Myanmar Morning News For December 13

Myanmar Morning News For December 13

Myanmar morning newsUS business chiefs scope out Myanmar deals
A team of 37 executives from 14 leading US companies met with representatives of the Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) at the latter’s office last week to deepen bilateral economic relations and to seek new joint ventures with local firms.
— Eleven Myanmar

Japan’s Kamigumi plans bulk terminal at Thilawa Port in Myanmar
The joint venture between Kamigumi and Myanmar’s Lluvia is expected to be established in April 2019.
— Lloyd’s List

eVisa Myanmar Now Offering Online Visa Applications
Traveling to other countries can often require a visa, which requires a visit to the nearest embassy or consulate of that country. But now, eVisa Myanmar is seeking to make the visa application simpler and more convenient.
— Digital Journal

Myanmar can draw on UN expertise in tackling Rohingya returns, Security Council told
The United Nations can help Myanmar to defuse inter-communal tensions and create an environment for safe and dignified repatriation of Rohingya refugees, the Organization’s top political official said Tuesday, stressing that the Asian country could also tap the UN’s capacities and experience in tackling other challenges, including democratic consolidation.
— UN News Centre

‘Can’t blame Myanmar for protecting country’
Myanmar cannot be blamed for trying to protect itself from “outsiders”, Lama Lobzang, the outgoing secretary general of the International Buddhist Confederation (IBC), has said.
— The Times of India

Thousands in Kachin suffering under blockade
Local residents and internally displaced people in Tanai town of Myanmar’s northern Kachin State are suffering amid a military blockade.
— UCA News

Grab Bike to launch in Mandalay city in 2018
Singapore’s ride –hailing mobile app, Grab, will launch its Grab Bike motorcycle taxi service across Mandalay city at the start of 2018.
— Myanmar Times

Ooredoo Myanmar aims to lead data market
OOREDOO Myanmar will continue its 4G rollout to become the leader in Myanmar’s data market after becoming the nation’s first telecom operator to provide 4G services last year.
— Eleven Myanmar

Japan hopes to boost ties with Myanmar
The nation of Myanmar is multi-ethnic and multi-religious, with Buddhism being the dominant faith. In Japan, despite secularism being a reality, the faiths of Buddhism and Shintoism are interwoven into the fabric of society.
— Modern Tokyo Times

Cross-border electricity trading in South Asia, Myanmar, and Southeast Asia – 2017
The South Asian economy continues its optimistic growth trend projected at 6.8% in 2017 and an average growth of 7.2% in 2018–2019 which is likely to increase the power demand of the region in the coming years (World Bank, 2017). But lack of adequate and reliable energy, seasonal hydro availability, stagnant natural gas production, and expensive oil imports act as roadblocks in the region’s economic growth.
— Power Technology

Government “ready” to offer loans to SMEs
The country’s biggest business and industry advocacy group has called on the government to change its policy on loans to better cater for the needs of small businesses.
— Myanmar Times

Three central markets to sell gold, gems and other minerals to be established
Myanmar International Multi Resources Exchange & Financial Region will be established in three venues in order to internationally sell gold, gems and all mineral-related items that are locally produced, a local source said.
— Eleven Myanmar

Travel portal FlyMya buys for six-digit sum
Singapore-registered one-stop domestic travel portal operator FlyMya Pte Ltd has acquired, a travel website, six digit (US dollar) sum, the company announced on December 12.
— Deal Street Asia

Urban development project commences upon approval
Construction of Phase 1 of the Amarapura Urban Development Project in Mandalay has commenced after receiving approval from the Mandalay regional government, said U Za Ye Win, information officer of Mandalay Business Capital City Development (MBCCD), which is the developer of the project.
— Myanmar Times

NI kick-starts Myanmar operations with academia
MatejKrajnc, NI’s managing director for Asean, Australia and New Zealand, said in an exclusive interview that the firm has partnered with Synopsis Technology Myanmar to offer its innovative products and technical solutions to the local market. He said both firms shared the same vision in leveraging the platform.
— Eleven Myanmar


Feature photo Staffan Scherz


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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