{"id":8341,"date":"2021-05-14T13:07:04","date_gmt":"2021-05-14T03:07:04","guid":{"rendered":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?p=8341"},"modified":"2023-08-07T10:43:07","modified_gmt":"2023-08-07T00:43:07","slug":"south-east-asia-snapshot-12","status":"publish","type":"post","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/","title":{"rendered":"Southeast Asia Snapshot #12"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">LUCY WEST  |  <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>A fortnightly snapshot of what\u2019s making headlines in South East Asia.<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Myanmar\u2019s banking sector under pressure<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On 11 May, Myanmar\u2019s currency the kyat declined to its lowest point ever against the US dollar in a decade\u2014illustrative of the <a href=\"https:\/\/www.frontiermyanmar.net\/en\/a-crisis-of-confidence-looms-over-myanmars-banks\/\">decline in public trust<\/a>. Since the coup on 1 February, the country\u2019s Central Bank and private banks have seen fewer deposits and an increase in cash withdrawals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With the country\u2019s Central Bank no longer able to guarantee enough funds for private banks, many private banks are now <a href=\"https:\/\/www.rfa.org\/english\/news\/myanmar\/banking-05122021183455.html\">limiting money withdrawals<\/a> to 200,000 (US$128) to 300,000 kyat per customer per day. Pre-coup, each customer could withdraw around 1 million kyat daily. Some ATMs are reported to have run out of cash and people in Yangon have lined the streets waiting to withdraw their money.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Since the coup, the banking sector has been on the brink of collapse with cash shortages and limited access to social welfare payments and international remittances from those abroad. It is reported that the country\u2019s <a href=\"https:\/\/www.irrawaddy.com\/news\/burma\/100-days-since-myanmars-coup-looming-economic-collapse-poverty-and-hunger.html\">sea trade has been suspended<\/a> because banks are unable to issue import\/export documents, and many companies have been unable to pay employees because banks are not issuing payrolls.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Some analysts have warned that if cash withdrawals continue at their current rate the country\u2019s banking system may collapse in the coming months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Eid travel restrictions for Indonesia &amp; Malaysia<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the second year in a row, Muslims in Indonesia and Malaysia are <a href=\"https:\/\/www.voanews.com\/covid-19-pandemic\/indonesia-begins-eid-al-fitr-travel-ban-some-try-skirt-rules\">restricted from travelling<\/a> during the Eid ul-Fitr festive period. To mark the end of the Ramadan (fasting month), millions of people typically return to their homeland to be with family and friends\u2014known as \u2018mudik\u2019 in Indonesia.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">President Joko Widodo <a href=\"https:\/\/www.scmp.com\/news\/asia\/southeast-asia\/article\/3133314\/too-sad-virus-stifles-eid-celebrations-asias-muslims\">expressed<\/a> in a televised speech: \u201cI understand that we all miss our relatives at times like this, especially in the momentum of Eid \u2026 but let\u2019s prioritise safety together by not going back to our hometowns\u201d. In a move to reduce infections, the governor of Jakarta also ordered the closure of shopping malls and restaurants and issued restrictions on congregational prayers.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Despite efforts to restrict movements, an estimated <a href=\"https:\/\/www.arabnews.com\/node\/1857981\/world\">1.5 million people had still left Jakarta<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">to travel to their hometowns throughout Indonesia\u2019s main island of Java. However, this is in stark contrast to the usual 8 million in pre-pandemic years.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Malaysia\u2019s Prime Minister Muhyiddin Yassin surprised citizens with a <a href=\"https:\/\/www.scmp.com\/news\/asia\/southeast-asia\/article\/3133314\/too-sad-virus-stifles-eid-celebrations-asias-muslims\">nationwide lockdown<\/a> to curb case numbers. The latest <a href=\"https:\/\/www.scmp.com\/week-asia\/health-environment\/article\/3132939\/coronavirus-malaysia-enter-new-lockdown-muhyiddin\">Movement Control Order<\/a> will remain in place from 12 May to 7 June.