described the new fighting said at least 11 members of the self-defence group were killed, according to what others in his village told him. Photos of what were described to be their bodies circulated widely on the internet on Friday, and were clear enough to be identifiable to those familiar with them.

“We only have handmade guns and percussion lock firearms,” the villager said. “When it rained, the guns became useless. There are many casualties due to the imbalance in weapons.” Myanmar’s government troops are well-equipped with modern weapons and have access to air and artillery support.

The villager said other residents told him most members of the village’s defence force are youths and that five of those killed were ninth and 10th-grade students. A middle-school teacher was also said to have been killed, the villager said.

Members of the more than 2,000 households in the area had fled to the jungle, he added, while soldiers camped in abandoned homes and at the local Buddhist monastery. Four more people were confirmed dead after fighting broke out again on Friday morning, he said, and an unknown number of houses were burned.

Reports by independent media put the death toll among the villagers at 20 or more. Khit Thit Media, an online news service, said it was told by villagers the dead included seven non-combatants, in addition to the militants.

  • A demonstrator gestures near a barricade during a protest against the military coup in Mandalay, Myanmar. Reuters
    A demonstrator gestures near a barricade during a protest against the military coup in Mandalay, Myanmar. Reuters
  • A man carries a sandbag to erect a makeshift barricade, as security forces stage a crackdown on demonstrations by protesters against the military coup, in Mandalay. AFP
    A man carries a sandbag to erect a makeshift barricade, as security forces stage a crackdown on demonstrations by protesters against the military coup, in Mandalay. AFP
  • Demonstrators are seen behind barricades during a protest against the military coup in Mandalay. Reuters
    Demonstrators are seen behind barricades during a protest against the military coup in Mandalay. Reuters
  • Protesters take part in a demonstration against the military coup in the coastal city of Dawei. AFP
    Protesters take part in a demonstration against the military coup in the coastal city of Dawei. AFP
  • Protesters take part in a demonstration against the military coup in the coastal city of Dawei. AFP
    Protesters take part in a demonstration against the military coup in the coastal city of Dawei. AFP
  • Residents release balloons with messages relating to "R2P", or the "Responsibility to Protect" principle that the international community is justified in taking action against a state that is deemed to have failed to protect its population from atrocities, in Yangon's Hlaing township. AFP
    Residents release balloons with messages relating to "R2P", or the "Responsibility to Protect" principle that the international community is justified in taking action against a state that is deemed to have failed to protect its population from atrocities, in Yangon's Hlaing township. AFP
  • A resident receives medical attention after being injured during a crackdown by security forces on demonstrations by protesters against the military coup, in Mandalay. AFP
    A resident receives medical attention after being injured during a crackdown by security forces on demonstrations by protesters against the military coup, in Mandalay. AFP
  • Anti-coup protesters flash three-fingered gesture, a symbol of resistance, during a rally outside their homes in downtown Yangon, Myanmar. AP Photo
    Anti-coup protesters flash three-fingered gesture, a symbol of resistance, during a rally outside their homes in downtown Yangon, Myanmar. AP Photo
  • A demonstrator looks on along burning debris during a protest against the military coup in Mandalay. EPA
    A demonstrator looks on along burning debris during a protest against the military coup in Mandalay. EPA
  • Medical volunteers carry an injured protester who was shot during a demonstration against the military coup in Mandalay. Reuters
    Medical volunteers carry an injured protester who was shot during a demonstration against the military coup in Mandalay. Reuters
  • Protesters with flags take part in a demonstration against the military coup as they ride scooters through a rural part of Launglone township in Myanmar's Dawei district. AFP
    Protesters with flags take part in a demonstration against the military coup as they ride scooters through a rural part of Launglone township in Myanmar's Dawei district. AFP
  • The mother of Aung Kaung Htet wails while mourning during a funeral for Aung, 15, who was killed when military junta forces opened fire on anti-coup protesters in Yangon. Getty Images
    The mother of Aung Kaung Htet wails while mourning during a funeral for Aung, 15, who was killed when military junta forces opened fire on anti-coup protesters in Yangon. Getty Images
  • Mourners hold up the three-finger salute as they carry the coffin during the funeral of teenage protester Aung Kaung Htet in Yangon. AFP
    Mourners hold up the three-finger salute as they carry the coffin during the funeral of teenage protester Aung Kaung Htet in Yangon. AFP
  • Protesters take cover during clashes with security forces in Monywa. Reuters
    Protesters take cover during clashes with security forces in Monywa. Reuters
  • Medical staff and students take part in an early morning protest against the military coup and crackdown by security forces on demonstrations in Mandalay. AFP
    Medical staff and students take part in an early morning protest against the military coup and crackdown by security forces on demonstrations in Mandalay. AFP

According to the Assistance Association for Political Prisoners, an independent organisation that keeps detailed tallies of people killed or detained by the military government, there have been 1,058 activists and bystanders killed since February’s army takeover.

The government this week claimed resistance forces have been responsible for the deaths of 933 people, reported Popular News, citing Deputy Home Minister Gen Soe Tint Naing.

In a Thursday briefing for foreign diplomats also attended by the news service, Soe Tint Naing said those killed included security personnel, civil servants and people believed by the resistance to be government informers.

