Myanmar Morning News For April 11

Myanmar Morning News For April 11

Myanmar morning news

China says accord reached at last with Myanmar on oil pipeline
The first tanker carrying oil to Myanmar for delivery to China was expected on April 8, however a Myanmar government official told Reuters the ship may not have the official go-ahead to enter Myanmar.
— The Indian Express

Forum Capital-backed SolarHome to invest $25m in Myanmar over five years
Southeast Asia-focussed SolarHome, a provider of solar energy for rural off-grid households, is looking at investing up to $25 million in Myanmar over the next five years, Phoo Pyae Pyae Soe, head of communications, said.
— Deal Street Asia

Myanmar total foreign investment reach US $70 billion this fiscal year
Myanmar has received 1,246 different types of foreign investments totaling to more than $70 billion between the 1988-1989 and 2016-2017 fiscal year, according to official statistics of Directorate of Investment and Company Administration (DICA).
— Eleven

Rakhine State Chief Minister delivers natural disaster prevention aid in Buthidaung Township
A ceremony to deliver natural disaster prevention aid to the local populace was held in U Uttama Hall in Buthidaung Township, Maungtaw District in Rakhine State yesterday evening.
— Global New Light Of Myanmar

How This Myanmar Travel Company Went From $0 To $1.5M Revenue In A Year
When you think of Myanmar, you may not think of digital marketing. But the country is quickly going online. In fact, Myanmar has more than 39 million internet users, up from two million in 2014. Combine that with the country’s emerging tourism industry and you have a market bursting with opportunities for travel companies.
— Forbes

IFC to inject $15m equity into Myanmar’s Shwe Taung Cement project
International Finance Corporation (IFC), the private lending arm of the World Bank Group, is considering an equity injection of $15 million into a brownfield project of Shwe Taung Cement Company Limited(STC), part of a local conglomerate, Shwe Taung Group (STG), according to its disclosure. Shwe Taung Group has presence in real estate, retail, construction and financial service sectors.
— Deal Street Asia

Yangon Traffic to Get a Lift
Commuters in Yangon may well be frustrated with the lack of parking spaces in the city, but a new mechanised innovation from Japan might provide the first step in attempts the alleviate congestion.
— Consult-Myanmar

Myanmar designates 20 fields to promote investment
Myanmar’s efforts to promote investment will target 20 newly designated fields covering 192 types of businesses and services, using a law enacted in October that makes it easier for foreign companies to receive tax benefits.
— Nikkei Asian Review

China should support Myanmar in smuggling crackdown, ecological assistance
As a major export market for Myanmar’s jade, China should ramp up efforts to crack down on smuggling as the over-exploitation of Myanmar’s jade mines harms the environment.
— Global Times

K19 billion excess taxes collected
Mandalay’s tax revenue in the last budget year exceeded the collection of the year before by almost K20 billion, thanks to increased awareness among taxpayers.
— Myanmar Times

Vice President U Myint Swe attends the 5th regular meeting with Myanmar entrepreneurs
Vice President U Myint Swe attended the 5th regular meeting with Myanmar entrepreneurs at the meeting hall of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) in Lanmadaw Township, Yangon yesterday.
— Global New Light Of Myanmar

Yangon govt drafts master plan for power supply in industrial zones
Nilar Kyaw, Yangon Region Minister for Electricity, Industry and Transportation said the region’s government is drafting a master plan for full power supply in industrial zones.
— Eleven

Between the Republic of the Union of Myanmar and the People’s Republic of China
At the invitation of President Xi Jingping of the People’s Republic of China, President of the Republic of the Union of Myanmar U Htin Kyaw and wife Daw Su Su Lwin paid a State Visit to China from 6 to 11 April. During the visit, President U Htin Kyaw held talks with President Xi Jinping and met with Premier Li Keqiang of the State Council and Chairman Zhang Dejiang of the Standing Committee of the National People’s Congress separately.
— Global New Light Of Myanmar

INTERPOL issues Red Notice for Ko Ni assassination suspect Aung Win Khaing
The International Criminal Police Organization, or INTERPOL, has officially issued a Red Notice for Aung Win Khaing, the alleged organizer behind the murder of NLD legal advisor Ko Ni in January.
— Coconuts Yangon

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Stella-maris Ewudolu

Stella-maris Ewudolu

Journalist at AEC News Today
Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.
Stella-maris Ewudolu

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