Myanmar Morning News For July 14

Myanmar Morning News For July 14

Myanmar morning news

Myanmar to meet FDI target this financial year
Myanmar intends to attract US$6 billion in Foreign Direct Investment (FDI) in financial 2017-2018, according to U San Myint, the Deputy Director-General of Directorate of Investment and Company Administration (DICA), according to his public statements before the Myanmar Investment Commission on 11 July.
Global New Light of Myanmar

Government targets trade worth US$29 billion in 2017 – 18
Trade volumes amounting to US$29 billion have been targeted for 2017-18, with US$14 billion from exports, and US$15 billion from imports, said U Khin Maung Lwin, assistant secretary from the Ministry of Commerce.
The Myanmar Times

Myanmar opens arms for the first foreign company to build an oil and gas supply base
MOSB Limited (MOSB), has received approval from the Myanmar Investment Commission (MIC) on 11July, 2017 to build and operate a supply base in Mon State, with the endorsement from the Ministry of Energy.

16 investments get go ahead
The Myanmar Investment Commission (MIC) has allowed 16 domestic and foreign investments, including a company to provide services for an offshore oil producer, during a meeting held on July 11.
Eleven Myanmar

India plans $252m upgrade to road link with Myanmar
The Indian cabinet has approved a multi-million dollar upgrade to a highway in Manipur that will improve transport links to Myanmar and Southeast Asia, the Hindustan Times reported.
Frontier Myanmar

Exports increase in Maungtaw Border Trade Zone
Border trade in Maungtaw, Rakhine State reached US$1.75 million during the first three months of FY2017-2018, according to official statistics of the Maungtaw Border Trade Zone.
Global New Light of Myanmar

Lack of accountability and clarity in SEZ Law highlighted in Dawei
An inadequate legal framework, poor implementation process, absence of accountabilities and the lack of transparency lead to violations of human rights and environmental disruption in Myanmar’s Special Economic Zones, speakers at the Myanmar Special Economic Zones Forum highlighted.
The Myanmar Times

SEZ approval depends on residents’ approval: Rakhine chief
Rakhine State Chief Minister Nyi Pu told Yanghee Lee, the UN’s special rapporteur on human rights in Myanmar, on July 12 that Kyaukphyu Special Economic Zone would be approved only if it improved the wellbeing of residents.
Eleven Myanmar

Govt focuses on improving prices of crops
The government is now focusing to get better prices for the country’s agricultural crops as the problem of farmland-grabbing cases has declined, said Vice President 2 U Henry Van Thio on Wednesday.
The Myanmar Times

Unlicensed domestic tour operators want to be legalised
Some 600 unlicensed domestics tour operators in the country want to apply for licenses, approved by the Ministry of Hotel and Tourism, to legalise their businesses as they do not want to be associated with unscrupulous travel agents, said a tour operator’s association.
The Myanmar Times

Sustainability is key to the future of tourism in Myanmar
Destination management is needed to achieve sustainable tourism, which will contribute to jobs and long-term growth in Myanmar.
The Myanmar Times

Minister promises jobs for the young
Every possible technique will be sought to create more employment opportunities for young people, according to Dr Win Myat Aye, minister for social welfare, relief and resettlement, while visiting a relief camp opened by the ministry in Myawaddy Township, Kayin State.
Eleven Myanmar

Enforce timber law: MP
A member of parliament urged the Union government to enforce the laws against the illegal trade of timber in Myanmar during yesterday’s Pyithu Hluttaw session.
Global New Light of Myanmar

Dolphins are Struggling to Survive in Myanmar
Conservationists hope that ecotourism might be the answer to protecting traditional fisheries and the dolphins they partner with.
The News Lens

Traditional medicine threatens Myanmar’s elephants
Trade in elephant skin for use in traditional medicine has increased in Myanmar, alarming conservationists and authorities who have monitored the species’ decline.
Business Standard

Draft Amendments to Telecoms Law Submitted to Parliament
The Ministry of Transport and Communications submitted a draft bill to amend Myanmar’s 2013 Telecommunications Law to the Upper House of the Parliament on Thursday.
The Irrawaddy

Is pork barrel politics emerging in Myanmar?
In 2014, new legislation introducing a Constituency Development Fund (hereafter CDF) was passed by Myanmar’s Union parliament, then dominated by the Union Solidarity and Development Party (USDP).
New Mandala

Gendered rumours and Muslim scapegoats in Myanmar
In Myanmar, rumours abound about the assault and coercion of Buddhist women.
New Mandala


Feature photo imke.stahlmann
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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