Myanmar Morning News For August 16

Tariffs and policies: The crux of Myanmar’s power problem
In 2017, Myanmar is projected to generate a maximum of 2,700 megawatts of electricity, up from around 2,500 MW in 2016, as the population expands and demand for power in the country continues to rise.
— Myanmar Times

Agricultural exports down by $32 million this FY
AGRICULTURAL exports were estimated at US$1.1 billion in trade value between 1 April and 4 August, nearly $32 million less than the same period last year, according to Commerce Ministry statistics issued Friday.
— The Global New Light Of Myanmar

Rakhine to get country’s second offshore oil-supply base
The country’s second offshore base for the supply of oil and gas will be implemented on Maday Island in Rakhine State, with private investment worth 130.8 trillion kyats, according to the Myanmar Investment Commission (MIC).
— Eleven Myanmar

XMH Engineering enters into JV in Myanmar
XMH Engineering, a wholly-owned subsidiary of XMH Holdings, entered into a joint venture (JV) agreement with Myanmar MarcoPolo (MMP) and Bulox Power (BP), with an authorised capital of US$50 million.
— The Business Times

High-quality black sesame seeds to be exported to Japan
Magway Region sesame seed growers intend to export high-quality black sesame seeds to Japan in partnership with the Network Activities Group (NAG), the Magway Region Agriculture Department and the Ministry of Agriculture, Livestock and Irrigation.
— The Global New Light Of Myanmar

Quality cotton seeds running out even as demand rises
Cotton is cultivated twice a year across two seasons. However, cultivation has become expensive since farmers must now buy seeds from private agriculture companies due to insufficient government supplies.
— Myanmar Times

Myanmar Strategic plans to open up to ten hostels
Hostel and language school operator Myanmar Strategic Holdings Limited (LON:SHWE) is to debut on the London Stock Exchange through a standard listing later this week, industry website proactivestors.co.uk reported on 14 August.
— Mizzima

Myanmar to resume issuing visas on arrival to visitors
The Ministry of Labor, Immigration and Population agreed to resume issuing visas on arrival (VOA) to foreign visitors after negotiating with the Ministry of Hotels and Tourism, a senior tourism official said.
— Myanmar Times

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector
The Global New Light of Myanmar interviews Myanmar Rice Federation’s Chairman Dr Soe Tun about the state of Myanmar’s staple crop and its most important agricultural export commodity.
— The Global New Light Of Myanmar

Third parties can monitor hiring of service providers
Independent third parties like civil society organisations, national government organisations and parliament members can monitor the process of hiring service providers for transparency, the Myanma Timber Enterprise (MTE) said.
— Myanmar Times

Advancing agriculture, with apps and advice
Farmers are beginning to reap the benefits of the rapid growth in mobile phone use in Myanmar through apps that are providing them with a wealth of information.
— Frontier Myanmar

Bilateral panel discusses plan to jointly promote Bagan, Angkor
Myanmar and Cambodia are exploring ways of jointly promoting the ancient cities of Bagan and Angkor as tourism destinations, the Nikkei Asian Review reported.
— Frontier Myanmar

Myanmar fashion bares its cutting edge
The country’s cutting edge in fashion was unveiled by some of Myanmar’s hottest models in Yangon on Sunday and Monday, as five top designers showcased their latest creations.
— Eleven Myanmar

Feature photo World Vision
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.