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  • Associated Press

    Myanmar upset its military leader barred from regional meet

    Myanmar's military-installed government on Friday sharply challenged a pronouncement by the Association of Southeast Asian Nations barring its leader from from attending the regional bloc's summit next week. Myanmar said the declaration, issued by ASEAN’s current chair, Brunei, violated the charter of the group, to which it belongs. A statement issued Friday night by Myanmar’s Foreign Ministry detailed why it believed ASEAN had violated its own rules by taking such action.

  • Reuters

    Myanmar decries move to block junta leader from regional summit

    The junta's foreign ministry said in a press release that the heads of state or government of Myanmar enjoyed equal and full rights to participate in summits of the 10-member Association of Southeast Asian Nations (ASEAN). It is not clear who, if anybody, will now represent Myanmar at the meeting. "Myanmar will not be in a position to accept any outcome of the discussions and decisions which are...contrary to the provisions, objectives and cherished principles of the ASEAN Charter," the foreig

  • Associated Press

    Official: US at turning point in dealing with Myanmar crisis

    The United States is at a turning point in deciding how to handle the crisis in military-ruled Myanmar, weighing further political and economic steps to pressure the government to change its behavior, a senior U.S. official said Thursday. “The situation is getting worse inside Burma, both from a humanitarian point of view, from a security point of view, in terms of the economy and the lack of progress on the politics,” U.S. State Department Counselor Derek Chollet told The Associated Press in a

  • Reuters

    Controversy over AUKUS pact overhyped, says UK armed forces minister

    Britain's armed forces minister James Heappey on Thursday said there has been an "overhyping" of controversy over a new trilateral security pact between Australia, the United States and Britain. The alliance, known as AUKUS, will see Australia acquiring technology to deploy nuclear-powered submarines and is widely seen as a response to Chinese militarisation in the region, particularly in the strategically important South China Sea. The alliance has also sparked a row with France, after Austra

  • Reuters

    Analysts cut Asia's corporate earnings estimates on growth concerns

    According to Refinitiv IBES estimates data, MSCI Asia-Pacific companies' earnings estimates for the next 12 months have been cut by 1.3% in the past month, the first downgrade since June 2020. "We turn cautious on the earnings outlook of Asian companies," said Alvin So, equity strategist at Goldman Sachs in a note this week. "We forecast MXAPJ earnings to grow 32% this year and 9% in 2022-23, cumulatively 5% below bottom-up consensus on 2023 EPS, with risks stemming from virus impact, China gr

  • Reuters

    ASEAN should rethink non-interference policy amid Myanmar crisis, Malaysia FM says

    The Association of Southeast Asian Nations (ASEAN) should rethink its decades-long policy of non-interference in the affairs of member states, amid a worsening human rights crisis in Myanmar, Malaysia's top diplomat said on Thursday. The 10-member bloc on Friday made an unprecedented move to exclude the leader of Myanmar's junta from an upcoming regional summit, over a lack of progr

  • Reuters

    ASEAN summit without Myanmar leader significant, but not enough - U.S.

    The United States sees the decision by Southeast Asian nations to exclude Myanmar's leader from a regional summit as very significant but more needs to be done to address the challenges the country is facing after the military coup there, a senior U.S. official said on Wednesday. The 10-member Association of Southeast Asian Nations (ASEAN) decided last week to invite a non-political representative from Myanmar to its Oct. 26-28 summits, snubbing military chief Min Aung Hlaing. "This reflects a

  • Reuters

    U.S. says delivering on vaccine pledge to Asia key to Quad credibility

    Delivering on a pledge to supply COVID-19 vaccine doses to Southeast Asia is critical to the credibility of the Quad group of countries, which made the commitment in March, a senior White House official said on Wednesday. A plan reached by the grouping of Australia, India, Japan and the United States to supply a billion COVID-19 shots across Asia by the end of 2022 stalled after India, the world's largest vaccine producer, banned exports in April amid a massive COVID outbreak at home. Speaking

  • Reuters

    Myanmar's economic woes due to gross mismanagement since coup - U.S. official

    Myanmar's economic turmoil is due to political instability and mismanagement following a February coup, a U.S. official said on Wednesday after a junta minister blamed the crisis partly on foreign backers of its opponents. The military government's investment minister attributed Myanmar's economic troubles to sabotage by opponents of the junta and their overseas backers in an exclusive interview with Reuters on Tuesday. Asked about those comments during an online briefing on Wednesday, a senio

  • Associated Press

    Crowds outside Myanmar's prisons greet freed detainees

    Crowds gathered Tuesday outside prisons around Myanmar, waiting for at least a glimpse of friends and relatives who were being freed under an amnesty for people arrested for protesting against military rule. The head of the army-installed government, Senior Gen. Min Aung Hlaing, announced the amnesty covering more than 5,600 people on Monday. The announcement came three days after the Association of Southeast Asian Nations delivered a rare snub by declining to invite Min Aung Hlaing to an upco

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