ACN Newswire: latest releases

News releases provided by ACN Newswire - Asia Corporate News Network ACN Newswire - Asia Corporate News Network.

CEKD Posts 7.1% Increase in Full-Year Revenue to RM28.23 Million

Monday, October 25, 2021 - 10:00am

CEKD recorded an increase of 7.4% in full year profit before tax ("PBT") of RM8.54 million despite registering a PBT of RM1.47 million for 4Q2021, which is 28.7% lower than the PBT of RM2.06 million registered in the same quarter of 2020.

Key Points: 
  • CEKD recorded an increase of 7.4% in full year profit before tax ("PBT") of RM8.54 million despite registering a PBT of RM1.47 million for 4Q2021, which is 28.7% lower than the PBT of RM2.06 million registered in the same quarter of 2020.
  • CEKD recorded an increase of 4.3% in full year profit after tax ("PAT") while posting a 30.4% decline in PAT for 4Q2021 of RM1.09 million compared with the PAT of RM1.57 million in the corresponding quarter of last year.
  • The Company, which listed on 29 September 2021 on the ACE Market of Bursa Malaysia, also incurred RM0.61 million for the full-year for initial public offering ("IPO") expenses.
  • This is mainly due to newer and more complex die-cutting moulds orders received from our customers.

Genetec Q2FY2022 PAT Up by Sixfold

Monday, October 25, 2021 - 10:00am

Genetec also announced their proposal of a bonus issue of 661,564,800 new ordinary shares in Genetec ("Bonus Shares") on the basis of twelve (12) Bonus Shares for every one (1) existing ordinary share in Genetec ("Genetec Share" or "Share") held on an entitlement date to be determined later ("Proposed Bonus Issue").

Key Points: 
  • Genetec also announced their proposal of a bonus issue of 661,564,800 new ordinary shares in Genetec ("Bonus Shares") on the basis of twelve (12) Bonus Shares for every one (1) existing ordinary share in Genetec ("Genetec Share" or "Share") held on an entitlement date to be determined later ("Proposed Bonus Issue").
  • The Entitlement Date will be determined and announced at a later date upon receipt of all relevant approvals for the Proposed Bonus Issue.
  • Earnings per share stood at 31.25 sen (fully diluted) in Q2FY2022 compared to EPS of 6.18 sen in Q2FY2021.
  • For the first-half of the financial year ended 31 March 2022 ("1HFY2022"), the Company recorded 2884% higher PAT of RM24.50 million compared to the corresponding period of the previous financial year, when the Company posted PAT of RM821,000.

Cloud Experts to Bring to Light the Potential of Cloud Solutions at Trescon's World Cloud Show - Egypt

Monday, October 25, 2021 - 6:13am

He further added, "World Cloud Show will digitally connect key players in the Cloud ecosystem to help Enterprises in Egypt foster highly efficient Cloud strategies."

Key Points: 
  • He further added, "World Cloud Show will digitally connect key players in the Cloud ecosystem to help Enterprises in Egypt foster highly efficient Cloud strategies."
  • World Cloud Show will feature powerful keynotes, panel discussions, technology use-cases, industry solutions, applied Cloud showcases and the latest go-to-market innovations.
  • World Cloud Show - Egypt is officially sponsored by Headline Sponsor - Dell Technologies & Intel and Trend Micro Incorporated.
  • World Cloud Show is a thought-leadership-driven, business-focused, global series of events that takes place in strategic locations across the world.

SMEStreet Global Women Leadership Awards 2021 Successfully Conducted

Monday, October 25, 2021 - 4:19am

Shri Swain congratulated the winners of SMEStreet Global Women Leadership Awards 2021 and highlighted the Government of India's schemes and programs that are aimed to deliver motivation for women-driven MSMEs.

Key Points: 
  • Shri Swain congratulated the winners of SMEStreet Global Women Leadership Awards 2021 and highlighted the Government of India's schemes and programs that are aimed to deliver motivation for women-driven MSMEs.
  • NEW DELHI, Oct 25, 2021 - (ACN Newswire) - SMEStreet in association with WASME has successfully organized a Forum For ECONOMIC EMPOWERMENT THROUGH WOMEN ENTREPRENEURSHIP along with SMEStreet Global Women Leadership Awards 2021.
  • Shri Swain congratulated the winners of SMEStreet Global Women Leadership Awards 2021 and highlighted the Government of India's schemes and programs that are aimed to deliver motivation for women-driven MSMEs.
  • Giving an overview of the SMEStreet Global Women Leadership Awards, Shri Faiz Askari stated, "The campaign of these awards started around three months ago.

