Associated Press journalist released from Myanmar detention
March 24, 2021, 11:41 am

Associated Press journalist released from Myanmar detention

Associated Press (AP) photographer Thein Zaw smiles outside Insein prison in Yangon on March 24, 2021, after being released with coup detainees who had been held for taking part in demonstrations against the military coup. (AFP)

Thein Zaw, a journalist for The Associated Press who was arrested last month while covering a protest against the coup in Myanmar, was released from detention on Wednesday.

Thein Zaw told the AP and his family of his release by phone after his second court hearing since his arrest nearly a month ago.

Speaking as he headed home, he said the judge in his case read a statement in court that all charges against him were being dropped because he was doing his job at the time of his arrest.

“I’m looking forward to meeting my family members,” he said, while expressing concern for other journalists who remain in custody. “I’m sorry for some colleagues who are still in prison.”

Thein Zaw had been charged with violating a public order law that carries a penalty of up to three years’ imprisonment.

He was one of nine media workers taken into custody during the Feb. 27 street protest in Yangon, the country’s largest city, and had been held without bail. About 40 journalists have been detained or charged since the Feb. 1 coup.

The Associated Press and many press freedom organizations have called for the release of Thein Zaw and the other detained members of the press.

“The Associated Press is deeply relieved that AP journalist Thein Zaw has been freed from prison in Myanmar,” said Ian Phillips, AP vice president for international news. “Our relief is tempered by the fact that additional journalists there remain detained. We urge Myanmar to release all journalists and allow them to report freely and safely on what is happening inside the country.”

Thein Zaw was arrested as he was photographing police, some of them armed, charging down a street at anti-coup protesters. A video shows that although he stepped to the side of the street to get out of their way, several police rushed over and surrounded him. One put him in a chokehold as he was handcuffed and then taken away.

He had been kept at Yangon’s Insein Prison, notorious for decades for holding political prisoners, and which currently holds hundreds of people detained for protesting the coup that ousted the elected government of Aung San Suu Kyi.

Thein Zaw’s lawyer, Tin Zar Oo, was only able to see her client for the first time at a hearing on March 12 to renew his pre-trial detention, and even then it was through a video link that she and one of Thein Zaw’s brothers watched at the Kamayut Township court. His next hearing had been scheduled for Wednesday.

source: The Associated Press

Image source: AFP

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.