Myanmar Morning News For July 18

Myanmar Morning News For July 18

Myanmar morning newsForeign firms may be allowed to join Myanmar e-lottery business
A stamp-duty amendment and government lottery bills that would open the e-lottery business to all were submitted to Pyidaungsu Hluttaw on July 14.
The Myanmar Times

Foreign firms have invested over $1bn in Thilawa SEZ
Foreign businesses invested more than US$1.075 billion in the Thilawa Special Economic Zone between November 2014 and June 2017, with over $773 million, or 71 per cent, in industrial the industrial sector, according to the Directorate of Investment and Companies Administration.
Eleven Myanmar

Myanmar not on track to renewable energy: civil societies
MYANMAR has been focusing on coal and large hydropower projects and is not on track to develop renewable energy sources, local and international civil societies said in a recent statement.
The Myanmar Times

US solar firm tackles cost barriers through instalment system
A US-based solar product company launched its services in Myanmar with the support of the International Finance Corporation and United Nations Capital Development Fund to widen access to clean energy among the rural population.
The Myanmar Times

Fisheries products worth US$138 mln exported this FY
Fisheries exports were valued at US$138 million between 1 April to 7 July, an increase of $11 million over last year.
Global New Light of Myanmar

Ks1.6 billion agricultural loans disbursed to cooperative syndicates in Meiktila
THE Cooperative Department in Meiktila Township under the Ministry of Agriculture, Livestock and Irrigation started disbursing Ks1.680 billion agricultural loans to cooperative syndicates in 158 villages beginning this month for the purpose of cultivating monsoon crops.
Global New Light of Myanmar

Indonesia wants direct Jakarta-Yangon air links
INDONESIAN government is requesting Myanmar to allow direct flights connecting Jakarta and Yangon to spur tourism and business activities between both nations.
The Myanmar Times

Poor knowledge main reason for investor losses; more education, corporate governance needed
ECONOMISTS are calling for stricter laws and more education to protect unwitting investors from financial fraud.
The Myanmar Times

SECM clamps down on financial scams and illegal trading
THE Securities Exchange Commission of Myanmar (SECM) is clamping down on financial scams and illegal trading by unlisted companies in the country.
The Myanmar Times

Developers eye affordable housing projects
Developers are becoming more interested in affordable housing projects after the passage of the Myanmar Investment Law prioritised low-cost housing projects, according to the Directorate of Investment and Company Administration (DICA).
Eleven Myanmar

Myanmar sign MoU with Relief International on human resources development
Relief International and the Ministry of Social Welfare, Relief and Resettlement signed a memorandum of understanding (MoU) on development of human resources and technology.
Eleven Myanmar

The next level for Myanmar’s game makers
Game developers in Myanmar are filling a gap for locally targeted mobile-based applications that take advantage of growing internet access and improving data speeds.
Frontier Myanmar

Video streaming key in fight for Myanmar mobile subscribers
With faster mobile connections in place and smartphone use on the rise, discount data plans on video services have become a key strategy for Myanmar’s mobile carriers in their fight to attract new subscribers.
Nikkei Asian Review (paywall)

Northern Rakhine villagers tell reporters of abuses during military crackdown
Residents in villages in northern Rakhine State have told reporters of accounts of human rights abuses by security forces during clearance operations conducted in the aftermath of the October 9 attack on police outposts in the beleaguered region.
Frontier Myanmar

Online defamation law amendments fall short in Myanmar
A ministerial proposal to amend Myanmar’s 2013 Telecommunications Law falls short of the changes needed to guarantee press freedom, the Committee to Protect Journalists said today.
Committee to Protect Journalists

Myanmar denies N Korea ties amid visit from US diplomat
United States special representative to North Korea Joseph Yun is in Myanmar this week as part of US efforts to further isolate the Kim Jong-un regime.
Asia Times

 

Feature photo Niels Steeman
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.

 

 

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