Blockchain & Infrastructure Post-Event Release

Monday, October 25, 2021 - 2:36am

GBA addressed the eroding US dollar, coinciding with the rise of cryptocurrency during their recent Blockchain & Infrastructure event.

Key Points: 
  • GBA addressed the eroding US dollar, coinciding with the rise of cryptocurrency during their recent Blockchain & Infrastructure event.
  • In response, the Government Blockchain Association (GBA) (www.gbaglobal.org) partnered with a coalition of blockchain associations to present Blockchain & Infrastructure (https://bit.ly/3nsa1GP), a two-day hybrid event coupling an educational seminar with a networking reception.
  • Aimed at educating government policymakers, Blockchain & Infrastructure addressed the impact of cryptocurrency adoption on government, along with other financial trends that are outpacing regulatory understanding.
  • Streamed to over 11,000 individual IP addresses, Blockchain & Infrastructure aimed at educating governments on this movement, and those who wished to learn tuned in.

Seedify Taps Blockpass for KYC Provision in Blockchain Gaming & NFTs

Monday, October 25, 2021 - 1:00am

HONG KONG, Oct 25, 2021 - (ACN Newswire) - Blockpass, the pioneer of On-chain KYC(TM), is excited to reveal its growing partnership with Seedify, the gateway to blockchain gaming.

Key Points: 
  • HONG KONG, Oct 25, 2021 - (ACN Newswire) - Blockpass, the pioneer of On-chain KYC(TM), is excited to reveal its growing partnership with Seedify, the gateway to blockchain gaming.
  • Seedify will be using Blockpass' proprietary KYC solutions to provide a safe, secure and compliant ecosystem where gamers and gaming enthusiasts can enjoy the benefits of blockchain and cryptocurrency.
  • For businesses and merchants, Blockpass is a comprehensive KYC & AML SaaS that requires no integration and no setup cost.
  • "Seedify is a leader in the blockchain gaming industry and we were delighted to work with them to bring our compliance technology to that space," said Adam Vaziri, Blockpass CEO.

Brawijaya University develops IoT-based system for melon cultivation

Saturday, October 23, 2021 - 12:00pm

"Drip irrigation system" implemented at the Agro Techno Park in Malang, East Java

Key Points: 
  • "Drip irrigation system" implemented at the Agro Techno Park in Malang, East Java
    Malang, East Java, Indonesia, Oct 23, 2021 - (ACN Newswire) - Brawijaya University (UB) has developed an internet of things (IoT)-based system for melon cultivation, currently being implemented at the Agro Techno Park in Malang, East Java.
  • The garden was developed by a team from Brawijaya University using the modern IoT farming system.
  • The application of the drip irrigation system, he said, has turned out to give maximum results to melon plants.
  • "If melon plants are cultivated using a hydroponic system, then what the student does is aeroponic cultivation of vegetables," he said.

XanPool Secures US$27M to Consolidate Presence in APAC and Expand Service Offerings

Saturday, October 23, 2021 - 10:58am

XanPool is a Payments and Liquidity Network.

Key Points: 
  • XanPool is a Payments and Liquidity Network.
  • With over 500,000 users, and over 400 business partners, XanPool is looking to consolidate its presence in the Asia Pacific region and expand its product offerings.
  • Jeffery further comments, "In the coming years, XanPool's network will look more similar to that of the SWIFT Network.
  • Just like SWIFT, XanPool does not hold liquidity itself, instead, it relies on the liquidity of all the participants using the network.

Initiative to Enhance Cooperation of China and Central Asian Countries Concludes

Friday, October 22, 2021 - 9:00am

The Forum included four sub-forums covering topics including "China-Central Asia cooperation on China's BDS" and "green development."