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>COVID-19 clusters in Thai prisons<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">On Thursday Thailand reported that nearly <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/thailand-reports-record-covid-19-infections-after-prison-clusters-2021-05-13\/\">3,000 inmates had tested positive for<\/a> the virus across two prisons. Among those detainees infected is one of the anti-government protest leaders who is awaiting trial for insulting the king. It is reported that the <a href=\"https:\/\/www.hrw.org\/news\/2021\/05\/13\/thailand-covid-19-outbreaks-prisons\">majority of these cases<\/a> are in the Bangkok Remand Prison and the Central Women\u2019s Correctional Institution.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">After a year of relative success, Thailand is suffering its <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/thailand-reports-record-covid-19-infections-after-prison-clusters-2021-05-13\/\">biggest outbreak to date<\/a> with overall cases tripling to 93,794 and deaths increasing fivefold to 518 in the past six weeks. Four vaccines are approved for use in Thailand: Sinovac, Johnson &amp; Johnson, AstraZenca and just recently, Moderna.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>AUTHOR<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\" id=\"block-47a196c9-a613-481d-b5c2-a12f4e3f194e\"><strong>Dr<\/strong>&nbsp;<strong>Lucy West<\/strong>&nbsp;is a Senior Research Assistant at the&nbsp;<a href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\">Griffith Asia Institute<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency the kyat declined to its lowest point ever against the US dollar in a decade\u2014illustrative of the decline in public trust. Since the coup on 1 February, the country\u2019s Central Bank [&hellip;]<\/p>\n","protected":false},"author":228,"featured_media":8233,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1170,1413],"tags":[991,554],"class_list":["post-8341","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commentary","category-south-east-asia-snapshot","tag-dr-lucy-west","tag-southeast-asia"],"acf":[],"modified_by":"Jill Moriarty","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Southeast Asia Snapshot #12 | Griffith Asia Insights<\/title>\n<meta name=\"description\" content=\"LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Southeast Asia Snapshot #12 | Griffith Asia Insights\" \/>\n<meta property=\"og:description\" content=\"LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency\" \/>\n<meta property=\"og:url\" content=\"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/\" \/>\n<meta property=\"og:site_name\" content=\"Griffith Asia Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/griffithasiainstitute\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-05-14T03:07:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-08-07T00:43:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg?fit=1000%2C556&ssl=1\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"556\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucy West\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@GAIGriffith\" \/>\n<meta name=\"twitter:site\" content=\"@GAIGriffith\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Lucy West\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/\"},\"author\":{\"name\":\"Lucy West\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#\\\/schema\\\/person\\\/a7528fa4c7a4a583b3e0258fa3b973c1\"},\"headline\":\"Southeast Asia Snapshot #12\",\"datePublished\":\"2021-05-14T03:07:04+00:00\",\"dateModified\":\"2023-08-07T00:43:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/\"},\"wordCount\":539,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/02\\\/SEA-Snapshot-Image.jpg\",\"keywords\":[\"Dr Lucy West\",\"Southeast Asia\"],\"articleSection\":[\"Commentary\",\"South East Asia snapshot\"],\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/\",\"url\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/\",\"name\":\"Southeast Asia Snapshot #12 | Griffith Asia Insights\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/02\\\/SEA-Snapshot-Image.jpg\",\"datePublished\":\"2021-05-14T03:07:04+00:00\",\"dateModified\":\"2023-08-07T00:43:07+00:00\",\"description\":\"LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#breadcrumb\"},\"inLanguage\":\"en-AU\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#primaryimage\",\"url\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/02\\\/SEA-Snapshot-Image.jpg\",\"contentUrl\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2021\\\/02\\\/SEA-Snapshot-Image.jpg\",\"width\":1000,\"height\":556},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/south-east-asia-snapshot-12\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Southeast Asia Snapshot #12\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#website\",\"url\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/\",\"name\":\"Griffith Asia Insights\",\"description\":\"Asia Insights is published by the Griffith Asia Institute. It offers latest commentary on Asia-Pacific affairs and aims to inform and foster academic scholarship, public awareness and considered and responsive policy making.