Myanmar leader Aung San Suu Kyi joined Facebook and told her online followers that she did this to share news about coronavirus.
Suu Kyi posted what appeared to be her first personal Facebook account online, saying that she initially did not want to use the website, but her profile “was created to communicate with people related to Covid 19 challenges faster and more efficiently.”
Almost half of the country’s 51 million people use Facebook, the company says, and their profile has already gained more than 955,000 followers.
However, Suu Kyi’s health messages will not be accessible to many people living in conflict areas in the country. The Internet has been blocked since June in areas of the state of Rakhine and Chin where violent fighting has broken out between the military and the Arakan Army, a rebel group demanding greater autonomy for the state’s ethnic rakhine.
Numerous rights groups and international organizations have called on Myanmar to lift the restrictions and warn that communities must be given access to important information.
This call was repeated on Wednesday by 18 ambassadors in Myanmar, including the United Kingdom and the United States, who expressed deep concern about the high levels of fighting, casualties and displacement of civilians in the states of Rakhine and Chin and the risk of further conflict in other areas Expressed. ”
They also reiterated the UN Secretary-General’s call for a global ceasefire so that countries can focus on fighting the pandemic.
The Philippine President orders the police to shoot dead residents who break the quarantine
Filipino President Rodrigo Duterte has been frequently criticized by working groups after ordering the police to shoot dead residents who violate the quarantine rules.
His violent threat follows the arrest of 21 people who have apparently walked the streets of Metro Manilas Quezon City to seek help from the government.
Police said the group protested without permission, although the website rapper reported that it was not clear whether all of the residents were demonstrating or if some were just looking for food. Concern is growing about how the poorest people in the Philippines will survive a month – long lockout imposed on the country’s main island, Luzon.
Many of the 48 million inhabitants live hand to mouth and rely on daily work to support their families.
The government has promised to provide support to 18 million low-income households, but this has not been released due to administrative hurdles.
On Wednesday evening, Duterte asked people to wait for help, adding, “Even if it is delayed, it will arrive and you will not go hungry.” You won’t die of hunger. “
Quarantine measures would be strictly enforced. “I will not hesitate. My command is to the police and the military, including the Barangay, if there is trouble or the situation arises that people are fighting and your life is at stake, shoot them. Do you understand? Dead. Instead of causing trouble, I’ll send you to the grave, ”he said in a television address.
Still with finances, but a really good look at How the virus increases the cost of higher risk companies like the Carnival cruise company.
The company was clearly severely affected by the eruption of several of its ships, and its shares in the United States fell 80% this year. It has admitted that demand may never be the same again, and has been forced to pay a massive premium to raise money this week to stay afloat.
In the United States, $ 6.25 billion was raised by issuing new debt and equity. While the issue was oversubscribed, Carnival rated $ 4 billion in 2023 bonds with a yield (or interest rate) at face value of 11.5%.
That is an enormous cost. Carnival paid a 1% return in October when it borrowed $ 657.7 million in the European debt market. Significantly it also had to use its ships as security to secure funding.
The company also raised USD 1.75 billion convertible bonds with a coupon of 5.75%.
To learn more about the corporate credit crisis, this is an article I wrote about a week ago.
The financial markets are currently in a strange position. They have recovered some losses thanks to massive government and central bank intervention around the world. However, the grim reality of what the virus is doing to economies continues to weigh on investor sentiment.
In Australia, the ASX200 reference index has dropped nearly 2% today as parts of the nation are considering another 90 day vesting period. In Japan, the Nikkei fell 0.4% as cases continue to increase. The stocks in China, Hong Kong and Korea have risen.
The US dollar held gains against other currencies as people continue to move their money into the greenback as it is seen as a safe haven at a time when everything else is turning into pudding.
Trump’s warnings of difficult days don’t help here.
This comment from an expert, Chris Rupkey, chief financial economist at MUFG Union Bank in New York, to Reuters, is quite frightening:
If America’s optimistic president warns that the worst of the pandemic is yet to come, which factory in her mind would keep the doors open and workers on the payroll? With only a few actual data points so far The results show that this looks more like a depression than a garden variety recession.