Myanmar Morning News For July 17

UMFCCI to submit suggestion to improve Myanmar’s economy in coming 12 months
IN an attempt to improve Myanmar’s economy in 12 months, Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and its associate members will submit suggestions to the State in the first week of August, said U Ye Min Aung, the vice president of UMFCCI.
– Global New Light of Myanmar

Myanmar exports 700,000 tonnes of rice in April-June
Myanmar exported a total of 700,000 tonnes of rice during April-June, the country’s official media reported on July 14.
– VietnamPlus

Jade exports earn $23m in Q1, show ministry figures
Myanmar earned US$23 million (about K31.5 billion) from jade exports in the first quarter of the fiscal year, up $746,000 over the same period last year, show Ministry of Commerce figures reported by state-run media on July 14
– Frontier Myanmar

Experts Urge Govt to Embrace Renewable Energy
Experts urged the government to consider including renewable energy sources in the national energy plan at a talk concerning a “clean energy vision for Myanmar” in Yangon on Thursday.
– The Irrawaddy

Mon State establishes investment committee
Mon State officials are trying to streamline investment projects via a new committee established to vet and approve proposals for the state.
– Burma News International

Singapore to invest $316m in housing
The Myanmar Investment Commission (MIC) has allowed two Singapore companies to invest over US$316 million in two Yangon housing projects, according to the Directorate of Investment and Companies Administration (DICA).
– Eleven Myanmar

Rice trade policy in the pipeline: MRF
The Myanmar Rice Federation (MRF) says it is making efforts to ensure the emergence of a rice trade policy during this financial year.
– Eleven Myanmar

Sri Lanka signs rice deal
Myanmar plans to export 0.2 million tonnes of parboiled rice and 0.3 million tonnes of white rice to Sri Lanka under a memorandum of understanding this year, according to Myanmar Rice Federation (MRF).
– Eleven Myanmar

Maungtaw crab catchers benefit from breeding season
Crab catchers are earning an average of Ks10,000 during the rainy season, according to local fishermen in Maungtaw Township, Rakhine State.
– Global New Light of Myanmar

Over 200 hotel rooms to be added in Myeik Archipelago for coming high season
MORE THAN 200 hotel rooms will be added in the Myeik Archipelago in the coming high season starting in October and November, said U Hlwan Moe, in charge of the Kawthaung District Directorate of Hotels and Tourism under the Ministry of Hotels and Tourism.
– Global New Light of Myanmar

Landing bridge for tourists and local visitors in Kawthoung
Taninthayi Region Government is implementing the construction of a landing bridge in Kawthoung to be used by local and foreign visitors, according to Kawthoung District Road department.
– Global New Light of Myanmar

Fujifilm invests in Thilawa to facilitate import, distribution and sales
Japan-based Fujifilm Holdings Corporation is open for business in the Thilawa Special Economic Zone (SEZ).
– The Myanmar Times

Myanmar and Viet Nam Real Estate Service Association to sign MoU
Myanmar Real Estate Service Development Association and the Viet Nam Real Estate Service Association are negotiating a Memorandum of Understanding (MoU) to enhance the real estate sectors of both nations.
– Global New Light of Myanmar

Myanmar: Investment firm MIL explores listing on Asian bourse, two new deals
AIM-listed Myanmar Investments International Limited (MIL) is considering a listing on an Asian bourse to increase its liquidity and gain more retail investors.
– Deal Street Asia

Digital Economy Development Committee held
U Henry Van Thio, Vice President addressed the digital economy development committee meeting 1/2017 held at the meeting hall of the Ministry of Planning and Finance in Nay Pyi Taw at 9 am yesterday and said that efforts have been made to upgrade the national economy and so as to economically compete with countries in the regions under the economic policy of Myanmar.
– Global New Light of Myanmar

MP wants authorities to monitor illegal gold and amber mines in Tanai, Hpakant
A lawmaker has urged the Union government and state government to monitor illegal gold and amber mines in Tanai and Hpakant townships in Kachin State.
– The Myanmar Times

UNODC’s Jeremy Douglas: ‘Myanmar really is the epicentre of the drug trade’
On June 26, the government commemorated the International Day Against Drug Abuse by burning illicit drugs with a street value of more than US$200 million at a lavish ceremony in Yangon.
– Frontier Myanmar

India pursues Act East policy via Myanmar
Myanmar military chief Min Aung Hlaing wrapped up an eight-day visit to India, with an eye on bilateral defense cooperation. New Delhi has rolled out the red carpet for Min, welcoming his goodwill trip with a charm offensive.
– Global Times

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.