\",\"publisher\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-AU\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#organization\",\"name\":\"Griffith Asia Institute\",\"url\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/blogs.griffith.edu.au\\\/asiainsights\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/10\\\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/blogs.griffith.edu.au\\\/asiainsights\\\/wp-content\\\/uploads\\\/sites\\\/2\\\/2023\\\/10\\\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1\",\"width\":2930,\"height\":308,\"caption\":\"Griffith Asia Institute\"},\"image\":{\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/griffithasiainstitute\\\/\",\"https:\\\/\\\/x.com\\\/GAIGriffith\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/#\\\/schema\\\/person\\\/a7528fa4c7a4a583b3e0258fa3b973c1\",\"name\":\"Lucy West\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-AU\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe84d5627d3b4b553c2ec9f7ac29d31c7cb016234fa88c156aba17be5f26a8a9?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe84d5627d3b4b553c2ec9f7ac29d31c7cb016234fa88c156aba17be5f26a8a9?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/fe84d5627d3b4b553c2ec9f7ac29d31c7cb016234fa88c156aba17be5f26a8a9?s=96&d=mm&r=g\",\"caption\":\"Lucy West\"},\"url\":\"https:\\\/\\\/testblogs.griffith.edu.au\\\/asiainsights\\\/author\\\/s2833638\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Southeast Asia Snapshot #12 | Griffith Asia Insights","description":"LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/","og_locale":"en_US","og_type":"article","og_title":"Southeast Asia Snapshot #12 | Griffith Asia Insights","og_description":"LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency","og_url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/","og_site_name":"Griffith Asia Insights","article_publisher":"https:\/\/www.facebook.com\/griffithasiainstitute\/","article_published_time":"2021-05-14T03:07:04+00:00","article_modified_time":"2023-08-07T00:43:07+00:00","og_image":[{"width":1000,"height":556,"url":"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg?fit=1000%2C556&ssl=1","type":"image\/jpeg"}],"author":"Lucy West","twitter_card":"summary_large_image","twitter_creator":"@GAIGriffith","twitter_site":"@GAIGriffith","twitter_misc":{"Written by":"Lucy West","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#article","isPartOf":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/"},"author":{"name":"Lucy West","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/a7528fa4c7a4a583b3e0258fa3b973c1"},"headline":"Southeast Asia Snapshot #12","datePublished":"2021-05-14T03:07:04+00:00","dateModified":"2023-08-07T00:43:07+00:00","mainEntityOfPage":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/"},"wordCount":539,"commentCount":0,"publisher":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization"},"image":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#primaryimage"},"thumbnailUrl":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg","keywords":["Dr Lucy West","Southeast Asia"],"articleSection":["Commentary","South East Asia snapshot"],"inLanguage":"en-AU","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/","name":"Southeast Asia Snapshot #12 | Griffith Asia Insights","isPartOf":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#website"},"primaryImageOfPage":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#primaryimage"},"image":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#primaryimage"},"thumbnailUrl":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg","datePublished":"2021-05-14T03:07:04+00:00","dateModified":"2023-08-07T00:43:07+00:00","description":"LUCY WEST | A fortnightly snapshot of what\u2019s making headlines in South East Asia. Myanmar\u2019s banking sector under pressure On 11 May, Myanmar\u2019s currency","breadcrumb":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#breadcrumb"},"inLanguage":"en-AU","potentialAction":[{"@type":"ReadAction","target":["https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/"]}]},{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#primaryimage","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg","contentUrl":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg","width":1000,"height":556},{"@type":"BreadcrumbList","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/south-east-asia-snapshot-12\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/"},{"@type":"ListItem","position":2,"name":"Southeast Asia Snapshot #12"}]},{"@type":"WebSite","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#website","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/","name":"Griffith Asia Insights","description":"Asia Insights is published by the Griffith Asia Institute. It offers latest commentary on Asia-Pacific affairs and aims to inform and foster academic scholarship, public awareness and considered and