Myanmar's military regime has shifted its arms financing to Thai banks from Singapore after Singapore tightened restrictions on Myanmar-related accounts. Thailand has become the primary banker and source of military supplies for Myanmar's junta, with Thailand-registered companies transferring over $120M worth of military equipment in 2023. This shift follows a significant drop in procurement through Singapore, as reported by a UN special rapporteur.
Companies registered in Thailand have filled the void left by those registered in Singapore in supplying weapons and banking services to Myanmar's junta, according to UN special rapporteur Tom Andrews. From April 2023 to March 2024, imports by the junta—comprising weapons,… https://t.co/1ht12ohfp5
Thailand-registered companies transferred $120M+ worth of military equipment to Myanmar’s regime last year, up from $60M in 2022, according to a new UN rapporteur report. Procurement through Singapore dropped sharply, reflecting a government crackdown. https://t.co/pBVrdfBBNJ
🇲🇲 - 🇹🇭 Very interesting long read on how Thai banks are now the biggest facilitator of arms financing of Myanmar's junta. https://t.co/okoxEvjp8A
Good morning, America. This was our most read story while you were sleeping. Myanmar military shifts arms financing to Thai banks from Singapore https://t.co/SvzATaiFvc
Thailand has replaced Singapore as the preferred banker and leading source of military supplies purchased through the international banking system by Myanmar's military regime, after Singapore cracked down on Myanmar-related accounts at its top banks. https://t.co/daGoKrWTPi https://t.co/swG45Vyu6Q
Myanmar military shifts arms financing to Thai banks from Singapore https://t.co/in2ura4r7n
Good morning, America. This was our most read story while you were sleeping. https://t.co/ilkJJ4oCLy