Key Points: 
  • The Forum included four sub-forums covering topics including "China-Central Asia cooperation on China's BDS" and "green development."
  • Representatives from China and Central Asian countries including Kazakhstan, Tajikistan, Kyrgyzstan, Turkmenistan, and Uzbekistan, as well as international organizations, attended the forum online and in person.
  • Secretary-General of the SCO Vladimir Norov said the China-Central Asia Cooperation Forum is an authoritative platform for extensive exchanges between China and Central Asian countries.
  • The volume of Chinese investment and bilateral trade with Central Asian countries has been growing steadily for two decades in a row.

Habitat for Humanity's Terwilliger Center for Innovation in Shelter Leads Transformational Investment to Increase Affordable Housing in India

Friday, October 22, 2021 - 7:42am

Recently, Habitat for Humanity International through its Shelter Venture Fund invested $411,000 in Tvasta Manufacturing Solutions Ltd. to increase production of affordable 3D printed homes in India.

Key Points: 
  • Recently, Habitat for Humanity International through its Shelter Venture Fund invested $411,000 in Tvasta Manufacturing Solutions Ltd. to increase production of affordable 3D printed homes in India.
  • 3D printed construction technology offers the potential for faster, more cost-efficient and resilient housing in high-income countries as well as emerging markets.
  • "The pandemic has only exacerbated the affordable housing crisis, with rising demand as well as material costs.
  • Through the Shelter Venture Fund, Habitat is helping ensure that the most promising, disruptive technologies achieve scale, expanding affordable housing markets to reach more low-income families in need of reliable housing," said Patrick Kelley, vice president of Habitat's Terwilliger Center for Innovation in Shelter.

AppsFlyer Launches SKAdNetwork Ranking for the New Privacy Era in Latest Performance Index; Xiaomi is Fastest-growing Media Source in Southeast Asia

Friday, October 22, 2021 - 2:00am

The Growth index found that Xiaomi took top spot as the fastest-growing media source for Android mobile advertising in Southeast Asia -- beating out Adjoe and Adfly.

Key Points: 
  • The Growth index found that Xiaomi took top spot as the fastest-growing media source for Android mobile advertising in Southeast Asia -- beating out Adjoe and Adfly.
  • However, Adjoe still ranked as the fastest-growing media source globally, with its 60% increase in clients and 2.5% rise in non-organic installs largely driven by success in Southeast Asia.
  • AppLovin ranked third in both the power and volume rankings, with Google Ads coming in fourth in the power ranking.
  • While traditionally not the most dominant media source in iOS, Google did place second in the volume ranking.

Eco Expo Asia opens on 27 October featuring latest green tech and products

Thursday, October 21, 2021 - 10:00am

The expo has added the "Green Finance and ESG-related services" element to provide green finance, sustainable development strategies, and environmental, social and governance (ESG) consulting services.

Key Points: 
  • The expo has added the "Green Finance and ESG-related services" element to provide green finance, sustainable development strategies, and environmental, social and governance (ESG) consulting services.
  • This diverse collection of exhibitors will showcase a wide array of the latest environmental technologies and products to create a one-stop environmental protection business platform.
  • There are nine thematic zones, including "Green Transportation", "Green Buildings & Energy Efficiency", "Waste Treatment & Recycling" and "Eco-friendly Products".
  • The public can also shop at the Green Mart and join Green Workshops where participants will learn how to make a variety of green products.

NextPlay Technologies, Inc. Announces Plans to Launch a New Class of Tokenized Medical Real Estate in Conjunction with NextPlay's Extension into Medical Tourism

Thursday, October 21, 2021 - 12:00am

The Company has designed a new class of medical facilities that integrates unique geometries and technologies it believes will reduce the spread of infection.

Key Points: 
  • The Company has designed a new class of medical facilities that integrates unique geometries and technologies it believes will reduce the spread of infection.
  • The Fund is also expected to invest in wellness-oriented residential and commercial facilities that are integrated with the proposed physical and technological layers.
  • NextPlay is in discussions with prime landowners in several countries to contribute their property assets to the proposed Fund.
  • Through our efforts to date, we believe we have identified opportunities in medical tourism and its adjacencies.

Creative China Co-distributes Six Foreign Imported Films

Wednesday, October 20, 2021 - 11:35am

HONG KONG, Oct 20, 2021 - (ACN Newswire) - Creative China Holdings Limited ("Creative China" or the "Group"; stock code: 8368) today announced that it and its wholly-owned subsidiary CCH Film Production Limited have entered into a cooperation agreement with consideration at around RMB30 million (equivalent to about HK$36 million), with its Cooperation Partners and Guarantor for the distribution of six foreign imported films ("the Target Films") in Mainland China.

