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When the sun sets in Hong Kong, the sprawling urban metropolis transitions from work to play. Arguably the world's best "bizcation" destination, Hong Kong offers endless activities once business travelers close their laptops for the day. Hong Kong Tourism BoardTo add a bit of mystery into your bizcation, consider exploring Hong Kong's speakeasies. Hong Kong Tourism BoardBut that's not the only attraction lighting up Hong Kong. A memorable bizcation requires a unique blend of work and play — and Hong Kong is the perfect destination to make it happen.
Persons: Hong, Chef Danny Yip, Vicky Cheng, it's, Chai, Noodle, speakeasies, that's, Luna Organizations: Network, Hong Kong's, Argo, Hong Kong Tourism Board, former Marine Police Headquarters, Hong Kong Tourism Board Hong, Insider Studios Locations: Hong Kong, there's, Hong, Wing, Victoria, Clearwater Bay, Tai Hang
Drn/Getty Images Suu Kyi, front center, is seen with her parents and her two elder brothers in 1947. Kyodo News Stills/Getty Images Suu Kyi poses with Burmese comedian Par Par Lay, who was part of the pro-democracy act "The Moustache Brothers." Soe Than Win/AFP/Getty Images Suu Kyi meets US Secretary of State Hillary Clinton at Suu Kyi's residence in Yangon in 2011. Peter Muhly/AFP/Getty Images Suu Kyi is presented with the Congressional Gold Medal while visiting the US Capitol in 2012. U Aung/Xinhua News Agency/Getty Images Suu Kyi addresses the United Nations General Assembly in New York in 2016.
Persons: Aung, Suu, , Kim Aris, Suu Kyi, she’s, ” Aris, CNN’s Anna Coren, , Michael Aris, ” “, Zaw Min Tun, Min Aung Hlaing, Aris, they’ve, Ma Khin Kyi, Par, Karl Malakunas, David Brunnstrom, Jonathan Karp, Price, Luis D'Orey, David Van Der Veen, Jonathan Utz, Michael Wolf, Pornchai Kittiwongsakul, Soe, Hillary Clinton, Paula Bronstein, Minzayar Oo, Kyi, Bono, Peter Muhly, Alex Wong, Barack Obama, Obama, Brendan Smialowski, Chris Ison, Ragnar Singsaas, Romeo Gacad, Lauren DeCicca, Lam Yik Fei, Htin Kyaw, Aung Naing, Min Aung, Aung Htet, Kyaw, Jewel SamadD, John Kerry, Jonathan Ernst, Reuters Suu Kyi, Heath Mitchell, Pope Francis, Elizabeth II, John Stillwell, Mike Pence, Bernat, Myanmar's, Koen Van Weel, ’ Aris, I’d, Suu Kyi’s NLD Organizations: CNN, Aung, National League for Democracy, Aris, Reuters, Burma Independence Army, Kyodo, Stills, Oxford University, Getty, Embassy, Suu Kyi, Panos, Congressional, Capitol, Suu, Xinhua News Agency, United Nations General Assembly, National Park Service, Palace, ASEAN, Court of Justice, Association for Political, United Nations Locations: Myanmar, Britain, Rangoon, Yangon, Myanmar’s, Zaw, heatstroke, Naypyidaw, India, Par Par Lay, England, AFP, Bangkok, Thailand, Bagan, Pathein, Camberley, Oslo, Norway, Kawhmu, New York, Washington ,, Washington, DC, Singapore, Gambia, , Burma, doesn’t
Myanmar’s Aung San Suu Kyi moved to house arrest
  + stars: | 2024-04-16 | by ( Story Reuters | ) edition.cnn.com   time to read: +2 min
Myanmar’s detained former leader and Nobel laureate Aung San Suu Kyi has been moved from prison to house arrest, a spokesperson for the military government told media. It was not immediately clear where Suu Kyi had been moved to. Suu Kyi has been detained by the Myanmar military since it overthrew her government in a 2021 coup. A spokesperson for the NUG shadow government called for the unconditional release of Suu Kyi and U Win Myint, Myanmar’s ousted president, who has also been moved to house arrest according to the media reports. They must take full responsibility for the health and security of Aung San Suu Kyi and U Win Myint,” spokesperson Kyaw Zaw told Reuters late on Tuesday.
