Myanmar Morning News For July 7

Myanmar Morning News For July 7

Myanmar morning news

State capital and major city in Chin State embrace industrial zones
Industrial zones will be built in two major cities in Chin State – Hakha and Paletwa, and local and foreign investment will be welcome, according to a state minister.
The Myanmar Times

Myanmar Tycoon Says Economy Neglected by Suu Kyi’s Government
Myanmar tycoon Serge Pun, one of the wealthiest men in Asia, said on Thursday the government led by Aung San Suu Kyi has neglected the nation’s much-needed economic reform.
The New York Times (paywall)

Bringing the power
The private sector has a key role to play in meeting Myanmar’s power needs but a lack of policy clarity and difficulty attaining sovereign guarantees has held back investment.
Frontier Myanmar

Mon State residents to protest coal plants
Mon State residents are preparing to roll out the picket lines over plans to build a new coal-fired power plant.
Burma News International

Rakhine’s hydropower pipe dreams
Eight years after the junta’s power minister declared that Rakhine State would be home to several major hydropower projects, residents still dream of a steady electricity supply.
Frontier Myanmar

Trade in pulses, sesame seeds slackens after bank accounts frozen
Mandalay businessmen said prices of pulses and sesame seeds declined after a Chinese bank decided to freeze dozens of Myanmar traders’ accounts last month, triggering a slowdown in the trade of the commodities.
The Myanmar Times

Myanmar, India strengthen marine security, economy
Myanmar and India have vowed to strengthen political and security cooperation and deepen their economic corridor, Minister for State Counsellor’s Office U Kyaw Tint Swe said Wednesday.
The Myanmar Times

Ngapali expands in tourism as domestic demand doubled in 2016
Rising demand from both international and local visitors is spurring interest from investors to take a stake in Ngapali, and further growth is expected to be boosted by increasing flight connectivity, according to the latest report from Colliers International.
The Myanmar Times

France and Thailand to jointly open hotels in Myanmar
France-based AccorHotels and Thailand-based LP Holding have signed a shared contract to open three new hotels in Myanmar – one in Yangon and two in Mandalay.
Eleven Myanmar

Myanmar prepares to seek UNESCO World Heritage Designation for Shwedagon Pagoda
The Ministry of Religious Affairs and Culture is preparing to propose that Shwedagon Pagoda be designated a UNESCO World Heritage Site in 2020, according to a report in the City News Daily yesterday.
Global New Light of Myanmar

Growth of regional capitals as important as Yangon and Mandalay
Regional capitals and secondary cities need to be connected to Yangon and Mandalay and play a part in Myanmar’s urbanisation in order to facilitate inclusive economic development, according to a report published by a UK-headquartered research centre.
The Myanmar Times

Mitsubishi Chemical to market drinking water systems in Myanmar
Japan’s Mitsubishi Chemical Holdings will begin selling a river water treatment system to the private and public sectors in Myanmar, where economic growth is expected to drive demand for safe drinking water.
Nikkei Asian Review (paywall)

Japan’s Acecook opens instant noodle factory in Myanmar
Japanese food manufacturer Acecook Co on Tuesday held an opening ceremony for its new factory in Myanmar, becoming the first Japanese instant noodle maker to produce locally in the Southeast Asian country.
The Myanmar Times

Myanmar: Local startups Chate Sat, White Merak bag six-digit funding
Myanmar startups Chate Sat, a freelancing platform and White Merak, an animated comic application, have secured six digit investment each from local and foreign investors.
Deal Street Asia

Illegal mill, teak seized in Sagaing
An illegal sawmill and teak logs have been confiscated in Indaw, Sagaing Region, according to the township administration office.
Eleven Myanmar

Leftover land disputes vex government as discontent grows
The government has struggled to make headway on thousands of long-running land disputes, one the country’s most important but complex issues.
Frontier Myanmar

Public works and fisheries conservation discussed at Amyotha Hluttaw
U Ngun Hay of Chin State addressed the Amyotha Hluttaw yesterday about a plan to unsatisfactory road work by Global Village Co. in Hranhrein Village, Haka, Chin State.
Global New Light of Myanmar

MoU Myanmar workers migrating to Thailand is higher than previous
Thousands of undocumented workers are returning home from Thailand due to a new labour law, while the number of MoU workers migrating to Thailand is higher than last month.
Eleven Myanmar

 

Feature photo Eddy Milfort
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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