Myanmar Morning News For August 21

Myanmar Morning News For August 21

Myanmar morning news

Gas exports raise $1b since August
Myanmar earned US$1.07 billion from natural gas exports until early August this fiscal year, according to the Ministry of Commerce.
— Eleven Myanmar

Ministry warns gold mining companies to payoutstanding debt
There are outstanding 150 viss of gold debts to be paid by over 100 gold mining companies to the government, U Phone Myint, deputy director from No. 2 Mining Enterprise under the Ministry of Natural Resources and Environmental Conservation, told The Myanmar Times.
— Myanmar Times

KBZ Bank partners with VMware to drive digitalization for business success
Kanbawza Bank (KBZ Bank), Myanmar’s largest private bank, today announced a partnership with VMware Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, in a move to virtualize its data center and meet the business demands of Myanmar’s growing digital economy.
— Market Insider

Pearl Auction ends
The Myanmar Pearl Auction ended yesterday after three days and selling nearly all available pearl lots on auction. Union Minister U Ohn Win made an appearance to thank the participants.
— The Global New Light Of Myanmar

Poultry prices continue to fall in Yangon due to swine flu impact
Prices of chicken and duck continued to fall by half in markets of Myanmar’s commercial city of Yangon due to impact of seasonal influenza A/H1N1-2009, also known as swine flu, which has broken out since late July.
— Xinhua

Local exporters face losses as India raises import duty on betel nuts
BETEL nut exporters are currently facing losses as Indian authorities have raised the import duty on betel nuts to 40 per cent, according to a spokesperson of the Tamu Border Traders Association.
— The Global New Light Of Myanmar

Over 3 million acres of monsoon paddy in MraukU
As of 19 August a total of 326,918 acres of monsoon paddy has been planted in MraukU district said a MraukU district official.
— The Global New Light Of Myanmar

Aust’s investment poised to rise after Chambers’ merger
Australian investors’ interest in Myanmar is forecast to rise, thanks to the recent merger of the country’s two chambers of commerce in Yangon.
— Eleven Myanmar

YCDC shuts down old Thiri Mingalar automobile market
Yangon City Development Committee (YCDC) has shut down the old Thiri Mingalar automobile market because the building is now over 20 years old and poses a great danger to the public, officials said.
— The Global New Light Of Myanmar

Korean complex due to open on military-owned land
The Lotte hotel, resort and serviced apartments project in Yangon is due to be officially launched on September 1 on military-owned land.
— Eleven Myanmar

Myanmar becomes member of World Organization of the Scout Movement
Myanmar was accredited 164th member of World Organization of the Scout Movement at the 41st World Scout Conference held in Baku, Azerbaijan from 13 to 20 August.
— The Global New Light Of Myanmar

High global gold prices drive local price increases
GOLD prices are increasing in Myanmar, reflecting global prices, according to gold market participants. On Saturday, the price of pure gold in Yangon was Ks916,000 per tical (or .578 ounce) compared to a global price of $1,284 per ounce, according to Aung Thamardi Gold and Jewellery Shop and Gold Refinery.
— The Global New Light Of Myanmar

 

Feature photo Paul Arps
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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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