Persons: Myanmar’s, Nobel, Aung, Suu Kyi, Zaw Min Tun, Min Tun, Kim Aris, Kyaw Zaw Organizations: Aung, Reuters Locations: heatstroke, Zaw, Myanmar
Bangkok, Thailand CNN —On the surface, Thailand’s annual Songkran festival appears to be just one great big water fight. Pipad Krajaejun, a history lecturer at Bangkok’s Thammasat University, says it’s difficult to pinpoint exactly when the water fights became such a key part of the festival. (We’ll share more on the water fights below.) Some towns limit the water fights to one day, so be sure to check ahead if you’re planning to join the battles. Soe Zeya Tun/ReutersAmong the highlights of the festival is the Maha Songkran Parade, which will happen on April 11.
Persons: Thailand CNN —, that’s, , Songkran, Boonserm Satraphai, Pipad, , Soe Zeya Tun, University’s Pipad, Nam, Chalinee Thirasupa, MBK, Lauren DeCicca, John S Lander, it’s, CNN Travel’s Karla Cripps, she’s Organizations: CNN, Thailand CNN, UNESCO, Heritage, Bangkok’s Thammasat University, CNN Travel, , Thailand’s Tourism Authority, of, Reuters, Central Department, Thai Locations: Bangkok, Thailand, it’s, Chiang Mai, Thailand's, Khao San, Chiang, Old City, Pipad, Chiangmai, Thailand’s, Ratchadamnoen, Lanna, San
It’s a terrifying prospect that could become a reality for Anna and millions of her peers across Myanmar after the military junta activated a mandatory conscription law for all young men and women. “While wounded and increasingly desperate, the Myanmar military junta remains extremely dangerous,” Tom Andrews, United Nations Special Rapporteur for human rights in Myanmar, said in a statement. “People know for sure that no matter what is written in the conscription law, they will have to go to the front lines. “In Myanmar, young people are not safe anymore,” said Maung Nyein, who also requested to use a pseudonym for safety reasons. “Our villagers won’t join the military forces or leave the country, instead we will join our resistance forces.
Persons: Anna, , , ” Tom Andrews, — “, Aung, , Ting Aung, Zaw Min Tun, Young, Kyaw Naing, Sen, Min Aung Hlaing, Kyaw, doesn’t, ” Anna, he’s, he’ll, Khin Ohmar, Stringer, Maung, Maung Nyein, terrifies, Ko, Maung Aye, he’d Organizations: CNN, Thai Embassy, Getty, Analysts, United Nations, People’s Defense Forces, National Unity Government, United, CNN Defense, Armed Forces, Reuters, Facebook, Foreign Ministry, Myanmar, Mandalay People's Defense Forces, Immigration, International Labour Locations: Myanmar, Myanmar’s, Yangon, AFP, United States, Naypyidaw, Thailand, Rakhine, Mandalay, Shan State, , Shwebo, Sagaing
The law has been activated in the wake of the army’s biggest setbacks since the countrywide conflict erupted after the takeover. The rout inspired resistance forces in other parts of the country to launch their own attacks. The military government’s forces were stretched thin by the recent upsurge in resistance activity. The 2021 military takeover was met by widespread nonviolent protests and civil disobedience. But the confrontations escalated into violence after security forces used deadly force against the protesters, giving birth to organized armed resistance that has spiraled into civil war.
Persons: , extendable, Aung, Suu Kyi, Zaw Min Tun, , Min Tun Organizations: Service Law, State Administration Council, National Unity Government, Frontier Myanmar Locations: BANGKOK, State, Suu, Myanmar, Rakhine, Bangladesh, Maj, Zaw, Yangon
Myanmar’s junta has declared mandatory military service for all young men and women, state media said on Saturday, as it struggles to contain armed rebel forces fighting for greater autonomy in various parts of the country. All men aged 18-35 and women aged 18-27 must serve for up to two years, while specialists like doctors aged up to 45 must serve for three years. The service can be extended to a total of five years in the ongoing state of emergency, state media said. Myanmar has been gripped by chaos since the military seized power from an elected government in a 2021 coup. So I want to tell everyone to proudly follow this people's military service law," junta spokesman Zaw Min Tun told state media.