Avatar: Fire and Ash

Director: James Cameron

Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana

Rating: 4.5/5

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.”

ONCE UPON A TIME IN GAZA

Starring: Nader Abd Alhay, Majd Eid, Ramzi Maqdisi

Directors: Tarzan and Arab Nasser

Rating: 4.5/5

Guide to intelligent investing
Investing success often hinges on discipline and perspective. As markets fluctuate, remember these guiding principles:
  • Stay invested: Time in the market, not timing the market, is critical to long-term gains.
  • Rational thinking: Breathe and avoid emotional decision-making; let logic and planning guide your actions.
  • Strategic patience: Understand why you’re investing and allow time for your strategies to unfold.
 
 
How has net migration to UK changed?

The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.

It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.

The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.

The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.

England v South Africa Test series:

First Test: at Lord's, England won by 211 runs

Second Test: at Trent Bridge, South Africa won by 340 runs

Third Test: at The Oval, July 27-31

Fourth Test: at Old Trafford, August 4-8

The 12 breakaway clubs

England

Arsenal, Chelsea, Liverpool, Manchester City, Manchester United, Tottenham Hotspur

Italy
AC Milan, Inter Milan, Juventus

Spain
Atletico Madrid, Barcelona, Real Madrid

THE SPECS

Aston Martin Rapide AMR

Engine: 6.0-litre V12

Transmission: Touchtronic III eight-speed automatic

Power: 595bhp

Torque: 630Nm

Price: Dh999,563

The specs

Engine: 2.0-litre 4-cylinder turbo

Power: 240hp at 5,500rpm

Torque: 390Nm at 3,000rpm

Transmission: eight-speed auto

Price: from Dh122,745

On sale: now

Electoral College Victory

Trump has so far secured 295 Electoral College votes, according to the Associated Press, exceeding the 270 needed to win. Only Nevada and Arizona remain to be called, and both swing states are leaning Republican. Trump swept all five remaining swing states, North Carolina, Georgia, Pennsylvania, Michigan and Wisconsin, sealing his path to victory and giving him a strong mandate. 

 

Popular Vote Tally

The count is ongoing, but Trump currently leads with nearly 51 per cent of the popular vote to Harris’s 47.6 per cent. Trump has over 72.2 million votes, while Harris trails with approximately 67.4 million.

UK’s AI plan
  • AI ambassadors such as MIT economist Simon Johnson, Monzo cofounder Tom Blomfield and Google DeepMind’s Raia Hadsell
  • £10bn AI growth zone in South Wales to create 5,000 jobs
  • £100m of government support for startups building AI hardware products
  • £250m to train new AI models
Generational responses to the pandemic

Devesh Mamtani from Century Financial believes the cash-hoarding tendency of each generation is influenced by what stage of the employment cycle they are in. He offers the following insights:

Baby boomers (those born before 1964): Owing to market uncertainty and the need to survive amid competition, many in this generation are looking for options to hoard more cash and increase their overall savings/investments towards risk-free assets.

Generation X (born between 1965 and 1980): Gen X is currently in its prime working years. With their personal and family finances taking a hit, Generation X is looking at multiple options, including taking out short-term loan facilities with competitive interest rates instead of dipping into their savings account.

Millennials (born between 1981 and 1996): This market situation is giving them a valuable lesson about investing early. Many millennials who had previously not saved or invested are looking to start doing so now.

Company%20profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20FinFlx%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20January%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Amr%20Yussif%20(co-founder%20and%20CEO)%2C%20Mattieu%20Capelle%20(co-founder%20and%20CTO)%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%20in%3A%3C%2Fstrong%3E%20Dubai%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%20size%3A%3C%2Fstrong%3E%20%241.5m%20pre-seed%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Venture%20capital%20-%20Y%20Combinator%2C%20500%20Global%2C%20Dubai%20Future%20District%20Fund%2C%20Fox%20Ventures%2C%20Vector%20Fintech.%20Also%20a%20number%20of%20angel%20investors%3C%2Fp%3E%0A
Why your domicile status is important

Your UK residence status is assessed using the statutory residence test. While your residence status – ie where you live - is assessed every year, your domicile status is assessed over your lifetime.

Your domicile of origin generally comes from your parents and if your parents were not married, then it is decided by your father. Your domicile is generally the country your father considered his permanent home when you were born. 

UK residents who have their permanent home ("domicile") outside the UK may not have to pay UK tax on foreign income. For example, they do not pay tax on foreign income or gains if they are less than £2,000 in the tax year and do not transfer that gain to a UK bank account.

A UK-domiciled person, however, is liable for UK tax on their worldwide income and gains when they are resident in the UK.

Lexus LX700h specs

Engine: 3.4-litre twin-turbo V6 plus supplementary electric motor

Power: 464hp at 5,200rpm

Torque: 790Nm from 2,000-3,600rpm

Transmission: 10-speed auto

Fuel consumption: 11.7L/100km

On sale: Now

Price: From Dh590,000

Desert Warrior

Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley

Director: Rupert Wyatt

Rating: 3/5

UAE v Ireland

1st ODI, UAE win by 6 wickets

2nd ODI, January 12

3rd ODI, January 14

4th ODI, January 16

Updated: September 11, 2021, 7:38 AM