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Natural Hazard Pose Acute Risk for Bangladesh, India, Myanmar, Vietnam and Philippines

Maplecroft, in a recent report, stated that emerging economies in the South Asia have the highest financial risks related to tropical cyclones and flooding and other natural hazards alike. The risk analyst also claimed that according to their Natural Hazards Risk Atlas, the 10 countries which face greatest exposure to natural hazards include Bangladesh, India, Myanmar, Vietnam and Philippines. The financial risks for these countries are high since the trading hubs and cities are highly exposed to natural hazards such as cyclones and flooding, and the point is extended further for capability lack to recover from such natural disasters. Experts from Maplecroft also stressed those natural disasters in the aforementioned South Asian countries would not only have significant impact on their economic output, but also on foreign businesses as well. Maplecroft also warned of risks including social unrest, corruption and food security which could finally lead to political risk in the South Asi...

Violence in Myanmar: Bangladesh Immigrants Not Responsible

The National Commission for Minorities (NCM) has reported that the Bangladesh immigrants had nothing to do with the recent racial disputes and violence in Assam. The dispute was between the Bodos and local Muslims. The NCM Chairman Wajahat Habibullah states that he has made a full report of the violence and submitted it to the Prime Minister of India, Mr. Manmohan Singh. The report contains the full details of the incident including the reasons and possible solutions to prevent such incidents from ever happening again. He also stated that the Prime Minister confirmed receiving the report. The enquiry commission reported that the dispute was not between the Bangladesh immigrants and the Bodos; it was between the Muslims residents of BTAD and the Bodos. The clash occurred about 1 month ago in July. Four Bodo people were found dead. Assuming it was done by the minorities, armed Bodos attacked the local Muslim residents.