Persons: Zaw Min Tun, Deepa Babington Organizations: Reuters Locations: Myanmar, British
UNITED NATIONS (AP) — Nine members of the United Nations Security Council condemned “indiscriminate” airstrikes by Myanmar's military against civilians before an envoy briefed the council Monday as part of regional efforts to implement a peace plan that has so far been largely ineffective. Before the council meeting, nine of the 15 council members stood before reporters to support a statement read by Britain’s U.N. The United States pushed for an enforceable Security Council resolution to prevent Myanmar from getting jet fuel, the council diplomat said. According to the council diplomat, China, which has close ties to Myanmar, emphasized the need to give ASEAN's efforts time and space. Russia, which also has links to Myanmar, reiterated that the council shouldn’t be interfering in the country’s internal affairs.
Persons: Alounkeo Kittikhoun, , Kittikhoun, Britain’s U.N, Barbara Woodward, Myanmar’s, Aung, Suu Kyi, United States —, Saleumxay Kommasith, Win Myint, U.N, Kyaw Moe Tun, Suu Kyi’s Organizations: UNITED NATIONS, United Nations Security Council, Association of Southeast Asian Nations, ASEAN, Lao, Arakan Army, Bangladesh, Myanmar’s Border Guard Police, Democratic, Amnesty Locations: Myanmar, ASEAN, Laos, Suu, China, Ecuador, France, Japan, Malta, South Korea, Slovenia, Switzerland, United Kingdom, United States, Thailand, Rakhine, Bangladesh, Arakan, U.S, Union, Vietnam, Russia
CNN —Tardigrades, also known as water bears, commonly survive in some of Earth’s most challenging environments. Under stress in extreme cold or other harsh environmental conditions, tardigrades’ bodies produce unstable free radicals of oxygen and an unpaired electron, aka a reactive oxygen species that can wreak havoc on the body’s proteins and DNA if they overaccumulate. The survival mechanism kicks off when cysteines, one of the amino acids that forms proteins in the body, come into contact with these oxygen free radicals and becomes oxidized, the researchers found. The free radicals become, so to speak, the hammer used to smash the glass on a fire alarm. “We came up with this idea (that) maybe it’s those species that are actually signaling to the tardigrades to enter their tun state,” she said.
Persons: CNN — Tardigrades, Amanda L, cysteines, ” Smythers, Smythers, Amanda Smythers Smythers, William R, Miller, ” Miller, Jenna Schnuer Organizations: CNN, International Space Station, Dana, Farber Cancer Institute, Harvard Medical School, Getty, University of North, Chapel, Marshall University, Baker University Locations: , Boston, Antarctica, University of North Carolina, Huntington , West Virginia, Baldwin City , Kansas, Anchorage , Alaska
A wealthy Myanmar arms broker with close ties to the leader of Myanmar’s brutal military regime was acquitted on Tuesday by a Bangkok court on charges of drug trafficking and money laundering, raising fears that he will be free to resume his activities aiding the junta. U Tun Min Latt, who was placed under sanctions by the United States last year for supplying the Myanmar regime with weapons, had spent 16 months in a Thai jail awaiting trial. The Thai authorities had accused Mr. Tun Min Latt and three associates of engaging in a scheme to launder drug money by using it to buy electricity in Thailand and sending it across the border to Myanmar. But the Thai criminal court found that the record of bank transactions presented by prosecutors did not provide sufficient evidence to prove the charges. With the ruling, about two dozen family members and supporters of the accused burst into applause in the courtroom.