Key Points: 
  • HONG KONG, Oct 20, 2021 - (ACN Newswire) - Creative China Holdings Limited ("Creative China" or the "Group"; stock code: 8368) today announced that it and its wholly-owned subsidiary CCH Film Production Limited have entered into a cooperation agreement with consideration at around RMB30 million (equivalent to about HK$36 million), with its Cooperation Partners and Guarantor for the distribution of six foreign imported films ("the Target Films") in Mainland China.
  • Mr. Philip Yang, Chairman and Executive Director of Creative China, said, "We are very pleased to co-distribute six foreign imported films.
  • About Creative China Holdings Limited (Stock Code: 8368)
    Creative China is dedicated to turning creativity into wealth and fostering development of the creative industry with innovation.
  • Having organised many creative and high-standard international activities and afforded creative stage designs, creative visual and public relations efforts, it boasts great influence and communication capability in Mainland China.

AAC Technologies' Investment in SWIR Vision Systems Inc.

Wednesday, October 20, 2021 - 11:15am

HONG KONG, Oct 20, 2021 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC", HKEx: 2018), announced investment in the Series A financing round for SWIR Vision Systems Inc. ("SWIR Vision Systems").

Key Points: 
  • HONG KONG, Oct 20, 2021 - (ACN Newswire) - AAC Technologies Holdings Inc. ("AAC", HKEx: 2018), announced investment in the Series A financing round for SWIR Vision Systems Inc. ("SWIR Vision Systems").
  • SWIR Vision Systems is a company pioneering the next generation of image sensor solutions for industrial automation, consumer electronics, AR/VR system, autonomous vehicles and other applications.
  • "We are appreciative of this strong vote of investor confidence in our team and our technology," said George Wildeman CEO, SWIR Vision Systems.
  • Antonino Parrinello, Head of Corporate Development at AAC Technologies said, "We are also pleased to participate in the Series A financing round for SWIR Vision Systems.

VPower Group Signs Strategic Cooperation Agreement with Fuyao Group

Wednesday, October 20, 2021 - 10:59am

HONG KONG, Oct 20, 2021 - (ACN Newswire) - VPower Group International Holdings Limited ("VPower Group" or the "Group", stock code: 1608.HK), joining hands with China National Technical Import and Export Corporation and Fuzhou Xutong Industrial Technology Co., Ltd. as a consortium, entered into a strategic cooperation agreement of modern energy management and implementation with Fuyao Glass Industry Group Co., Ltd. ("Fuyao Group").

Key Points: 
  • HONG KONG, Oct 20, 2021 - (ACN Newswire) - VPower Group International Holdings Limited ("VPower Group" or the "Group", stock code: 1608.HK), joining hands with China National Technical Import and Export Corporation and Fuzhou Xutong Industrial Technology Co., Ltd. as a consortium, entered into a strategic cooperation agreement of modern energy management and implementation with Fuyao Glass Industry Group Co., Ltd. ("Fuyao Group").
  • The signing ceremony was successfully held at the headquarters of Fuyao Group on 19 October.
  • Leveraging the respective strengths and experiences of each member, the consortium will become an energy management contracting service provider of Fuyao Group.
  • "We are pleased to become a partner of Fuyao Group through the consortium," said Mr. Boyang Liu, Chief Investment Officer of VPower Group, "We will provide support on integrated energy management to Fuyao Group and its subsidiaries with the vision of promoting sustainable development of energy industry in China.

BNP Morningstar Initiates Coverage of CCMGT (9982.HK) with "BUY" rating

Wednesday, October 20, 2021 - 10:53am

With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.

Key Points: 
  • With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.
  • BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset-light business model.
  • This is the other reason that should allow CCMGT to keep a fairly stable profit margin in the near term.
  • BNP Morningstar estimates that it is possible for upside to the profit forecast of CCMGT if the company's ex-Henan projects take off.

BNP Morningstar Initiates Coverage of CCMGT (09982) with "BUY" rating

Wednesday, October 20, 2021 - 8:01am

With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.