responsive policy making.","publisher":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-AU"},{"@type":"Organization","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#organization","name":"Griffith Asia Institute","url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/","logo":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/10\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1","contentUrl":"https:\/\/i0.wp.com\/blogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/10\/GU_Griffith-Asia-Institute_rgb_red_horizontal.png?fit=2930%2C308&ssl=1","width":2930,"height":308,"caption":"Griffith Asia Institute"},"image":{"@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/griffithasiainstitute\/","https:\/\/x.com\/GAIGriffith"]},{"@type":"Person","@id":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/#\/schema\/person\/a7528fa4c7a4a583b3e0258fa3b973c1","name":"Lucy West","image":{"@type":"ImageObject","inLanguage":"en-AU","@id":"https:\/\/secure.gravatar.com\/avatar\/fe84d5627d3b4b553c2ec9f7ac29d31c7cb016234fa88c156aba17be5f26a8a9?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/fe84d5627d3b4b553c2ec9f7ac29d31c7cb016234fa88c156aba17be5f26a8a9?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/fe84d5627d3b4b553c2ec9f7ac29d31c7cb016234fa88c156aba17be5f26a8a9?s=96&d=mm&r=g","caption":"Lucy West"},"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/author\/s2833638\/"}]}},"jetpack_featured_media_url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":9957,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/southeast-asia-snapshot-57-2\/","url_meta":{"origin":8341,"position":0},"title":"Southeast Asia snapshot #57","author":"Griffith Asia Institute","date":"6 September 2023","format":false,"excerpt":"SOVINDA PO | In this week's Southeast Asia snapshot, Sovinda Po looks at the election of Thailand's new Prime Minister while Singapore gears up for its upcoming Presidential election. Meanshile US, Japan, Australia and the Philippines conduct joint naval drills, highlighting the importance of maintaining strong alliances and fostering regional\u2026","rel":"","context":"In &quot;Region | Indonesia and Southeast Asia&quot;","block_context":{"text":"Region | Indonesia and Southeast Asia","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/indonesia-and-southeast-asia\/"},"img":{"alt_text":"Southeast Asia snapshot banner showing a map of Asia Pacific with lines of networks as an overlay.","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/06\/sea-snapshot-900x500-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/06\/sea-snapshot-900x500-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/06\/sea-snapshot-900x500-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/06\/sea-snapshot-900x500-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":10635,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/financial-system-development-in-the-solomon-islands\/","url_meta":{"origin":8341,"position":1},"title":"Financial system development in the Solomon Islands","author":"Griffith Asia Institute","date":"14 March 2024","format":false,"excerpt":"ANGELINE ROHOIA, KATIE LONGE\u2019AU AND RAYNOLD MICAH MOVENI\u00a0 |\u00a0\u00a0 The undeniable importance of finance in fostering growth and development is now firmly established. Countless studies have explored the finance-growth nexus and development of financial sectors, per se, across developed and developing countries. Despite this wealth of research, the Pacific region\u2026","rel":"","context":"In &quot;Commentary&quot;","block_context":{"text":"Commentary","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/commentary\/"},"img":{"alt_text":"Financial system development in the Solomon Islands","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/02\/4-Financial-systems-SI.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/02\/4-Financial-systems-SI.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/02\/4-Financial-systems-SI.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2024\/02\/4-Financial-systems-SI.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":10010,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/myanmar-military-nuclear-ambitions-fact-or-fiction\/","url_meta":{"origin":8341,"position":2},"title":"Myanmar military nuclear ambitions: Fact or fiction?","author":"Griffith Asia Institute","date":"28 September 2023","format":false,"excerpt":"ANDREW SELTH\u00a0 |\u00a0 \u00a0 A front page\u00a0story\u00a0in the Sydney Morning Herald in 2009 confidently predicted that within five years Myanmar would have its own nuclear weapon and be capable of producing one atom bomb every year thereafter, if all went according to plan. The story, by two respected Myanmar watchers,\u2026","rel":"","context":"In &quot;Commentary&quot;","block_context":{"text":"Commentary","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/commentary\/"},"img":{"alt_text":"Myanmar pagodas","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/09\/myanmar.