Persons: Latt, Min Aung, Tun Min Latt Organizations: United Locations: Myanmar, Bangkok, United States, Thailand
Thailand, Hong Kong launch cross-border QR payments
  + stars: | 2023-12-04 | by ( ) www.reuters.com   time to read: 1 min
[1/2] A woman wears a protective face mask as she looks at her mobile phone amid the outbreak of the coronavirus disease (COVID-19), in Bangkok, Thailand September 30, 2020. REUTERS/Soe Zeya Tun/File Photo Acquire Licensing RightsBANGKOK, Dec 4 (Reuters) - Thailand's central bank and the Hong Kong Monetary Authority on Monday launched a link for cross-border QR payments, they said in a joint statement. "Through this linkage, travellers from Thailand and Hong Kong will be able to make retail payments by using their mobile payment applications," they said. Reporting by Chayut SetboonsarngOur Standards: The Thomson Reuters Trust Principles.
Persons: Soe Zeya, Chayut Organizations: REUTERS, Rights, Hong Kong Monetary Authority, Monday, Thomson Locations: Bangkok, Thailand, Rights BANGKOK, Hong Kong
Muse hosts the 105-Mile Trade Zone and has the greatest volume of trade with China. It is the fourth border crossing seized by the alliance forces in a month of intense fighting. Social media sites associated with the Myanmar National Democratic Alliance Army displayed photos and video of what they said were its forces at the border gate. Fighting has been raging in the region since the Arakan Army, the Myanmar National Democratic Alliance Army and the Ta’ang National Liberation Army, calling themselves the Three Brotherhood Alliance, launched a coordinated offensive on Oct. 27. The Myanmar National Democratic Alliance Army has made common cause with Beijing by declaring elimination of the cyberscam operations to be one of its goals.
Persons: Le Kyar, , ” Le Kyar Win, couldn't, hasn't, Zaw Min Tun, Aung, Suu Kyi, Myanmar's, beseiging Laukkaing Organizations: Myanmar National Democratic Alliance Army, Associated Press, Muse, Trade, Social, Arakan Army, National Liberation Army, Brotherhood Alliance Locations: BANGKOK, China, Muse, Myanmar, Shan, Maj, Zaw, Arakan, Suu, Laukkaing, Beijing
CNN —Renewed hostilities between the Myanmar military and ethnic minority armed group the Arakan Army (AA) have spread to various townships in western Myanmar, including Pauktaw, where civilians have been caught in the crossfire as fighting escalates. The renewed fighting has displaced more than 26,000 people in the country’s western Rakhine state since Monday, according to UNOCHA. Myanmar military spokesperson Zaw Min Tun said during a briefing Friday that the Myanmar army and police force had retaken the Pauktaw police station and that the town “was already under control” of the military. Airstrikes and ground attacks on what the Myanmar military calls “terrorist” targets have been occurred regularly since 2021 and have killed thousands of civilians to date, including children, according to monitoring groups. “The sick man can’t die peacefully.”
Persons: , , UNOCHA, Zaw Min Tun, Min Aung Hlaing, Nan Diya, Suak, can’t Organizations: CNN, Myanmar, Arakan Army, AA, United Nations Office, Humanitarian Affairs, UN, Army, Myanmar’s, Administration Council, SAC Locations: Myanmar, Pauktaw, Rathedaung, Maungdaw, Rakhine, Arakan
The ethnic Chin fighters said they used drones to drop bombs on the military bases, and junta soldiers fought back - especially fiercely at Khawmawi - occasionally firing mortars. At least nine Chin fighters were killed in the assault, along with six junta soldiers, two Chin rebels said, asking not to be named. Suan and Lawma's account of the battle, which was corroborated by a rebel commander and six residents who witnessed some of the fighting, provides a rare ground-level insight into a widening assault against Myanmar's military junta. After the two military camps were overrun, 43 junta soldiers crossed over to India seeking shelter and most were subsequently flown back to Myanmar. On the other side stood armed Chin rebels, under a billowing Chin flag.
