Myanmar Morning News For December 6

Myanmar Morning News For December 6

Myanmar morning news Myanmar’s foreign trade hits over 16 bln USD in 1st half of FY 2017-2018
Myanmar’s foreign trade hit 16.3 billion U.S. dollars in the first half of fiscal year 2017-2018 which started in April, but suffered a trade deficit of 1.86 billion U.S. dollars, the official Global New Light of Myanmar reported Tuesday.
— Xinhua Net

New industrial zones planned at 11 townships in Yangon Region
The Yangon Region Government is planning to construct new industrial zones in 11 townships outside the Yangon, according to U Nay Win, representative of Pyithu Hluttaw in Thongwa township of Yangon region.
— Myanmar Times

UN Human Rights Council Condemns Myanmar’s ‘Crimes’ Against Rohingya Muslims
The United Nations Human Rights Council strongly condemned Myanmar at a special session on Tuesday for the “very likely commission of crimes against humanity” by state security forces assisted by non-state actors in the country’s troubled Rakhine state.
— Radio Free Asia

Agreement to Stifle Witnesses Will Not End Myanmar Crisis
The governments of Bangladesh and Myanmar have signed a bilateral arrangement concerning the repatriation of the Rohingya from camps in Bangladesh to Rakhine state in Myanmar. The agreement was signed by both governments on 23 November 2017 at Nay Pyi Taw.
— Scoop World

UN: China Fails To Scupper Resolution On Myanmar’s Persecution Of Rohingya
Responding to the failed attempt by China, Philippines and Burundi to vote down a UN Human Rights Council resolution on the situation of the Rohingya and other minorities in Myanmar, Nicholas Bequelin, East Asia Director at Amnesty International, said:
— Common Dream

Mon State expects fresh FDI next year
Mon State attracted foreign direct investments (FDI) totaling $5.9 billion between 1994 and 2017, according to the Mon State Directorate of Investment and Company.
— Myanmar Times

MADB extends K5 billion loan to Mon State farmers
State-owned Myanmar Agriculture Development Bank (MADB) will approve a K5 billion loan to farmers in Mon State, according to MADB’s Mawlamyine branch in Mon State.
— Myanmar Times

Equipment suppliers target garment manufacturers
Foreign firms seeking to capitalise on Myanmar’s booming garment sector will be travelling to the country for an exhibition targeting local manufacturers later this week.
— Frontier Myanmar

Japan supports low-cost housing experiment
The Japan-Myanmar Association for Industry of Housing and Urban Development (UMHU) and Myanmar Construction Entrepreneurs Association (MCEA) signed a memorandum of understanding (MoU) on December 4 to run a trial on a low-cost housing project.
— Myanmar Times

11,000 new HIV infections recorded in Myanmar last year
About 11,000 new HIV infections were recorded in Myanmar last year, U Myint Htwe, union minister for health and sports, said at a ceremony marking the World AIDS Day in Nay Pyi Taw on Tuesday.
— Xinhua Net

Carlsberg builds a beer empire in Myanmar
Carlsberg Group, the Denmark brewer of Carlsberg beer, is expanding fast in Myanmar. Last month, the brewer opened its 1000th draught outlet in the country, four years after it first inked a joint venture with Myanmar Golden Star (MGS) to form Myanmar Carlsberg Co, and two years after it opened a $100 million brewery in Bago.
— Mynamar Times

Better legislation to attract Austbusinesses to enter Myanmar
Though Myanmar has yet to receive investment from Australia in fiscal year 201718, the nation’s improved business regulations should arouse Australian investors’ interest, according to a diplomat.
— Eleven Myanmar

Government to regulate ride-hailing mobile apps
The government will issue new rules to regulate the taxi industry in Myanmar, said Daw Nilar Kyaw, Minister of Electricity, Industry, Transport and Transportation.
— Myanmar Times

Myanmar banks cheer central bank’s compromise on loan deadline
Private banks have welcomed a move by Myanmar’s central bank to allow them more time to clear most of their loan books, giving breathing space to lenders who had warned of a cliff-edge scenario that could have destabilised the financial system.
— Reuters

SeDAM formed to support social enterprises in Myanmar
Support is forthcoming for social enterprises operating in Myanmar with the establishment of Social Enterprise Development Association Myanmar (SeDAM).
— Myanmar Times

Myanmar launches education program against child abandonment
Myanmar has launched an education program on youths against child rape and child abandonment following the holding of the Youth All-Round Development Festival in Yangon.
— Xinhua Net

Construction of Dawei SEZ back on the cards
The government is exploring ways to restart development of the suspended Dawei Special Economic Zone (SEZ), saying the SEZ will benefit Myanmar as well as the region.
— Myanmar Times

Aust backs businesses to empower Myanmar women
DOMESTIC and international companies in Myanmar should improve women’s empowerment at their workplaces to ensure sustainable growth, say participants at the annual conference on women in business and leadership development, supported by the Australian Embassy.
— Eleven Myanmar

Myanmar National Airlines hops on twin-destination drive
An application to run flights lining world heritage sites in Myanmar and Cambodia has been lodged as part of a bid to boost tourism.
— TTG Asia

The Other Arakan Conflict Sends 1,600 Myanmar Refugees to Mizoram
While the clashes between the Arakan Rohingya Salvation Army (ARSA) and the Myanmar Army have been raging, the ongoing struggle of the Arakan people and the Myanmar Army has also been on the boil. Myanmar is no stranger to ethnic conflicts and secessionist movements, and these conflicts have often spilled across international borders.
— News Click

 

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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