Myanmar police shot and killed one protester on Sunday and wounded several as they cracked down in a bid to end weeks of demonstrations against a February 1 military coup, a politician and media said.
Police opened fire in the town of Dawei, killing one and wounding several, politician Kyaw Min Htike told Reuters from the southern town. The Dawei Watch media outlet also said one person was killed and more than a dozen wounded.
Police and the spokesman for the ruling military council did not respond to phone calls seeking comment.
Myanmar was thrown into chaos when the army seized power and detained elected government leader Aung San Suu Kyi and much of her party leadership, alleging fraud in a November election her party won in a landslide.
The coup, which stalled Myanmar's progress towards democracy after nearly 50 years of military rule, has brought hundreds of thousands of protesters on to the streets and drawn condemnation from Western countries, with some imposing limited sanctions.
In the main city of Yangon, several people, some bleeding heavily, were helped away from protests, images posted by media showed.
It was not clear how they were hurt but media reported live fire. The Myanmar Now media group said people had been "gunned down", but it did not elaborate.
Police also threw stun grenades, used teargas and fired into the air, witnesses said.
Junta leader General Min Aung Hlaing has said authorities have been using minimal force to deal with the protests.
Nevertheless, at least three protesters have died over the days of turmoil. The army said a policeman has been killed in the unrest.
'RUNNING'
Police were out early on Sunday taking positions at main protest sites in Yangon as protesters, many clad in protective gear, began to congregate, witnesses said.
They moved swiftly to break up crowds.
"Police got out of their cars and started throwing stun grenades without warning," said Hayman May Hninsi, who was with a group of fellow teachers in Yangon. They fled to nearby buildings.
"Some teachers got hurt running."
Doctors and students in white lab coats fled as police threw stun grenades outside a medical school elsewhere in the city, posted video showed.
Police in the second city of Mandalay fired guns into the air, trapping protesting medical staff in a city hospital, a doctor there said by telephone.
The crackdown appears to indicate a determination by the military to impose its authority in the face of widespread defiance, not just on the streets but more broadly, in areas such as the civil service, municipal administration, the education and health sectors and media.
Saturday brought disturbances in towns and cities nationwide as police began their bid to crush the protests with teargas, stun grenades and by shooting into the air.
State-run MRTV television said more than 470 people had been arrested on Saturday. It said police had given warnings before using stun grenades to disperse people.
'INSTIL FEAR'
Youth activist Esther Ze Naw said people were battling to overcome the fear they had lived with for a long time.
"This fear will only grow if we keep living with it and the people who are creating the fear know that. It's obvious they're trying to instil fear in us by making us run and hide," she said. "We can't accept that."
The police action came after state television announced that Myanmar's UN envoy had been fired for betraying the country after he urged the United Nations to use "any means necessary" to reverse the coup.
MRTV said he had been fired in accordance with civil service rules because he had "betrayed the country" and "abused the power and responsibilities of an ambassador".
The ambassador, Kyaw Moe Tun, was defiant.
"I decided to fight back as long as I can," Kyaw Moe Tun told Reuters in New York.
UN Special Rapporteur Tom Andrews said he was overwhelmed by the ambassador's "act of courage", adding on Twitter, "It's time for the world to answer that courageous call with action."
Myanmar's generals have traditionally shrugged off diplomatic pressure. They have promised to hold a new election but not set a date.
Ms Suu Kyi's party and supporters said the result of the November vote must be respected.
Ms Suu Kyi, 75, spent nearly 15 years under house arrest during military rule. She faces charges of illegally importing six walkie-talkie radios and of violating a natural disaster law by breaching coronavirus protocols.
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
The biog
Favourite film: Motorcycle Dairies, Monsieur Hulot’s Holiday, Kagemusha
Favourite book: One Hundred Years of Solitude
Holiday destination: Sri Lanka
First car: VW Golf
Proudest achievement: Building Robotics Labs at Khalifa University and King’s College London, Daughters
Driverless cars or drones: Driverless Cars
The biog
Prefers vegetables and fish to meat and would choose salad over pizza
Walks daily as part of regular exercise routine
France is her favourite country to visit
Has written books and manuals on women’s education, first aid and health for the family
Family: Husband, three sons and a daughter
Fathiya Nadhari's instructions to her children was to give back to the country
The children worked as young volunteers in social, education and health campaigns
Her motto is to never stop working for the country
More from our neighbourhood series:
More coverage from the Future Forum
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.”
THE SPECS
Engine: 4.4-litre V8
Transmission: Automatic
Power: 530bhp
Torque: 750Nm
Price: Dh535,000
On sale: Now
PETER%20PAN%20%26%20WENDY
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EDavid%20Lowery%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Alexander%20Molony%2C%20Ever%20Anderson%2C%20Joshua%20Pickering%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
'Moonshot'
Director: Chris Winterbauer
Stars: Lana Condor and Cole Sprouse
Rating: 3/5
The specs: 2019 Infiniti QX50
Price, base: Dh138,000 (estimate)
Engine: 2.0L, turbocharged, in-line four-cylinder
Transmission: Continuously variable transmission
Power: 268hp @ 5,600rpm
Torque: 380Nm @ 4,400rpm
Fuel economy: 6.7L / 100km (estimate)