Persons: Suan, Chin, Min Tun, Sui Khar, Zaw Min Tun, Krishn Kaushik, Devjyot, Robert Birsel Organizations: REUTERS, Arakan Army, Brotherhood Alliance, Chin, Thomson Locations: Khawmawi, India, Myanmar, Zokhawthar, Champhai district, India's, Mizoram, Chin State, Rihkhawdar, India's Champhai, Shan State, Myanmar's, China, Rakhine State, Kayah State, Thailand
Myanmar military, insurgents battle over port town
  + stars: | 2023-11-17 | by ( ) www.reuters.com   time to read: +4 min
[1/2] Myanmar military soldiers who have surrendered to the Karenni Nationalities Defense Force ride in the back of a vehicle in Loikaw, Myanmar, in this still image taken from video released November 15, 2023. "In the evening, junta troops came into the town and shot and killed civilians," the alliance said. Three rebel groups, aligned with pro-democracy fighters and a parallel, pro-democracy civilian government, have captured several towns and military posts across the country. Junta spokesperson Zaw Min Tun accused the rebel alliance of trying to get China's support for their cause. Junta state media said on Friday it had handed three Chinese nationals accused of running scams over to China, while a fourth suspect shot himself after being captured.
Persons: Zaw Min Tun, Kanupriya Kapoor, Robert Birsel Organizations: Myanmar, Karenni Nationalities Defense Force, REUTERS Acquire, Brotherhood Alliance, Reuters, Arakan Army, AA, Nations, Junta, Thomson Locations: Loikaw, Myanmar, Bengal, Pauktaw, Rakhine State, Myanmar's, Yangon, Shan State, China, Southeast Asia, India
Junta spokesperson Zaw Min Tun said the military was facing "heavy assaults from a significant number of armed rebel soldiers" in Shan State in the northeast, Kayah State in the east and Rakhine State in the west. Zaw Min Tun said some military positions had been evacuated and the insurgents had been using drones to drop hundreds of bombs on military posts. "We are urgently taking measures to protect against drone bomb attacks effectively," the junta spokesperson said late on Wednesday. Western governments have re-imposed sanctions on the Myanmar junta in response to the coup and crackdowns on protests and demanded the release of Suu Kyi and other pro-democracy politicians and activists. The junta spokesperson denounced the group saying it was "destroying" Rakhine State.
Persons: Zaw Min Tun, Tin, Swe, Nobel, Aung, Suu Kyi, General Antonio Guterres, Kanupriya Kapoor, Robert Birsel Organizations: REUTERS, Naypyitaw, Reuters, military's, Administration Council, SAC, Arakan Army, AA, National Defence Force, Thomson Locations: Myanmar, Zokhawthar, Champhai, India's, Mizoram, India, Shan State, Kayah State, Rakhine State, Zaw, Naypyitaw, Suu, Chin State, Rakhine
Myanmar rebels says dozens of junta forces surrender, captured
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +3 min
Reuters could not independently verify the information from the AA, which is one of three ethnic minority insurgent groups that launched a coordinated offensive against junta forces in late October. A curfew has been imposed in the Rakhine State capital Sittwe, where military tanks have been sighted, the administration there said. A junta spokesperson, Zaw Min Tun, on Tuesday accused the rebel groups of "destroying the whole country" and said reports of captured military posts were "propaganda". He did not comment on reports of junta forces surrendering. Most of the Myanmar soldiers were flown by Indian forces to another point on the border and handed back to Myanmar authorities, said an Indian security official who declined to be identified.
Persons: Nobel, Aung, Min Tun, Kanupriya Kapoor, Robert Birsel Organizations: REUTERS, Arakan Army, Reuters, AA, Myanmar, Thomson Locations: Myanmar, Myanmar's Khawmawi, India, Zokhawthar, Champhai district, India's, Mizoram, Rakhine State, Sittwe, China, Suu Kyi, Shan, Rakhine, Chin State
Myanmar Rebels Says Dozens of Junta Forces Surrender, Captured
  + stars: | 2023-11-14 | by ( Nov. | At P.M. | ) www.usnews.com   time to read: +2 min
Reuters could not independently verify the information from the AA, which is one of three ethnic minority insurgent groups that launched a coordinated offensive against junta forces in late October. A curfew has been imposed in the Rakhine State capital Sittwe, where military tanks have been sighted, the administration there said. A junta spokesperson, Zaw Min Tun, on Tuesday accused the rebel groups of "destroying the whole country" and said reports of captured military posts were "propaganda". He did not comment on reports of junta forces surrendering. Most of the Myanmar soldiers were flown by Indian forces to another point on the border and handed back to Myanmar authorities, said an Indian security official who declined to be identified.
