Myanmar Morning News For August 28

Govt, exporters cooperate on bean crisis
The government and traders will cooperate to buy farmers’ bean stocks to stabilise the market if negotiations with the Indian government fail to resolve the issue, according to the Federation of Chambers of Commerce and Industry (UMFCCI) yesterday.
— Eleven Myanmar

Ongoing Myanmar clashes leave 96 dead, including 6 civilians
Myanmar’s government and advocates for the country’s Muslim Rohingya ethnic minority traded charges Sunday of killing civilians, burning down buildings and planting land mines, as clashes that began last week when insurgents launched attacks against police posts continued.
— Miami Herald

Grab to invest $135 million in Myanmar market
Ride-hailing firm Grab, the main South-east Asian rival of Uber Technologies, said it would commit US$100 million (S$135 million) over the next three years to deepen its presence in Myanmar, expand to more cities and roll out its other services.
— the newpaper

ASEAN Needs to Act Urgently on Myanmar Military Violence in Rakhine State
The Burmese military has resorted to carrying out deadlier attacks than last October, following retaliation from Rohingya militants who say they are responding to the ongoing persecution against the Rohingya by the military.
— reliefweb

MRF release six-point notice on bean import restrictions by India
The Myanmar Rice Federation (MRF) has published a six-point notice in relation to India’s quota restricting pulse and bean imports from the country. To prevent the domestic bean market from collapsing, the government should rapidly carry out a government-to-government (G2G) settlement with India to remove the restrictions.
— Myanmar Times

US solar power company helping to light up Myanmar
Myanmar is working to make more solar power available to its farmers, following in the footsteps of India and Africa, with the help of a U.S. company.
— Nikkei Asian Review

Mandalay wholesale center halts mung bean trading
A Mandalay bean and sesame wholesale center has halted the trading of mung beans since August 23.
— Myanmar Times

US$2.2 billion trade deficit in 1st quarter this year
The trade deficit as of 18 August in the current fiscal year was US$2.2 billion, where import value outnumbered export value, according to the ministry of commerce.
— The Global New Light Of Myanmar

15 days for regional investment commissions to assess applications
Regional and state investment commissions are given 15 working days to review an application once they have accepted a submission from an investor, according to Notification No 25/2017 released by the Myanmar Investment Commission.
— Myanmar Times

Myanmar banks hike lending to SMEs in bid to lift the economy
SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week.
— The Nation

The only female bus driver, for now
The only female YBS bus driver outshines her male colleagues in a profession dominated by men.
— Myanmar Times

Extremist terrorism on the rise!
As the extremist terrorists were committing arson, mine and terrorist attacks against villages, security posts and Buddhist monasteries and butchering innocent people in Maungtaw area the whole day on 26 August, security forces have been launching operations to stabilize and control the area, according to the news release issued by the Information Committee of the State Counsellor Office yesterday morning.
— The Global New Light Of Myanmar

Myanmar vows to implement advisory commission’s recommendations on Rakhine issue
The Myanmar government has pledged to set out a full roadmap soon for implementing advisory commission’s recommendations on Rakhine issue, said a statement of the Office of the State Counselor on late Thursday.
— Gears Of Biz

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.