Myanmar Morning News For August 4

Myanmar’s stakes in two Belt and Road economic corridors
The country’s involvement in the two economic corridors reflects its unique geopolitical role in bridging China and South Asia as well as fostering integration of the ASEAN bloc.
— Myanmar Times

Singapore Myanmar Investco Limited (SGX:Y45): A Look at the Margin Score
Investors considering positions in Singapore Myanmar Investco Limited (SGX:Y45), might be interested in the Gross Margin Score of the company. The shares currently have a score of 60.00000.
— Buckeye Business Review

Myanmar rejects to establish trade zone at Tamu Border with India
The Myanmar Government has rejected to establish a trading zone in Tamu, which is on the Myanmar-India border, due to the insufficient basic requirements and the poor potential of trading.
— Business Standard

Clothing exports set to reach $3bn
Export earnings from cutting, making and packaging clothing manufacturing is expected to reach up to US$3 billion this year, said Soe Myint, the chair of the Myanmar Garment Entrepreneurs’ Association.
— Eleven Myanmar

Japan’s Railway Operator Keio To Open Hotel In Myanmar In FY 2020
TOKYO — Japanese railway operator Keio Corp has announced a plan to set up a joint venture with a Myanmarese travel agency for launching a large hotel and apartment complex in Yangon, the biggest city in the Southeast Asian nation, in fiscal 2020, Japan’s Jiji Press reported.
— Malaysian Digest

Sule Port premier port of Myanmar
Sule Port, the nation’s busiest sea port for rice, handles an average of 1.3 million metric tons of imports and 600,000 metric tons of export, annually.
— The Global New Light Of Myanmar

Myanma Insurance seeks to make insurance coverage a mainstream product
Myanma Insurance is attempting to make insurance products more accessible by redesigning life insurance policies, according to an interview with General Manager of Myanma Insurance U Khin Muang Win.
— The Global New Light Of Myanmar

Everex Officially Partners With Myanmar-based MicroMoney
Everex has announced it has officially entered into a partnership with Myanmar-based microlender MicroMoney. They now have access to MicroMoney’s 450,000+ unique customers and registered users.
— Block Chain News

China in talks to sell electricity to Myanmar amid warming ties
Energy-hungry Myanmar is in initial talks to buy electricity from China, according to officials and documents reviewed by Reuters, in the latest sign of warming ties with Beijing under leader Aung San Suu Kyi.
— The Business Times

Myanmar’s resources fine but fast disappearing
Myanmar is among the few countries in the world whose natural resources exceed the requirements of its citizens, the World Wildlife Fund (WWF) said Wednesday, but it raised the alarm over deforestation, which is among the highest in the world.
— Myanmar Times

Exclusive: Myanmar’s Oway Group to close eight-digit funding round in next 3 months
Oway Group, Myanmar’s leading travel booking and ride-hailing service provider, is planning to close a eight-digit funding round in the next three months, a spokesperson told this portal.
— Deal Street Asia

Myanmar construction workers sue Thailand employer for not paying salaries
A complaint has been filed against a Thai employer who sacked 50 Myanmar construction workers and did not pay their salaries, said Ye Min from Thai-based Aid Alliance Committee (AAC) yesterday.
— Eleven Myanmar

Grand opening ceremony of the new chancery of Myanmar Embassy was held in Bangkok
The Grand Opening Ceremony of the new chancery of the Republic of the Union of Myanmar was held on 3rd August 2017 at 3:45 pm at No. 110, Sathorn Nuea Road, Bangkok, Thailand.
— The Global New Light Of Myanmar

Feature photo FAO of the UN/ Hkun Lat
Find our previous morning news feature photos in the AEC News Today Morning News Feature Photos gallery where you will find a pictorial display of daily life throughout the Asean Economic Community (AEC).

Myanmar morning news by AEC News Today is your one stop source for Myanmar news on matters of governance and policies affecting Asean business communities. It is published M-F by AEC News Today: Governance, not government; policies not politics.