Key Points: 
  • With the new entrants, the market share of leading companies' such as CCMGT should remain high over the next five years.
  • BNP Morningstar is of the view that CCMGT can be regarded as a more defensive proxy to China's real estate growth given its asset-light business model.
  • This is the other reason that should allow CCMGT to keep a fairly stable profit margin in the near term.
  • BNP Morningstar estimates that it is possible for upside to the profit forecast of CCMGT if the company's ex-Henan projects take off.

Moonstake to Host Joint Webinar with Partner TRON Foundation on 1 Nov 2021

Wednesday, October 20, 2021 - 7:00am

SINGAPORE, Oct 20, 2021 - (ACN Newswire) - On 1st November 2021, Moonstake will be taking part in a joint webinar co-hosted with our strategic partner, the TRON Foundation, at 7 PM Singapore Time (GMT+8).

Key Points: 
  • SINGAPORE, Oct 20, 2021 - (ACN Newswire) - On 1st November 2021, Moonstake will be taking part in a joint webinar co-hosted with our strategic partner, the TRON Foundation, at 7 PM Singapore Time (GMT+8).
  • This webinar will be useful for those who want to learn more about the TRON ecosystem and its value to crypto users.
  • TRON is core partners with numerous big names including the global tech giant Samsung, Opera, BitTorrent, Poloniex, Swisscom Blockchain, and many more.
  • - How will the Moonstake and TRON collaboration help to enhance the TRON ecosystem and promote TRX staking?

Freedom Business Summit 2021 Online Will Bring Together 2000+ Worldwide Freedom Business Entrepreneurs

Wednesday, October 20, 2021 - 2:07am

Freedom Business Summit 2021 - Global Summit for Those Looking for Ways to Take Their Freedom Back, Mitigate Geopolitical Risks, Protect Their Wealth and Build a Location Independent Lifestyle

Key Points: 
  • Freedom Business Summit 2021 - Global Summit for Those Looking for Ways to Take Their Freedom Back, Mitigate Geopolitical Risks, Protect Their Wealth and Build a Location Independent Lifestyle
    Delhi, India, Oct 20, 2021 - (ACN Newswire) - This year on 6-7 November, 2021 we decided to bring together 2000+ the world's best entrepreneurs to learn proven strategies, get proven systems to build a freedom business, build a winning mindset, and run your business globally from freedom entrepreneurs, world travelers, global investors and remote startups founders.
  • Freedom Business Summit - is not just a regular summit, it is a philosophy of location independent lifestyle that is organized in official partnership with e-Residency Estonia, Insured Nomads, Binance and citizenship agency Migronis.
  • More than 20 speakers and entrepreneurs from 20 countries: Brazil, USA, Estonia, France, Spain, Malta, Canada, Portugal, Romania will join Freedom Business Summit to share their experience about managing and running a remote business.
  • Once you attend Freedom Business Summit - it may change your life, and you will get a one-way ticket to a life full of freedom, a remote business lifestyle, and unstoppable traveling to the world's best destinations.

Launch of world-first expert resource to foster best practice osteoporosis care in the Asia Pacific

Tuesday, October 19, 2021 - 10:00pm

In a strong effort to stem the tide, and to promote quality care in osteoporosis, the Asia Pacific Consortium on Osteoporosis (APCO) has launched a world-first, interactive, educational osteoporosis resource - the APCO Health Care Professional (HCP) Peer to Peer Educational Modules - today, to mark World Osteoporosis Day (Wednesday, October 20).

Key Points: 
  • In a strong effort to stem the tide, and to promote quality care in osteoporosis, the Asia Pacific Consortium on Osteoporosis (APCO) has launched a world-first, interactive, educational osteoporosis resource - the APCO Health Care Professional (HCP) Peer to Peer Educational Modules - today, to mark World Osteoporosis Day (Wednesday, October 20).
  • Minimum clinical standards for the assessment and management of osteoporosis are therefore urgently required in the Asia Pacific, to inform clinical practice guidelines, and improve osteoporosis care.
  • 'The Framework' comprises 16 minimum clinical standards that serve as a benchmark for the provision of best practice osteoporosis care in the Asia Pacific.
  • This will enable the delivery of best practice osteoporosis care throughout the Asia Pacific - the world's fastest ageing region.

