Myanmar Morning News For July 24

Myanmar Morning News For July 24

Myanmar morning newsYangon tender committee launches website
According to an announcement by Yangon’s tender selection committee, all bids for the Yangon Region will pass through a new website.
Eleven Myanmar

New Companies Law Submitted to Parliament
The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday.
The Irrawaddy

Tax cuts impossible: minister
Kyaw Win, minister for planning and finance, says it is impossible to decrease taxes on small- and medium-sized enterprises (SMEs) as the government has already lowered them.
Eleven Myanmar

Kayin chief minister offers powerful reasons for a coal-fired electricity plant
Nang Khin Htwe Myint says a planned coal-fired power plant must go ahead to attract the foreign investment needed to support development and create jobs.
Frontier Myanmar

Roads to be paved at Muse 105-mile trade zone
Upgrading the roads at the Muse 105-mile trade zone will involve construction of reinforced concrete roads for the convenience of trucks going to and from Muse 105-mile trade zone.
Global New Light of Myanmar

Deep-sea port needed for delta region to boost logistics
Developing a deep-sea port at the delta region, reforming the customs valuation process and increasing customs’ operating hours are policy recommendations endorsed by an advocacy group.
The Myanmar Times

Myanmar plans to boost trade facilitation with ADB help
As Myanmar aims to increase its exports to major trading partners like China and Thailand, trade facilitation would be supported by development lenders including Asia Development Bank, an official says.
– Eleven Myanmar

International trade by sea increased by $1.3 bln since April
THE value of trade between Myanmar and international countries by sea topped US$6.8 billion in the current financial year and the figure was $1.3 billion more than that of last year, according to the official statistics issued by the Ministry of Commerce on Friday.
Global New Light of Myanmar

Chinese tax on Myanmar goods slows trade to a trickle in July
To protect the local production of Chinese farmers, the China authorities increased its tax rate to 100 per cent for imported goods, prompting most merchants to halt trade in July.
Global New Light of Myanmar

Authorities question trade surplus at Htee Khee border gate
Exports rose at the Htee Khee border gate between the Myanmar and Thai crossing in 2016-17 and appear to be exceeding imports in 2017-18, data released by border trade office showed.
The Myanmar Times

Imports rise $852m
Until July 14 this fiscal year, the country’s imports exceeded US$5.3 billion, up US$852 million compared with the same period last year, according to the Commerce Ministry.
Eleven Myanmar

April-July agricultural export reaches US$954 million, down $50 million
Export from agriculture sector reached US$954 million from 1 April to 14 July, $50 million less than last year.
Global New Light of Myanmar

Eel exports earn foreign currency year round
Out of all exported fisheries products, eel is the main export product in earning foreign money, as the eels can be caught year round.
Global New Light of Myanmar

MEDA and Canadian Embassy offer grant programme to farmers and small companies
With support from Global Affairs Canada, MEDA is launching a call for expression of interest particularly for agriculture businesses and business-oriented networks working directly or indirectly with smallholder farmers, in a new matching grant programme, according to a press release on July 21.
Mizzima

MoU signed for cooperation of agronomics service centers projects
MoU signing ceremony between Myanmar Rice Association, Myanmar Agronomics Public Corporation Ltd. and CITIC Construction Co.,Ltd. was held at Nay Pyi Taw Thingaha Hotel at 4 pm of 21st July for implementation of agronomics service centers projects.
Global New Light of Myanmar

Agri machinery trading zones to be established
Agricultural machinery trading zones will be established in 14 states and regions, with discussions already held with related businesses, said Union Minister for Planning and Finance U Kyaw Win during a Myanmar Private Sector Development Committee and Myanmar Entrepreneurs Regular Meeting led by Vice President U Myint Swe on Thursday at the Union of Myanmar Federation of Chambers of Commerce and Industry.
Global New Light of Myanmar

Ford opens Yangon factory
The government and motor giant Ford jointly opened a car assembly plant in Yangon on July 21.
Eleven Myanmar

Garment factory installs rooftop solar PV to fend off rising electricity cost
A garment business in Myanmar installed a solar photovoltaic system in a bid to reduce consumption of grid-based electricity, as electricity prices are expected to increase further in the coming years.
The Myanmar Times

Over 100 Myanmar nationals rescued after Thai authorities break migrant trafficking ring
Over 100 Myanmar nationals were rescued this week after Thai authorities busted a human trafficking ring on the outskirts of Bangkok, Myanmar state media reported on 21 July.
Burma News International

Myanmar’s meddling in Rohingya probe ‘unacceptable’: UN envoy
Myanmar’s attempts to disrupt an investigation into human rights abuses against the country’s Rohingya Muslim minority are “unacceptable,” the United Nations’ special rapporteur on the matter said Friday.
Nikkei Asian Review (paywall)

 

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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Cara Navarro

Cara Navarro

Journalism Intern at AEC News Today
Cara recently finished her first year at Bryn Mawr College in the United States, where she is studying Growth and Structure of Cities. While she is from Manila, Philippines, she has lived in multiple cities around the world, most recently Phnom Penh.

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