Summary of News
- Account opening at the Spring Development Bank (SDB) does not require initial deposits
- Terrorist military killed three PDF comrades who were guarding Sone Chaung village of Yinmabin Township and abducted ten villagers
- During the clashes in June 2023, the KNU/KNLA allied forces eliminated 46 members of the military junta, including one colonel, one lieutenant colonel and one surveillance police officer
- EU imposes another round of sanctions on Myanmar, targeting six individuals and one entity relating to the military junta
- Milan, Italy, will host a public demonstration in support of the Global Myanmar Spring Revolution
- A junta column invading western Wetlet Township was struck by landmines, resulting in the deaths of at least five junta soldiers
1. Account opening at the Spring Development Bank (SDB) does not require initial deposits
At a press conference held on July 20, U Tin Tun Naing, Union Minister for the National Unity Government’s Ministry of Planning, Finance and Investment, stated that there is no initial deposits needed to open accounts at the Spring Development Bank (SDB).
“To open an account at a conventional private bank, you need to make an initial deposit of 5,000 or 10,000 kyats. If you open an account at the Spring Development Bank, you do not have to pay a single penny. We arranged for user to use the entire banking system through an account. All this is a financial attack aimed at being a part of the revolution,” Union Minister U Tin Tun Naing said.
The SDB aims to expand its services to reach 100,000 users within the first six months and up to 500,000 users in the following six months.
The SDB will offer basic banking services, including remittances, payments, foreign currency exchange, gold purchases, fixed deposits, and loans. According to the current plan, bank interest will be given based on the rate set for one-month, six-month, or twelve-month fixed deposits.
International researchers have recognised that NUG has successfully utilised the crowdfunding model, a way of funding a project or venture by raising money from a large number of people, mainly through online platforms, to fund itself.
2. Terrorist military killed three PDF comrades who were guarding Sone Chaung village of Yinmabin Township and abducted ten villagers
According to the Kani Township People’s Defence Force (KLG PDF), the terrorist military troops raided Sone Chaung village in Yinmabin Township in the early hours of July 21, killing three PDF comrades who were guarding the village and abducting ten villagers.
“About three o’clock in the morning today, the junta troops that came down from the direction of Shwe Tung Oo [pagoda] raided Sone Chaung village in Yinmabin Township and killed three comrades who were guarding the village. Then they torched a house and abducted ten civilians from the village,” said the KLG PDF.
3. During the clashes in June 2023, the KNU/KNLA allied forces eliminated 46 members of the military junta, including one colonel, one lieutenant colonel and one surveillance police officer
According to the Karen National Union (KNU) statement on July 21, from June 1st to June 30th, 2023, in the KNU’s Dooplaya District, which is in the KNU Brigade 6 territory, the two armed wings of the KNU, the Karen National Liberation Army (KNLA), the Karen National Defence Organisation (KNDO), and combined PDF columns under the command of the two armed wings engaged in 5 major clashes and 24 small clashes with the military junta forces.
During the June clashes, 46 members of the terrorist military junta, including one colonel, one lieutenant colonel, and one surveillance police officer, were killed, and 25 others were injured, according to the KNU statement. One comrade of the revolutionary resistance forces gave his life for the country. and another comrade was wounded.
The terrorist military launched three aerial bombardments in Dooplaya District in June, which resulted in slight damage to a Christian church and complete damage to two civilian houses, according to the statement.
4. EU imposes another round of sanctions on Myanmar, targeting six individuals and one entity relating to the military juntapeeded up, the military became more and more disorganised, and hence they are spreading fake news
On July 20, the European Council announced the EU’s imposition of the seventh round of sanctions against six individuals and one entity relating to the military junta in Myanmar, which it stated was in response to the continuing escalation of violence, grave human rights violations, and threats to the peace, security, and stability in Myanmar.
Three junta-appointed Union Ministers, Myint Kyaing, Pwint San, and Thet Thet Khaing, for the junta-controlled ministries for immigration and population, labour, and health and support; two members of the State Administration Council (SAC), Aung Kyaw Min and Porel Aung Thein; and the Quartermaster General, Lieutenant General Kyaw Swa Lin, are among six individuals, and the target entity is the No. 2 Mining Enterprise (ME 2), which is under the junta-controlled Ministry of Natural Resources and Environmental Conservation and generates revenue for the Myanmar military.
The EU has currently imposed sanctions against 99 individuals and 19 entities related to the military in Myanmar.
Those designated are subject to an asset freeze and a travel ban, which prevent them from entering or transiting through EU territory. In addition, EU persons and entities are prohibited from making funds available to those listed.
5. Milan, Italy, will host a public demonstration in support of the Global Myanmar Spring Revolution
Global Myanmar Spring Revolution demonstrations will be carried out domestically and internationally in various countries on July 21, 22, and 23 to mark one year after four pro-democratic activists, Ko Jimmy, Ko Phyo Zeya Thaw, Ko Aung Thura Zaw, and Ko Hla Myo Aung, were hanged on July 23, 2022. Myanmar people in Milan, Italy, who support the democratic movements in Myanmar, will be a part of it and hold a public demonstration at Piazza dei Mercanti at 11:00 a.m. on July 23, 2023, (Sunday).
“We are holding this demonstration to prove that the whole world does not forget the people’s heroes who are in the hands of human evil in the prisons and will be with them, just as the Spring Revolution is a people’s revolution,” a revolutionary supporting group in Italy said.
6. A junta column invading western Wetlet Township was struck by landmines, resulting in the deaths of at least five junta soldiers
According to news sources in Wetlet Township, on July 21, the military council troops coming out of their camp in Sai Nai Gwae village, that was situated in the western part of Wetlet Township, were struck by three six-point cluster claymore mines when they arrived between Sai Nai Lay village and Bone Bweit village at around 7:30 in the morning, and they were attacked once more with a 15-point cluster claymore mine at around 8:30 in the same morning.
Wetlet news sources that cited local people’s defence forces said that at least five military council soldiers were killed in the attack and many others may have been injured.
#Credit : Radio NUG
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