Persons: Nobel, Aung, Min Tun, Kanupriya Kapoor, Robert Birsel Organizations: Reuters, Arakan Army, AA, Myanmar Locations: Myanmar, Rakhine State, Sittwe, China, Suu Kyi, Shan, Rakhine, Chin State, Mizoram
Myanmar Fighter Jet Crashes, Rebels Claim Responsibility
  + stars: | 2023-11-12 | by ( Nov. | At A.M. | ) www.usnews.com   time to read: +2 min
(Reuters) - A Myanmar fighter jet has crashed during clashes between the military and an insurgent group, both sides said, in another setback for a junta facing the biggest challenge to its rule since a coup in 2021. Junta spokesperson Zaw Min Tun told state-run MRTV the jet crashed due to a technical problem and the pilots had ejected safely and were in contact with the military. The military-installed president last week said Myanmar was at risk of breaking apart due to the failure to deal with the insurgency more effectively. Assaults on towns have also taken place in Sagaing region, in central Myanmar, west of Shan State. The KNDF said on its Facebook page it shot down the jet on Saturday using heavy machine guns and its members were searching for the pilots.
Persons: Zaw Min Tun, KNDF, Martin Petty, Robert Birsel Organizations: Reuters, Karenni Nationalities Defence Force, Reuters Staff Locations: Myanmar, Kayah State, Thailand, Shan State, China, Sagaing, Vietnam, Thai
Myanmar fighter jet crashes, rebels claim responsibility
  + stars: | 2023-11-12 | by ( ) www.reuters.com   time to read: +2 min
Nov 12 (Reuters) - A Myanmar fighter jet has crashed during clashes between the military and an insurgent group, both sides said, in another setback for a junta facing the biggest challenge to its rule since a coup in 2021. Junta spokesperson Zaw Min Tun told state-run MRTV the jet crashed due to a technical problem and the pilots had ejected safely and were in contact with the military. The military-installed president last week said Myanmar was at risk of breaking apart due to the failure to deal with the insurgency more effectively. Assaults on towns have also taken place in Sagaing region, in central Myanmar, west of Shan State. The KNDF said on its Facebook page it shot down the jet on Saturday using heavy machine guns and its members were searching for the pilots.
Persons: Zaw Min Tun, KNDF, Martin Petty, Robert Birsel Organizations: Karenni Nationalities Defence Force, Reuters, Reuters Staff, Thomson Locations: Myanmar, Kayah State, Thailand, Shan State, China, Sagaing, Vietnam, Thai
Gauff 'feeling the love' in Cancun after maiden WTA Finals win
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +2 min
Oct 30, 2023; Cancun, Mexico; Coco Gauff (USA) returns a shot during her match against Ons Jabeur (TUN) on day two of the GNP Saguaros WTA Finals Cancun. "I got a marriage proposal yesterday so I'm feeling the love here in Cancun," Gauff said with a laugh after the match, thanking the crowd who showed up despite the weather. The 19 year old's first victory in WTA finals came after a winless campaign last year and it made her the first American teenager to win a match at the WTA Finals since Venus Williams in 1999. Gauff, who qualified for the WTA Finals as the third seed, will face second seed Iga Swiatek in her next Group B outing on Wednesday. Swiatek, a Polish former world number one, beat Gauff by straight sets in last year's WTA Finals, and won three of their four subsequent matches.
Persons: Coco Gauff, Susan Mullane, Gauff, Venus Williams, Serena Williams, Zendaya, Iga Swiatek, Swiatek, Chiranjit, Robert Birsel Organizations: Cancun, WTA, Tunisian Group, Tennis, Marketa, Thomson Locations: Cancun, Mexico, Polish, Bengaluru
BANGKOK (AP) — Military-ruled Myanmar on Tuesday allowed prisoners to have family visitors from outside, a right that had been suspended for 3½ years because of the coronavirus pandemic, the military’s information office and prison officials said. Visitors must be able to provide proof of COVID-19 vaccinations and a household relationship to the prisoner being met. Family visitation rights were suspended after the coronavirus pandemic began in early 2020. Most sectors of society gradually reduced or dropped testing requirements and other virus-fighting measures since 2022, but family visits to prisoners had remained banned. The total number of prisoners held in Myanmar, not only political detainees, isn't publicly known.
