Jul 27, 2024

I recently read about the ongoing civil war in Myanmar and the focus on the United Wa State Army (UWSA), which is Asia’s biggest non-state army. The UWSA’s influence in Myanmar’s post-coup civil war has raised concerns about its potential impacts on Southeast Asia and the wider world. The group’s significant influence is partly attributed to its involvement in a multi-billion dollar narcotics trade in the Golden Triangle. A new book called Narcotopia sheds light on the past and future trajectory of the UWSA, providing insights into the dynamics of this powerful military group.

The book also explores the complex links between the UWSA and China, as well as the broader issue of the illicit economy in Southeast Asia. It discusses the group’s autonomy beyond the state and its military capabilities, which rival those of some small nation states. The book highlights the importance of understanding the major power dynamics and historical context that have shaped the UWSA’s trajectory. It also examines the potential implications of the group’s activities within the context of Myanmar’s civil war.

In addition to the news about Myanmar, I also came across an article discussing the expansion of market bubbles and the potential impact of valuations on the market. The article emphasizes the importance of understanding market dynamics and valuations, especially as market bubbles continue to expand longer than many expect. It also provides insights into the factors that may influence market valuations and the potential implications for investors.

Lastly, I read about the increasing use of NAV-based loans by private equity firms as a way to address the challenges of limited exit opportunities. The article discusses the guidelines issued by the Institutional Limited Partners Association to encourage best practices around the use of NAV-based loans. It also highlights the importance of transparency and communication between general partners and limited partners in the decision-making process regarding these loans. Additionally, the article mentions the scrutiny of NAV loans by regulatory authorities, emphasizing the need for transparency and compliance with fund documents.

Stay Well!