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/09\/myanmar.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/09\/myanmar.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2023\/09\/myanmar.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":6792,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/determinants-of-private-sector-credit-in-papua-new-guinea\/","url_meta":{"origin":8341,"position":3},"title":"Determinants of private sector credit in Papua New Guinea","author":"Griffith Asia Institute","date":"6 January 2020","format":false,"excerpt":"SOLOMON KASINGU, GAIL SABOK, DIANA TUAM, JECONIAH HAMUA, JEN-JE SU AND PARMENDRA SHARMA | It is widely accepted that finance is sine qua non for start-up, establishment and expansion of a private sector enterprise; capital is indeed critical for operational as well non-operational activities.\u00a0 Generally, the capital structure encompasses a\u2026","rel":"","context":"In &quot;Feature series&quot;","block_context":{"text":"Feature series","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/feature-series\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/01\/PNG-money-counter-900x500-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/01\/PNG-money-counter-900x500-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/01\/PNG-money-counter-900x500-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/01\/PNG-money-counter-900x500-1.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":7460,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/information-sharing-among-pacific-central-banks-some-thoughts\/","url_meta":{"origin":8341,"position":4},"title":"Information sharing among Pacific central banks","author":"Griffith Asia Institute","date":"12 June 2020","format":false,"excerpt":"RAYNOLD MICAH MOVENI\u00a0 |\u00a0\u00a0 In a previous article on the Pacific Forum, I raised the prospect of information sharing among the people of the South Pacific\u2014particularly those in rural areas. In this article, I offer some thoughts on \u2018information sharing\u2019 among central banks in the region. Building on Governor Luke\u2026","rel":"","context":"In &quot;Commentary&quot;","block_context":{"text":"Commentary","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/publication\/commentary\/"},"img":{"alt_text":"Group of South Pacific Bank representatives in a round table meeting.","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/06\/information-sharing.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/06\/information-sharing.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/06\/information-sharing.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2020\/06\/information-sharing.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":5305,"url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/inaugural-south-pacific-central-banking-research-conference\/","url_meta":{"origin":8341,"position":5},"title":"Inaugural South Pacific Central Banking Research Conference","author":"Jill Moriarty","date":"2 January 2019","format":false,"excerpt":"Approximately 100 central bank researchers, academics, business leaders and policymakers attended a two-day conference in Suva on 12-13 December to share current research on various economic and financial issues affecting the region. The conference gave participants an\u00a0opportunity to explore vital links between research and policy issues related to central banking\u2026","rel":"","context":"In &quot;Events&quot;","block_context":{"text":"Events","link":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/category\/events\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2019\/01\/2018-conference-2.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2019\/01\/2018-conference-2.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2019\/01\/2018-conference-2.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2019\/01\/2018-conference-2.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_likes_enabled":true,"featured_image_thumbnail_url":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-content\/uploads\/sites\/2\/2021\/02\/SEA-Snapshot-Image.jpg","_links":{"self":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/posts\/8341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/users\/228"}],"replies":[{"embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/comments?post=8341"}],"version-history":[{"count":0,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/posts\/8341\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/media\/8233"}],"wp:attachment":[{"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/media?parent=8341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/categories?post=8341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testblogs.griffith.edu.au\/asiainsights\/wp-json\/wp\/v2\/tags?post=8341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}