Myanmar Morning News For April 25

Myanmar Morning News For April 25

Myanmar morning news

National Bank of Canada acquires 22% in Myanmar payments outfit ONGO
In a strategic investment, National Bank of Canada has acquired a 22 per cent stake in Myanmar’s mobile payments provider ONGO. The payments provider is backed by Ronoc Asia, a subsidiary of the Ronoc, an investment firm focusing on emerging markets.
— Deal Street Asia

World Bank to loan $100 million to Myanmar Financial Development Project
WORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April.
— Myanmar Times

Too understaffed to test food on time, FDA grants manufacturing licenses anyway
The Food and Drug Administration Myanmar (FDA) is back at it again with another solution to its institutional shortcomings that puts the privileges of businesses above the safety of the public.
— Coconuts Yangon

20 hydropower projects planned to generate over 6,000 MW
The Ministry of Electricity and Energy has issued a statement saying that a total of 6,270 MW of electricity will be generated from 20 new hydropower projects. However, details about the projects including the locations were not released.
— Eleven

New Myanmar oil pipeline bolsters China’s energy security
The opening of an oil pipeline through Myanmar is a big step forward for China’s energy security, reducing the major importer’s reliance on shipments through waters where the U.S. exerts strong influence.
— Consult-Myanmar

Government considering Afghanistan, Myanmar’s proposal to boost pharma exports
India is examining a proposal from Afghanistan to help set up a manufacturing base for pharmaceutical products, along with another proposal from Myanmar to supply generic drugs, as part of its efforts to shore up declining exports.
— Economic Times

Myanmar Military Won’t Accept Revision of Peace Agreement: Deputy Commander-in-Chief
Myanmar’s powerful military will not accept any revisions or amendments to a nationwide cease-fire agreement it signed in October 2015 with eight ethnic armed groups in order to accommodate remaining militias that have refused to sign or have been excluded from the pact, the country’s deputy commander-in-chief of the armed forces said Monday.
— Radio Free Asia

Myanmar tours website acquires UK technology
AS TOUR OPERATORS in Myanmar are eyeing to partner with foreign firms to serve their clients better,, the nation’s leading hotels and tours services website, has acquired, a London-based start-up specialising in building reservations platforms for the hotel and airline industry, for US$ 600,000.
— The Nation

Yangon Region Hluttaw reviews YBS bus system
In the Yangon Region Hluttaw meeting on 24 April, 26 Hluttaw representatives discussed the YBS bus system currently in place.
— Global New Light Of Myanmar

Ayeyawady farmers remain to repay over Ks286billion of loan debt to MADB
Myanma Agricultural Development Bank (MADB) reminded farmers from Ayeyawady Region that, they have over Ks286billion of loan debt to repay.
— Global New Light Of Myanmar

Government’s emergency water supply ready for 500 villages nationwide
In case of water shortage this summer, the government has set aside emergency water supply for 500 villages around Myanmar.
— Myanmar Times

Mandalay property prices in ruins after taxes raised
While the current property market in Mandalay city can be described as slowly picking, real estate agents feel that the new property tax, assessment and appraisal rates in the sector are stifling expansion.
— Myanmar Times

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.
— Consult-Myanmar

Ministries hold press conference on performances in one year
A press conference on performance during the one-year term of the incumbent government was held yesterday at 1 p.m at meeting hall of the Ministry of Information in Nay Pyi Taw.
— Global New Light Of Myanmar

Judge dismisses second defamation case against Myanmar Now editor
Kyauktada Township judge Than Naing Htwe has dismissed one of two defamation cases against Myanmar Now editor Swe Win.
— Coconuts Yangon

Asian Art Gallery Brings First Contemporary Art Show from Myanmar to Boston: Burma Rising
Asian Art Gallery is bringing the first contemporary art show from Myanmar to Boston—Burma Rising—from April 30 to May 14, 2017. The show will be held at the Asian Art Gallery facility in Chelmsford, MA.
— India New England

Myanmar e-commerce leader pushes for expansion
THOUGH a large percentage of Myanmar’s 53-million population still prefer going out to shop, more than half a million people visit, the nation’s leading e-commerce platform, for online shopping on a monthly basis, said its chief.
— The Nation

Feature photo Clay Gilliland
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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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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 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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