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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SOURCE
SPX
S&P 500 Index
7718.61
7718.61
7718.61
7750.19
7706.12
-29.09
-0.38%
--
--
DJI
Dow Jones Industrial Average
53414.25
53414.25
53414.25
53635.35
53289.88
-271.86
-0.51%
--
--
IXIC
NASDAQ Composite Index
26506.98
26506.98
26506.98
26628.58
26444.84
-77.07
-0.29%
--
--
USDX
US Dollar Index
99.070
99.070
99.150
99.330
98.850
+0.120
+ 0.12%
--
--
EURUSD
Euro / US Dollar
1.16123
1.16123
1.16147
1.16328
1.15847
-0.00122
-0.10%
--
--
GBPUSD
Pound Sterling / US Dollar
1.35155
1.35155
1.35187
1.35487
1.34814
-0.00076
-0.06%
--
--
XAUUSD
Gold / US Dollar
4430.38
4430.38
4430.38
4490.63
4365.37
-42.36
-0.95%
--
--
WTI
Light Sweet Crude Oil
89.303
89.303
89.336
89.911
86.927
-0.305
-0.34%
--
--

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The Secretary Of Iran's Supreme National Security Council Stated That The United States Attempted To Secretly Send Five To Six Ships Through The Region At Great Expense, And These Ships Are Typically Targeted. However, Iran Has Not Yet Decided To Sink These Smuggling US Vessels Because They Are Carrying Oil And Would Damage The Regional Environment

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The Secretary Of Iran's Supreme National Security Council Stated That The Strait Of Hormuz Is Completely Closed, And Trump's Claim That It Is Open Is A Colossal Lie. Before The Closure, Over 100 Ships Transported More Than 100 Million Tons Of Cargo Daily, But Now Only A Maximum Of 7 To 8 Ships Carrying Essential Iranian Supplies Are Allowed To Pass Through

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According To Iranian State Media, Iran's Top Security Official Stated That A Restricted Zone Outside The Strait Of Hormuz Will Be Announced In The Coming Days. This Zone Will Extend From The US Naval Blockade Line Into The Gulf Region. Any Vessels Entering This New Zone Will Be Placed On A Sanctions List

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U.S. Energy Secretary Wright: A Nuclear Agreement With Iran Is Unlikely To Be Reached In The Short Term, And The United States Still Needs To Take Military Action To Deal With The Threat From Tehran

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Israeli Finance Minister: Israeli Prime Minister Netanyahu Has Ordered The Withdrawal Of Some Settlement Outposts In The West Bank

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According To The Associated Press, U.S. Central Command Spokesman Tim Hawkins Said That Previous Claims That Iran Hit A U.S. Unmanned Vessel In The Strait Of Hormuz Were "complete Lies."

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U.S. President Trump Posted A Map On Social Media Labeling New Mexico As "New America."

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U.S. Special Envoy Witkov: We Have Visited Moscow Approximately Eight Times And Met With Putin And His Team, And Have Always Been Treated With Respect. Building Relationships Is Crucial In Resolving Such Conflicts; If You Have No Relationships With Either Side, The Chances Of A Peaceful Resolution Are Extremely Slim

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Ukrainian President Zelensky: Without A Tough Stance On The Battlefield And Without Ukraine's Own Solid Position, All That's Left Is An "ultimatum," But Now, Diplomatic Means Are Feasible

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Ukrainian President Volodymyr Zelenskyy: Over The Past Year, I Believe We Have Grown Stronger. Our Armed Forces Have Performed Exceptionally Well, Creating Opportunities For Diplomatic Engagement

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Jared Kushner, Trump's Son-in-law: Putin Has A Different Vision For Russia, And These Visions Can Be Realized Even After The Conflict Ends

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Jared Kushner, Trump's Son-in-law: We've Sent A Lot Of Aid To Gaza, And Now The Malnutrition Rate There Is One Of The Lowest In The World. We Have A Plan To Rebuild Gaza. These Things Take Time

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Jared Kushner, Trump's Son-in-law: Trump Has A Proven Track Record Of Accomplishing The Impossible. The Previous Administration Did Not Visit Russia; Only The CIA Director Made One Trip

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U.S. Presidential Envoy Witkov: We First Met With Russian President Putin To Ascertain His Position. We Held Practical And In-depth Talks With Him And Informed Zelensky Of The Situation. We Are Confident That This Matter Can Be Resolved Properly

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In The State Election In Saxony, Germany, The Far-right Party Secured A Substantial Lead

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Jared Kushner, Trump's Son-in-law: There Are No Permanent Enemies Or Permanent Allies In The World

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Iran Warns It Will Respond To U.S. Attacks With "faster, Fiercer, And More Painful" Measures

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Clashes Between Yemeni Government Forces And Houthi Rebels Have Left At Least 117 People Dead

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Business Representatives From 129 Countries And Regions Seek Investment Opportunities At The Fair

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Jared Kushner, Trump's Son-in-law: We Are Working With Hamas To Move Towards Disarmament And Have Reached An Agreement With Israel On The Ultimate Goal Of The Gaza Strip Plan

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          The Arakan Army battles for legitimacy

          Justin

          Political

          Tensions in Northern Myanmar

          Summary:

          The Arakan Army (AA) has captured significant territory in Rakhine State and is striving to establish itself as the legitimate government by providing public services and infrastructure.

