Myanmar Morning News For December 5

Myanmar Morning News For December 5

Myanmar morning newsExport income through Myanmar’s border gates reaches US$3.13 billion
Export income through Myanmar’s border gates from 1st April to 24th November in the current Fiscal Year reached US$3.13 billion which is an increase of $126 million a against similar period last FY, state media reported.
— Mizzima

Golden Myanmar Business Exchange plans $5 million data center
Data center service provider Golden Myanmar Business Exchange (GMBX) plans to build its second facility.
— Data Center Dynamics

TMH Telecom set to become Myanmar’s first true IPO
TMH Telecom gained approval Monday to become only the fifth corporation to go public in Myanmar’s fledgling stock market — and the first to raise fresh capital through an initial public offering.
— Nikkei Asian Review (paywall)

Pakistan, Nepal, Myanmar Back Away From Chinese Projects
In the short space of just a few weeks, Pakistan, Nepal and Myanmar have canceled or sidelined three major hydroelectricity projects planned by Chinese companies.
— VOA

India allows 1,300 Buddhists from Myanmar’s Rakhine state to enter Mizoram
In a contradiction of its own policy, the Indian government has allowed over 1,300 tribal Buddhist refugees from Myanmar’s Rakhine region to enter Mizoram.
— The Economic Times

Myanmar: UN Rights Body Must Take Strong Stand On Rohingya
The international community must take a strong stand on the dramatic deterioration of the situation for ethnic and religious minorities in Myanmar, where the military has carried out a vicious campaign of ethnic cleansing targeting the Rohingya people and continues to commit crimes against humanity on a daily basis, Amnesty International said ahead of a UN Human Right’s Council (HRC) emergency discussion on Myanmar.
— Common Dreams

Myanmar Army to Monitor Flow of Supplies Into Kachin’s Tanaing Township
Myanmar’s military will cut off the delivery of rice and gasoline to parts of Kachin state’s turbulent Tanaing township controlled by an ethnic armed group if they find that local businessmen operating “illegal” mines are receiving the supplies, a Kachin state government official said Monday.
— Radio Free Asia

MNA seeks license to offer direct Bagan-Angkor flights
Myanmar National Airlines (MNA) has applied for a license to operate direct flights between Nyaung U in Myanmar and Siem Reap in Cambodia in an effort to improve connectivity between Bagan and Angkor Wat – two of the region’s most popular heritage destinations.
— Coconuts Yangon

China urges Myanmar to boost economic ties, Daw Aung San Suu Kyi agrees
Chinese President Xi Jinping urged Myanmar’s State Counsellor Daw Aung San Suu Kyi to further strengthen and expand economic cooperation between their two countries.
— Myanmar Times

Myanmar CMs woo global investors at Horasis Asia Meeting in India
Two Myanmar Chief Ministers have invited global investors to be a part of Myanmar’s economic growth story.
— Mizzima

Myanmar bamboo market eyes growth potential
The colourful umbrellas made by hand at workshops in Pathein are among the products being affected by shortage of bamboo, a versatile raw material with considerable potential for commercial development.
— Frontier Myanmar

Yangon warns telecoms to get proper permits
The Yangon City Development Committee (YCDC) has warned telecommunications companies that have been given licenses to apply for permits when installing equipment or building communications towers in the city.
— Myanmar Times

SolarHome installs 1,000 PAYG solar systems in Myanmar
Singapore-headquartered Off-grid PV provider SolarHome has installed 1,000 household pay-as-you-go (PAYG) solar systems in rural Myanmar.
— PV Tech

Minister promises to sweeten sugar deals
The Myanmar Economic Corporation’s Kanhla sugar mill in Taungdwingyi Township is the major buyer of sugarcane. When farmers met the cabinet minister for agriculture Soe Myint, they complained that financial support for growing sugarcanes was insufficient and the long wait before the mill would accept their harvest caused the product’s quality to drop, along with the price paid to the farmers.
— Eleven Myanmar

China’s GAC Motor breaks into Myanmar market, sets sales target
Chinese car maker Guangzhou Automobile Group Motor Co (GAC) is hoping to sell at least 100 luxury car models in Myanmar next year despite tough competition in the market, U Moe Aung, after-sales manager at GAC told The Myanmar Times.
— Myanmar Times

Myanmar seeks PEFC membership
A delegation from the Myanmar Forest Certification Committee (MFCC) attended the PEFC General Assembly in Helsinki and formally declared their intention to be a PEFC member within three years.
— IHB

 

Feature photo Asian Development Bank

 

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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.

 

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