Myanmar Morning News For June 20

Myanmar Morning News For June 20

Myanmar morning news

Myanmar entrepreneur body plans to set up angel network
In a fillip to the country’s fledgling startup ecosystem, the Myanmar Young Entrepreneurs Association (MYEA) – a 1,000-member strong body – is looking at setting up a local angel network over the next three months with commitments from 20 local investors who seek to inject seed capital into homegrown startups.
Deal Street Asia

World Bank urges liberalisation of accounting and auditing sector
The Report on the Observance of Standards and Codes – Accounting and Auditing, released on June 16, noted that Myanmar’s revisions to its statutory institutional framework for financial reporting will improve alignment with international good practice.
The Myanmar Times

MIC expands amid reforms
The Myanmar Investment Commission (MIC) has been reorganised with three new members, according to a news release by the Directorate of Investment and Company Administration (DICA) on June 14.
The Myanmar Times

Ministry to Legalize Myanmar Domestic Workers in Singapore
The Myanmar government will register and legalize Myanmar national domestic workers in Singapore, said deputy director general Daw Khin Nwe Oo of the Ministry of Labor, Immigration and Population.
The Irrawaddy

LH Signs MOA to Build Korea-Myanmar Economic Cooperation Industrial Complex
The Korea Land & Housing Corporation (LH) announced that it has signed a memorandum of agreement (MOA) to build a Korea-Myanmar Economic Cooperation Industrial Complex with the Myanmar’s Ministry of Construction at the Kensington Hotel in Jeju Island on June 16.
BusinessKorea

Insein GTI to reopen with German help
The 120-year-old Government Technical Institute (GTI) in Insein township, Yangon Region is set to reopen its doors once again and will teach technical and vocational subjects with the help of the German government.
The Myanmar Times

Myanmar operator rolls out 4G/LTE service
Myanmar’s state-owned telecommunications operator MPT, collaborating with Japan’s KDDI Corp and Sumitomo Corp, announced Monday the launch of ultrafast 4G/LTE mobile data service.
Bangkok Post

Jade mining in Hpakant, Lone Khin on hold due to monsoon
Jade mining operations in Hpakant and Lone Khin of Kachin State have slowly begun to wind down from last week, due to the approaching monsoon season, locals told The Myanmar Times.
The Myanmar Times

Provisions to benefit Kachin people sought for inclusion in gems bill
Provisions that will benefit all Kachin people must be inserted into the gems bill, says Dr M. Kon La, chairperson of the Kachin National Congress Party.
Eleven Myanmar

Rice export volume decreases in the first week of June
A total of 30,423 tons of rice and glutinous rice with an estimated worth of US$9.467million were exported to neighbouring countries between the 3rd and 9th June via the Muse, Chinshwehaw and Maungtaw border trade camps.
Global New Light of Myanmar

Farmers get loans in Rakhine
A total of 7,264 farmers will get agricultural loans in Rakhine state this year resulting in a total of 120,415 farmers benefitting from a targeted loan amount of K 91.360 billion according to Myanmar Agricultural Development Bank (MADB) manager U Aye Thein.
The Myanmar Times

Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels
With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot.
Bloomberg

Move for uniform standards in construction industry awaits enactment of law
Benchmarks for the construction industry across the country will become valid only after a law governing the construction management supervisory board is enacted, said Kyaw Lin, Deputy Minister for Construction.
Eleven Myanmar

Garment factory workers protest over claimed unfair dismissals
More than 600 sacked garment factory workers staged a protest on Sunday to demand their employer reinstate them.
Eleven Myanmar

Myanmar opening airwaves to more voices with new channels
Myanmar is bringing the tide of democratization to its airwaves, adding new free-to-air channels and opening the country to more news and entertainment choices.
Nikkei Asian Review (paywall)

Suicide rate ‘alarming’ at Myanmar refugee camp
The number of recorded suicides and attempted suicides has soared at the Mae La refugee camp in Tak province, Thailand’s largest camp for refugees from Myanmar.
Bangkok Post

Managing great expectations of the new Myanmar
The world’s expectations of Myanmar have swung wildly in recent years.
Today Online

 

Feature photo Jean-Marie Hullot
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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