As Crypto Prices Reach for New Highs, DigiMax Strategy Continues to Strengthen

Tuesday, October 19, 2021 - 9:06pm

Added to this, the DigiMax team has developed a trading strategy that it has shared with its subscribers through webinars that it calls "Modulation."

Key Points: 
  • Added to this, the DigiMax team has developed a trading strategy that it has shared with its subscribers through webinars that it calls "Modulation."
  • Potentially even more enticing than the returns, is the fact that the monthly variability in returns is actually very low.
  • Investment into that fund was seeded by a US$1 million deposit into the Fund by DigiMax.
  • DigiMax continues to expand its relationships with Crypto Exchanges with more official relationships expected to be announced on an ongoing basis.

Seven autumn trade fairs open next Wednesday

Tuesday, October 19, 2021 - 9:00pm

HONG KONG, Oct 20, 2021 - (ACN Newswire) - Continuing its commitment to helping small and medium-sized enterprises (SMEs) capture new opportunities, the Hong Kong Trade Development Council (HKTDC) is bringing its seven autumn trade fairs* together into a single "physical + online" platform this year.

Key Points: 
  • HONG KONG, Oct 20, 2021 - (ACN Newswire) - Continuing its commitment to helping small and medium-sized enterprises (SMEs) capture new opportunities, the Hong Kong Trade Development Council (HKTDC) is bringing its seven autumn trade fairs* together into a single "physical + online" platform this year.
  • The seven trade fairs* have attracted the participation of close to 1,700 exhibitors.
  • In addition to local exhibitors, a number of overseas exhibitors will send their local representatives to participate in the physical fairs or set up online booths.
  • A great variety of new tech products, intelligence and events will be presented at the seven trade fairs*.

Entry into 3-Year Lease for an Industrial Property in Singapore to Commence Production of Lab-Grown Diamonds

Tuesday, October 19, 2021 - 2:32pm

Ltd. ("AET") has entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds.

Key Points: 
  • Ltd. ("AET") has entered into a 3-year lease agreement for an industrial property located at Kallang for the production of lab-grown diamonds.
  • Diamonds are more widely known to be used in jewellery but diamonds are also commonly used for industrial applications in oil & gas, medical equipment, aerospace, among others.
  • There are also continual discoveries of greater uses for diamonds in industrial applications, which could herald future electronics with powerful new properties that will enable next-generation military, aerospace and telecommunications applications(1).
  • Building on our current momentum, we look forward to expand our production capabilities in Singapore and grow our business presence globally."

Ev Dynamics Delivers Over 70 Electric Minibuses to the Philippines

Tuesday, October 19, 2021 - 11:10am

HONG KONG, Oct 19, 2021 - (ACN Newswire) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, has already delivered over 70 units of 6.5-meter COMET electric minibuses to the Philippines.

Key Points: 
  • HONG KONG, Oct 19, 2021 - (ACN Newswire) - Ev Dynamics (Holdings) Limited (the "Company", Stock Code: 476, together with its subsidiaries, collectively "Ev Dynamics" or the "Group"), a provider of new energy vehicles and integrated technology solutions, has already delivered over 70 units of 6.5-meter COMET electric minibuses to the Philippines.
  • The electric vehicles will be mainly used in the Philippines and Malaysia.
  • Freddie Tinga, CEO of GET Worldwide, said: "The Philippines alone could have a demand of at least 100,000 units of this type of vehicle.
  • John Ma, COO of Ev Dynamics, said: "The COMET is the outcome of 3 years of hard development of our R&D team.

Myanmar Government to Re-Open Schools, Revive Economy and Support Currency to Overcome 'Triple Crisis Situations' of Pandemic, Economic Slowdown and Issues of National Stability

Tuesday, October 19, 2021 - 7:30am

Myanmar is facing crises of pandemic infection, economic slowdown and national stability at the same time, a situation not shared by any other country in ASEAN or even Asia.

Key Points: 
  • Myanmar is facing crises of pandemic infection, economic slowdown and national stability at the same time, a situation not shared by any other country in ASEAN or even Asia.
  • Hence, even as the country pursues recovery, it looks forward to support from the international community, the Government said in a statement.
  • Despite the sabotage, the Government will do its utmost to support the economy as well as all Myanmar people.
  • "Despite the efforts of Myanmar Government to restore political, social and economic stability amid the pandemic, those opposed to recovery have stepped up violence and disruption of the economy.