Myanmar Morning News For December 14

Myanmar Morning News For December 14

Myanmar morning newsAung San Suu Kyi has Freedom of Dublin award revoked
Dublin councillors have voted to revoke an award given to Myanmar leader Aung San Suu Kyi to protest her handling of violence against Rohingya Muslims in her country, Irish media reported.
— The Guardian

Myanmar to introduce new companies Law next year
Myanmar authorities will introduce a new Companies Law from Aug. 1 next year, U Aung Naing Oo, director-general of the Directorate of Investment and Company Administration (DICA) told a press briefing Wednesday.
— Xinhua Net

Myanmar Police Arrest Two Journalists For Allegedly Violating State Secrets Law
Myanmar police have arrested two domestic journalists working for Reuters news agency for violating the state secrets law by allegedly illegally possessing government documents, the government and a relative of one of the men said Wednesday.
— Radio Free Asia

US demands release of Reuters reporters detained in Myanmar
The US embassy in Yangon expressed concern Wednesday over the “highly irregular” arrest of two Reuters journalists in the Myanmar capital.

Myanmar to Begin Taking Back Rohingya Refugees in January: Social Welfare Minister
Myanmar will begin accepting back Rohingya Muslim refugees from Bangladesh on Jan. 22, said Win Myat Aye, the country’s minister of social welfare, relief, and resettlement, on Wednesday.
— Radio Free Asia

Myanmar refugees in distress as UN cuts aid
A HUMAN rights group has revealed that more than 6,000 ethnic-minority refugees in six refugee camps in Myanmar’s Shan state and Chiang Mai province have been cut off from all international relief since October, leaving them in a desperate situation as armed conflict still continues in Shan.
— The Nation

One third of Myanmar’s population remains in poverty
One third of the population in Myanmar either lives in poverty or are near-poor, despite the significant reduction in poverty over the past decade, according to a new estimate based on 2015 living conditions released by the Ministry of Planning and Finance and the World Bank.
— Myanmar Times

Myanmar approves local telecom company to trade on Yangon Stock Exchange
Myanmar’s Yangon Stock Exchange (YSX) has approved TMH Telecom Public Co.,Ltd as the fifth listed company to trade on the exchange after scrutiny and deliberate listing examination in accordance with law , according to a press release for TMH Listing and IPO Road Show-2017 on Wednesday.
— Xinhua

Requirements on hiring foreigners only applicable to MIC firms
The government’s newly expanded requirements on hiring foreign employees announced in October are only applicable to companies permitted by the Myanmar Investment Commission (MIC).
— Myanmar Times

6,685 jade lots and 190 gem lots for sale through open tender
The 2017 Mid-Year Myanma Gems Emporium will put up 6,685 jade lots and 190 gems lots for sale through open tender, a source of Central Committee for Holding Myanma Gems Emporium said.
— Eleven Myanmar

Significant drop in Myanmar investor confidence – Roland Berger
The second Myanmar business confidence survey conducted by Roland Berger in partnership with Union of Myanmar Federation of Chambers of Commerce and Industry in the latter half of 2017, shows a significant drop in short-term business sentiment from (73 percent) a year ago to (49 percent) this year. The core reason for the drop in confidence is lack of a clear economic policy and plan, cited by 77 percent of companies as a significant or very significant issue.
— Mizzima

Japanese see value in Shan, Mon agriculture sector
Japanese interest in the agriculture sector of Shan and Mon States is rising. In particular, investors see the opportunity to provide the machinery and equipment farmers need for harvesting their crops as well as high quality fertilisers and seeds.
— Myanmar Times

Central Bank allows foreign banks to provide export financing
Foreign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services.
— Myanmar Times

The road rule costing Myanmar billions
LAST MONTH, Mr Paul Apthorp drove up and down the Yangon-Mandalay Expressway, a four-lane highway that links the country’s two main cities. There were many times, he said, when he couldn’t see another vehicle in either direction.
— Frontier Myanmar

Government determined to sway locals on listing Hkakabo Razi as World Heritage site
Listing of Hkakabo Razi National Park area as a World Heritage site and extending the southern area of the park will be discussed with locals until they agree, said U Win Naing Thaw, director of the Nature & Wildlife Conservation Division of the Ministry of Natural Resources and Environmental Conservation.
— Myanmar Times

Typhoon-prone Myanmar set to see more disasters, minister says
Myanmar has been hit with powerful typhoons 11 times in the past 40 years and the numbers are only going to climb, the Union Minister for Social Welfare, Relief and Resettlement, Dr. Win Myat Aye, said.
— 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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