Myanmar's Economy Spirals as Junta Tightens Grip；MioTech Eyes ESG Expansion Amid Stricter Rules；Puti

Welcome to our World NEws program! Today, we delve into the worsening economic crisis in Myanmar, where the junta's stringent policies are creating more turmoil. The World Bank has predicted a meager 1% GDP growth until 2025, highlighting the economic struggles exacerbated by the military regime's loss of control over key border-trade crossings. This opens up some economic opportunities for resistance groups, but overall, the outlook remains bleak.

Next, we turn our attention to Hong Kong-based MioTech, which is seeking new partnerships to expand its ESG data services. With tougher disclosure rules on the horizon, MioTech aims to collaborate with ratings and verification firms to help clients meet regulatory demands. The company is already Asia’s largest provider of environmental, social, and governance data and software, and is looking to grow its footprint across mainland China, Hong Kong, Taiwan, South Korea, and Southeast Asia.

Lastly, Russian President Vladimir Putin has extended condolences and humanitarian support to North Korea following catastrophic floods that have claimed numerous lives and caused extensive damage. The floods, which struck on July 27, have left a trail of destruction, and the death toll could be as high as 1,500. This gesture underscores the long-standing alliance between Russia and North Korea, dating back to the post-World War II era. Please stay tuned for detailed coverage of these stories.

#China #AsiaPacific #EastAsia #Asian #LiKeqiang