A leading Myanmar actor, singer and model who has backed the country's anti-coup protests was arrested on Thursday, his sister said, as the junta hunts more than 100 celebrities for supporting the movement.
The country has been rocked by daily protests since the military seized power on February 1, and the authorities have launched a bloody crackdown on dissent, with hundreds killed and more than 2,500 arrested.
Paing Takhon, 24 – a star in both Myanmar and neighbouring Thailand – has been active in the protest movement both in person at rallies and through his massive social media following.
"Some 50 soldiers with eight military trucks," came to arrest him from his mother's home in the North Dagon area of Yangon early Thursday, his sister Thi Thi Lwin posted on Facebook.
"As he's seriously ill, they arrested him calmly without violence. We do not know where he's taken," she added.
According to recent posts on his social media – where he had more than a million followers on Facebook and Instagram – Paing Takhon has been in poor health.
"I haven't been in good health for many days. I used to pray whenever I worshipped Buddha for good health and to get peace in Myanmar as soon as possible," he wrote on Wednesday.
In February he posted pictures of himself in a white tracksuit with a megaphone, hard hat and a white fluffy dog strapped to his chest at a protest.
"Help us stop crime against humanity," he posted on Instagram in February.
His social media pages have been taken down, though it is not clear whether he did this himself.
Paing Takhon is also famous in Thailand and has appeared in TV commercials and shows.
In January, he shaved his head and briefly joined the Buddhist monkhood, posting pictures of himself in burgundy robes.
The Myanmar authorities have published a list of some 120 celebrities wanted for arrest, including singers Lin Lin and Chit Thu Wai, actors Phway Phway, Eaindra Kyaw Zin and Pyay Ti Oo and model May Myat Noe.
The celebrities are facing accusations of spreading dissent against the military, an offence that carries a three year jail term if convicted.
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Rasmi Ragy is a senior counsel at Charles Russell Speechlys, a law firm headquartered in London with offices in Europe, the Middle East and Hong Kong.
Experience: Prosecutor in Egypt with more than 40 years experience across the GCC.
Education: Ain Shams University, Egypt, in 1978.
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Cyberbullying can take place on various platforms such as messages, on social media, on group chats, or games.
Parents should watch out for behavioural changes in their children.
When children are being bullied they they may be feel embarrassed and isolated, so parents should watch out for signs of signs of depression and anxiety
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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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