Myanmar Morning News For June 21

Myanmar Morning News For June 21

Myanmar morning news

Govt to spend Ks 107bn on new hydropower projects, extended electricity
The government will spend more than Ks 107 billion this fiscal year on building hydroelectric power plants and extending the generation of electricity of the existing hydropower projects, according to the budget for the Ministry of Electricity and Energy.
Eleven Myanmar

Deposit rate reduction on gem purchases underway
Preparations are being made to scale down the euro deposit rate for gems purchased at the 54th Myanmar Gems Emporium in Nay Pyi Taw in order ease the purchase process, said U Tun Hla Aung, the secretary 2 of the Myanmar Gems and Jewellery Entrepreneurs Association to Myawady newspaper.
Global New Light of Myanmar

Compulsory monitoring of fishing boats soon
The Vessel Monitoring System (VMS) is to be fitted on all offshore fishing vessels operating in Myanmar territorial waters, said Deputy Agriculture, Livestock and Irrigation Minister U Hla Kyaw.
The Myanmar Times

Rohingya insurgency takes lethal form in Myanmar
The newly formed Arakan Rohingya Solidarity Association militant group is wreaking havoc in the country’s already volatile western Rakhine State
Asia Times

Foreign firms allowed trade agricultural products, constructional materials
Myanmar has allowed foreign companies to engage in both wholesale and retail trading of fertilizer, pesticide, seeds, hospital equipment and construction materials, according to Notification 36/2017, issued by the Ministry of Commerce.
Eleven Myanmar

Thanakha cultivators facing difficulty due to low demand
Thanakha cultivators from Ayadaw Township, Mandalay Region, are facing difficulty because of low demand and scarcity of the skilled labours, said U Kyaw Moe, chairman of Ayadaw Township Thanakha Cultivation, Producion, Export and Sales Association.
Global New Light of Myanmar

Farmer shortages cause delay in farming in Ayeyawady
Although there has been enough rainfall to grow monsoon paddy in Ayeyawady Region, the start of the farming industry in the area has been delayed by a shortage of workers.
Eleven Myanmar

Sustainable Development of Yangon City Requires a Holistic Vision
“The idea of sustainable urban development is all about seeking economic, social and environmental returns on investment and that should be the aim of the government, private sector and all other interested stakeholders”.

AIM-listed Myanmar-focused MIL raises $6.3m to invest in portfolio
Myanmar Investments International (MIL), a Myanmar-focused AIM-listed holding company, has announced that it has closed a $6.3 million fund raising through its funding platform PrimaryBid.
Deal Street Asia

Inter-related challenges for SMEs and financial sector
When developing a country’s economy, the success of small and medium-sized enterprises (SMEs) is a vital part and should be a priority for any administration which is keen to maintain prosperity.
The Myanmar Times

Efforts made for MraukU inclusion on UNESCO World Heritage list
With more staff and an increased budget, survey works are being carried out to put the MraukU region on the list of UNESCO World Heritage sites, said U Nyein Lwin, Director of the Department of Archaeology and the National Museum in MraukU.
Global New Light of Myanmar

Bagan redraws heritage zones
Bagan’s World Heritage zone will skirt existing buildings and in some areas be extended to ensure communities do not lose residences or buildings.
TTR Weekly

Myanmar seeks better coordination in ODA
The government indicated a determination to better coordinate development assistance among sectors, ministries and projects, according to a senior official from the Ministry of Planning and Finance at the Aid & Development Asia Summit held in Nay Pyi Taw on June 14 and 15.
The Myanmar Times

Myanmar Officials Ask China to Reopen Bank Accounts of Traders in Muse
Myanmar officials have been negotiating with the Chinese embassy to reopen Chinese bank accounts held by Myanmar traders in the border area of northern Shan state, which were frozen last week over possible links to illegal activities, a local Myanmar administrator from the town of Muse said Tuesday.
Radio Free Asia

Drug Seizure Believed to be Largest Ever in Sagaing Division
A sizeable amount of drugs including 100,000 methamphetamine tablets was found in two urban wards in Sagaing Division’s Monywa Township on Monday, believed to be the largest-ever drug seizure in the division, according to the Monywa Police Force.
The Irrawaddy


Feature photo Jean-Marie Hullot
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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