Persons: Aung San, Aung San Suu Kyi, Tun Kyi, isn't Organizations: , Associated Press, Association for Political, Former Political Prisoners Society, Prison Locations: BANGKOK, Myanmar, Thayarwaddy, Bago, Yangon, Aung San Suu, Tun, Magway
REUTERS/Olivia Harris/File Photo Acquire Licensing RightsKUALA LUMPUR, Oct 12 (Reuters) - A Malaysian government task force said on Thursday it viewed Goldman Sachs' (GS.N) filing of arbitration proceedings as premature, after the firm sued Malaysia in a British court this week amid an escalating dispute over a 2020 settlement deal. Goldman Sachs in 2020 had agreed to pay $3.9 billion to settle Malaysia's criminal probe over its role in the multi-billion dollar 1MDB corruption scandal. Malayia's 1MDB task force said Goldman Sachs had requested an extension on a Nov. 8 deadline for discussions to settle the dispute. Goldman Sachs lodged its suit less than two months after Malaysian Prime Minister Anwar Ibrahim threatened to take the company to court. Goldman had helped 1MDB raise $6.5 billion in two bond offerings, earning itself $600 million in fees, according to the U.S. Justice Department.
Persons: Olivia Harris, Goldman Sachs, Goldman, Malayia's, Johari Abdul Ghani, Johari, Anwar Ibrahim, Rozanna Latiff, Martin Petty, Simon Cameron, Moore Organizations: Development, Exchange, REUTERS, Malaysia, Malaysian, U.S . Justice Department, Thomson Locations: Kuala Lumpur, Malaysia, KUALA LUMPUR, Malaysian, U.S
CNN —The United Nations says it is “deeply concerned” by reports that civilians, including women and children, were killed and injured in a bombing at a camp for internally displaced people in Myanmar. The bombing on Monday took place near the town of Laiza, in northern Kachin state. Laiza is home to the headquarters of the Kachin Independence Army, which has been locked in a conflict with Myanmar’s military for decades. The British embassy in Myanmar also said it was “appalled by” the reports of innocent civilians being killed. Calling the attack “unacceptable”, he added, “We reiterate that the Myanmar military must stop its brutal campaign against the Myanmar people.”Myanmar’s military seized power in February 2021 after detaining civilian leader Aung San Suu Kyi and numerous top government figures, dashing hopes for a more democratic future for the country.
Persons: Min Aung Hlaing, Zaw Min Tun, , , Ken O’Flaherty, Aung San, Kyi, Suu Kyi Organizations: CNN, United Nations, National Unity Government, Kachin Independence Army, Unity, UN, British Locations: Myanmar, China, Laiza, Kachin
Men walk past a 1 Malaysia Development Berhad (1MDB) billboard at the funds flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/ File Photo Acquire Licensing RightsOct 11 (Reuters) - Goldman Sachs Group (GS.N) is suing Malaysia in a UK court, a source familiar with the matter told Reuters, as tensions escalate over a settlement linked to its role in the 1MDB investment-fund scandal. The arbitration has been filed with the London Court of International Arbitration (LCIA), the source said. In 2020, Goldman Sachs had agreed to pay $3.9 billion to settle Malaysia's criminal probe over the U.S. investment bank's role in the multibillion-dollar 1MDB scandal. The United States has been returning funds it has recovered from seized assets that were allegedly bought with stolen 1MDB money.
Persons: Olivia Harris, Goldman Sachs, Najib Razak, Goldman, Samrhitha, Shinjini Organizations: Malaysia Development Berhad, Tun, Exchange, REUTERS, Goldman Sachs, London Court, International, Government, Reuters, Malaysian, Prosecutors, United, Bloomberg News, Thomson Locations: Malaysia, Kuala Lumpur, U.S, United States, Bengaluru
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