Irrawaddy-Apr 9
Myanmar’s regime has raised the official retirement age for civil servants to 62 in a bid to shore up its dwindling military manpower, which has been hit by battlefield attrition and desertions since the coup. The official retirement age was previously set at 60. Though the Civil Service Personnel Law does not count police and soldiers as civil servants, junta spokesman Major General Zaw Min Tun said the amendment would also apply to military personnel and police. Hundreds of junta soldiers and police have been killed and thousands more have deserted as a result of fighting with resistance groups and ethnic armed organizations since the military coup.
Forex Decree a Headache For Foreign Business
The Singapore, Japan and EU embassies have asked the Myanmar regime to exempt their nationals’ companies from a draconian new foreign-exchange regulation.
On April 3, the Central Bank of Myanmar ordered that foreign exchange earned by locals must be converted into the local currency at the official rate within one working day. The embassy of Singapore, which is the biggest investor in Myanmar, said “Singaporean companies operating in Myanmar will face serious challenges to their regular operations under the new regulation, and may have difficulty in continuing their business in the country.” Read more at: https://www.irrawaddy.com/specials/junta-watch/junta-watch-regime-plans-thingyan-party-amid-chaos-official-retirement-age-raised-and-more.html
