Myanmar Morning News For June 1

Myanmar manufacturing PMI falls to 52.0 in May
The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, fell to 52.0 in May from 52.9 in April.
— Nikkei Asian Review

Machinery import regulations relaxed
The Ministry of Commerce has relaxed some disciplines in the machinery import process, as many machinery importers are facing difficulties.
— Eleven Myanmar

Vulpes to close Myanmar focused VC fund by July, to invest in tech, startups
Singapore based Vulpes Investment Management Pte Ltd is planning to close their Myanmar-focused fund by the end of July this year. Following the close of the fund, it will looking to invest in tech companies and startups
— Deal Street Asia

Sales of apartments booming thanks to instalment payments
Instalment housing under K30 million are experiencing strong sales within the real estate market, according to U Yan Aung, general manager of Asia Construction.
— Myanmar Times

Myanmar govt to enact measures to prevent dengue epidemic
Myanmar’s Public Health Department is calling for nationwide preventive measures against the spread of dengue fever after nearly 2,000 cases were reported in the first quarter of 2017, including nine fatal ones.
— Coconuts

The push to decriminalise drug use in Myanmar
Proposed changes to a 1993 narcotics law will treat drug addiction as a health problem rather than a crime and emphasise treatment and rehabilitation over long prison sentences.
— Frontier Myanmar

Meghalaya-Myanmar highway project may start next month
Work on the highway from Meghalaya to Myanmar is likely to start next month as part of the India-Myanmar-Thailand trilateral pact, Road, Transport, Highways and Shipping Minister Nitin Gadkari said today.
— Eastern Mirror

Manulife waiting for business permit for Myanmar
Manulife is currently waiting for the Myanmar government to issue it a business permit, allowing the insurer to operate in the country.
— Insurance Business

Mon State levee collapses just a month after construction
The Mon State government is taking flak from residents after a levee in Alab village collapsed just a month after being built.
— Coconuts

Myanmar Manufacturing Sector Slows In May
The manufacturing sector in Myanmar continued to expand in May, although at a slower rate, the latest survey from Nikkei showed on Thursday with a manufacturing PMI score of 52.0.
— Business Insider

Myanmar rejuvenation time
In the 18 months since elections put Aung San Suu Kyi’s National League for Democracy (NDL) in power in Myanmar, the oil and gas industry has been sitting on its wallet. Normally the biggest contributor by far to Myanmar’s foreign direct investment (FDI), the offshore oil industry has hardly made a dent in the $6.87bn invested from abroad in the most recent fiscal year.
— Petroleum Economist

Chasing dreams against the tide
On the shore of Shintong, a small island near the southern tip of Myanmar, 67-year-old Gumpon Junjaraun is busy placing planks on a bus-sized fishing boat, getting it ready to take him out to the Andaman Sea to fish again.
— Mekong Commons

Myanmar weighs infrastructure, strategic ties to China
Xi Jinping, China’s president, staged an impressive show for Asean leaders attending his summit in Beijing this month. The assembled politicians received the intended message loud and clear — that their countries stand to benefit from the One Belt One Road initiative every bit as much as China.
— Financial Review

Closing the infrastructure gap through blended finance
With ASEAN turning 50 years old and China’s Belt and Road Initiative taking centre stage, connectivity is a buzz word embraced by politicians and pundits alike. With the Fourth Industrial Revolution, Myanmar should look at developing connectivity in terms of both hardware and software, according to Ken Tun, chief executive officer of Parami Energy.
— Myanmar Times

Big 4G push to drive Myanmar’s smartphone use
Smartphone use in Myanmar is getting a major boost as the country’s largest mobile carrier has bumped up the wireless data transmission speed in major cities, paving the way for more fluid video viewing.
— Nikkei Asian Review

KNU signs agreements at Panglong Conference
The Karen National Union will give clarifications on agreed points that resulting from the second session of the 21st Century Panglong Conference, a source of the KNU said.
— Eleven Myanmar

Chin roads ruined by dump soil
Roads in Chin State have been ruined by dump soil and rain, making commuting difficult, sources say.
— Eleven Myanmar

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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.

Myanmar Morning News For June 1 added by Leakhena Khat on June 1, 2017
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.