Published by Daily Financial Times Senior banker Sandra A. Walgama has been appointed to the Pan Asia Bank PLC Board as a Non-Executive Independent Director. Walgama was the former Senior Deputy General Manager – Personal Banking at Commercial Bank. She has over 40 years of banking experience and specialises in banking, finance, wealth management, corporate banking, and SME/retail banking. She is a Director at CBC Myanmar Micro Finance Company Ltd. She was previously a Director at CBC Tech Solutions Ltd. She is an Associate of the Institute of Bankers of Sri Lanka, Associate of the Institute of Administrative Accounting (London…

Published by DPA The French energy company Total is withdrawing completely from Myanmar, one year after a military coup unleashed violence and unrest amid a crackdown on pro-democracy protesters. The company said on Friday that the move was based on the deteriorating human rights situation and the general state of insecurity in the South-East Asian nation. TotalEnergies also cited pressure from rights groups and shareholders who did not want to see Myanmar’s military rulers reaping proceeds from the gas production. After earlier abandoning other energy projects in Myanmar, Total said on Friday it was also quit…

Published by ValueWalk Sustainable investing continues apace and looks to have a banner year in 2022. Recently, greater scrutiny of greenwashing and tighter rules defining sustainable investing have emerged too.[1] ESG-oriented assets under management (AUM) now equals $35 trillions, roughly a third of total AUM. Green, social, sustainability and sustainability-linked bond issuances from corporations and governments worldwide crested US $1 trillion last year.[2] Q4 2021 hedge fund letters, conferences and more Despite ESG’s popularity, the social factor has not earned the same attention as environmental and corporate…

Published by Al-Araby Facebook has been through the wringer the past few years for its tone-deaf approach to everything fromdata privacy to its role in inciting genocide in Myanmar. Thus, it will not be welcome news to Mark Zuckerberg that Israel’s justice minister, Gideon Saar, is proposing a piece of draconian legislation, popularly named the “Facebook Law.” It would enforce widespread censorship of online content. Leading digital rights advocate Tehilla Schwartz Altschuler of the Israel Democracy Institute says such a provision “does not exist in any other democracy in the world.” Touted by supporters as a law t…

Published by Mongabay Combating illegal logging and deforestation in the tropical forests of southwest Myanmar helps preserve wildlife populations, but remains insufficient in the face of unsustainable local hunting pressures, a new study has found. Researchers, whose work was published in Animal Conservation in November, used camera trap data from between 2016 and 2019 to map the activity patterns of humans and other medium to large mammals in Rakhine state. They then modeled the effect of environmental and human factors — such as percentage of continuous evergreen forest, distance from settlements, and presence o…