          The Arakan Army (AA) has captured significant territory in Rakhine State and is striving to establish itself as the legitimate government by providing public services and infrastructure. But the AA faces a legitimacy crisis due to its status as a rebel group, which hampers international recognition and disrupts trade, particularly with Bangladesh.
          The AA's handling of the Rohingya refugee crisis is crucial, as its discriminatory actions and prejudices against the Rohingya undermine its efforts to gain positive international standing. The region is suffering from a severe humanitarian crisis, worsened by Cyclone Mocha and ongoing conflicts, necessitating extensive rebuilding efforts. To achieve legitimacy, the AA must overcome these governance and humanitarian challenges.
          On 20 December 2024, the Arakan Army (AA) announced that it had captured the headquarters of the Myanmar junta’s Western Command — one of 14 similar commands scattered throughout the country. The Western Command was the second to fall into rebel hands, the first being the Northeastern Command, which was taken by the Myanmar National Democratic Alliance Army in August 2024. The AA holds 13 of the 17 townships in Rakhine State and declared in October 2024 that it would transform the whole state into a junta-free zone.
          The AA is attempting to govern the territories it has captured by establishing infrastructure and providing public services, like levying taxes, initiating a vaccine program and introducing a judicial program. But despite significant military advances in 2024, the AA faces considerable obstacles in achieving liberation from Burmese domination, as formulated in their doctrine, ‘The Way of Rakhita’.
          It emphasises the right of Rakhine people to create their own destiny, free from external influence. Having captured a large swath of territory and enjoying popular support from Arakanese people, the AA has begun portraying itself as the legitimate government of Arakan by creating so-called ‘departments’ to implement policies and provide public services.
          But the AA is experiencing an international legitimacy crisis. Its status as a rebel group has hindered its attempt to engage with other countries on an equal basis. Though Bangladeshi authorities initially declined any contact with the AA, the country’s home advisor admitted that the government maintains links with both the AA and the junta to protect Bangladeshi interests.
          The Myanmar–Bangladesh border being under AA control has prompted Bangladesh to establish an unofficial channel with the AA. Yet the AA still has a long way to go before being recognised as the legitimate government of Arakan.
          Trade between Rakhine State and Bangladesh has halted. The last cargo vessel to leave Maungdaw in Rakhine State arrived in Bangladesh on 3 December 2024. Though the AA has attempted to revive stalled trade, Dhaka has not responded favourably. In December 2024, a consignment of rice sacks, accompanied by a tax receipt signed by an AA official was seized at a Bangladeshi port.
          There is some hope that the AA will gain recognition. In March 2024, representatives from the AA met with an Indian MP to discuss the construction of a road under the Indian-funded Kaladan Multi-Modal Transit Transport Project. This indicates it may only be a matter of time before both domestic and foreign stakeholders engage with the new reality in Arakan.
          Whether Bangladesh will establish a relationship with the AA partially depends on whether the AA is willing to accept Rohingya refugees. Bangladesh’s foreign advisor has stressed that ‘peace and stability in the region would remain unattainable without resolving the Rohingya crisis, which necessitates their safe and secure repatriation to Myanmar’.
          Bangladesh has declared that it will no longer accept additional Rohingya refugees. With the AA having near–complete control of Rakhine State, the responsibility falls on the AA to take the lead in repatriation efforts. The way in which the AA handles the issue could affect its image internationally.
          Rohingya activists stationed in third countries consistently criticise the AA’s high-handed treatment of Rohingya civilians. 28 Rohingya organisations have called on the AA to uphold the rights of ethnic minorities. A report published in November 2024 states that the AA killed dozens of Rohingya with aerial bombs in August and forcibly evacuated them from Maungdaw town without providing assistance. These events underscore the tension between the AA and the Rohingya population.
          The AA harbors prejudices against the Rohingyas, describing Rohingya armed groups such as the Arakan Rohingya Salvation Army as ‘Muslim extremists’. This attitude stems from the fact that these groups collaborated with the junta and were involved in violence. The junta’s forceful conscription of Rohingyas into the military only exacerbated existing racial conflict. The way in which the AA resolves the Rohingya issue will decide whether it is hailed as a benevolent force or condemned as another genocidal armed actor.
          International human rights watch group Fortify Rights recently published a statement condemning AA for human right violations. The statement cited footage of AA soldiers torturing and executing two individuals who seem to be captured Rohingya soldiers from the junta’s army and urged the International Criminal Court (ICC) to investigate. Although AA had admitted to the killings, it had rejected the ICC’s involvement as unnecessary, arguing that it has necessary mechanisms in place to deal with such cases. The case is one among many in which the international perception of AA can change due to the way it handles Rohingya issues.
          Beyond the Rohingya question, the Arakan region as a whole faces a severe humanitarian crisis. The AA’s siege and the junta’s irresponsibility have caused starvation in some towns and the conflict has led to insufficient medical aid. Those fleeing Arakan to other regions are facing various difficulties, such as rising rents, discrimination and restriction on movement. Refugees sheltering in the Ramree township are in need of urgent help and 2 million Rakhine residents are on the brink of starvation. Cyclone Mocha — which made landfall on Rakhine coast — destroyed basic infrastructure and 85 per cent of existing camps for internally displaced persons (IDP). In Sittwe, only 10,634 of the 76,090 IDPs received assistance. Some people do not have homes to return to, as towns and villages were razed by the junta’s airstrikes. The AA needs to rebuild the Arakan region from scratch before it can function fully again — with much left to do for the AA to become a legitimate government.
          Htet Hlaing Win is a former student at University of Yangon, Myanmar. He now works as a contributor to Myanmar session for Asia in Review published by the German-Southeast Asian Center of Excellence for Public Policy and Good Governance.

          Source:Eastasiaforum

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