Myanmar Morning News For August 30

Private banks hike lending to SMEs
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.
— Eleven Myanmar

Myanmar exports rice to Kenya
Myanmar has begun exporting rice to Kenya, a major east African trade hub.
— The Global New Light Of Myanmar

SEZs in Myanmar should learn from international experience
SPECIAL Economic Zones (SEZs) in Myanmar should encourage policy experimentation and focus on tech spillovers, an economist told The Myanmar Times. By early June, 95 percent of the land plots in Thilawa SEZ zone A had been sold and the building of manufacturing plants is ongoing, while zone B is already under construction.
— Myanmar Times

Thailand ‘preparing to receive’ those fleeing Myanmar violence
Thailand is preparing to receive people fleeing fighting in Myanmar and send them back “when they are ready”, the prime minister said on Tuesday, following a series of attacks by Rohingya Muslim insurgents on Myanmar security forces last week.
— Bangkok Post

Samsung Galaxy Note 8 to hit local market in September
The Samsung Galaxy Note 8, which was launched in the United States on August 23, will hit the Myanmar market in September.
— Myanmar Times

Myanmar’s company chief surveys ways to import Nagaland products
U Wang Yu, the Managing Director of Myanmar based Shwe Naung Yan Company, who is also a member of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), visited Dimapur.
— The Morung Express

Taking family businesses to next level in Myanmar
Family businesses are key to Myanmar’s economy, generating thousands of jobs and contributing significantly to the country’s economic growth. Based on a report by the International Finance Corporation (IFC), a member of the World Bank Group, family-owned businesses account for 83 percent of companies in Myanmar.
— Myanmar Times

Britain asks for U.N. Security Council to discuss Myanmar violence
Britain has asked for the U.N. Security Council to meet on Wednesday to discuss escalating deadly violence between Rohingya insurgents and Myanmar security forces in Rakhine state, Britain’s U.N. Ambassador Matthew Rycroft said on Tuesday.
— Today Online

Fixing the Myanmar economy
Myanmar’s economy is projected by the World Bank to grow by an average of 7 percent between 2017 and 2019. Last year, GDP rose by 6.5pc. That’s among the fastest growing economies in Asia, alongside the likes of India, China and Vietnam.
— Myanmar Times

GoP Tour aims 50pc monthly growth
RISING NUMBERS of people travelling across Myanmar would brighten the future of tourism start-ups, said Nyunt Win Aung, co-founder and chief executive officer of GoP Tour.
— Eleven Myanmar

Central Committee for Confiscated Farmlands holds meeting
The Central Committee for Reviewing Confiscated Farmlands and Other Lands held a meeting yesterday at the Ministry of Home Affairs in Nay Pyi Taw.
— The Global New Light Of Myanmar

Music to Myanmar ears
Following Cambodia and Laos, Myanmar has become the next destination for revolutionising music consumption.
— Bangkok Post

No open tender for Nyaung-U airport upgrade
The Nyaung-U airport in Mandalay Region will be upgraded into international airport soon, with the support from the Japanese government, U Ye Htut Aung, deputy director-general of the Department of Civil Aviation (DCA) told The Myanmar Times on August 28.
— Myanmar Times

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.