Myanmar Morning News For June 23

Myanmar Morning News For June 23

Myanmar morning news

7.9% inflation forecast
The average inflation rate in May was 5.96 per cent, with the highest rates reported in Rakhine, Kachin and Shan states, according to the Central Statistical Organisation.
Eleven Myanmar

Private investment reach Ks500bn
Until mid-June of this fiscal year, total private investment exceeded Ks501 billion, including US$224 million from 24 domestic investors, according to the Myanmar Investment Commission (MIC).
Eleven Myanmar

$1.8b FDI approved for 2017-18 so far
The Myanmar Investment Commission (MIC) has approved a total of US$1.85 million worth of investments from 66 foreign businesses and K501 billion worth of investments from 24 Myanmar citizens for fiscal year 2017-18.
The Myanmar Times

Ministry, UMFCCI join calls for import substitution as import rises
The import volume has increased by US$600 million, compared to the same period from the previous fiscal year, according to 2017-18 trade statistics up till May from the Ministry of Commerce (MOC).
The Myanmar Times

Dubai keen to invest in Myanmar gold
Dubai Gold Entrepreneurs Association wants to invest US$200 million in the gold industry in Myanmar, said U Kyaw Win, the secretary of Myanmar Gold Entrepreneurs Association.
The Myanmar Times

30 Thai SMEs seek partners in Myanmar
WITH THE Asean Economic Community opening up the region, representatives of 30 Thai small and medium-sized enterprises visited Myanmar from Monday to Wednesday to seek out local partners.
Eleven Myanmar

CEVA Opens Office in Myanmar
As part of its strategic expansion in the Mekong markets, supply chain management company CEVA Logistics has opened its office in Myanmar’s capital, Yangon.
Maritime Logistics Professional

Tech transfer clause linked to enactment of IPR law
The inclusion of the technology transfer clause in contracts inked in Myanmar by foreign firms will only take effect after the Intellectual Properties Right (IPR) law is enacted, said Deputy Minister for the Ministry of Planning and Finance U Maung Maung Win.
The Myanmar Times

UN: Myanmar Must Enable Women’s Entry Into the Workforce
Myanmar needs to realize the potential of women and enable their entry into the labor market in order to generate economic growth driven by a “gender dividend,” said the United Nations Population Fund (UNFPA) on Thursday.
The Irrawaddy

Logistics startup Kargo wins Seedstars Yangon, to compete for up to $1m funding
Logistics startup Kargo emerged as the winner of Seedstars Yangon 2017, the Myanmar leg of the worldwide early-stage startup competition Seedstars World.
Deal Street Asia

CSOs Oppose Karen State Coal-fired Power Plant
Nearly 150 civil society organizations (CSOs) across the country denounced a coal-fired power plant project in Karen State’s Hpa-an Township as a state minister confirmed plans for 11 new plants with an aim to source 33 percent of Myanmar’s energy consumption from coal by 2030.
The Irrawaddy

Caves, falls in Pyin Oo Lwin set to become tourist draw
The discovery of a series of limestone caves and waterfalls in Pyin Oo Lwin, Mandalay, by the Sein Lan Pyin Oo Lwin Environmental Conservation Group, has created excitement and interest to make it a potential tourist destination.
The Myanmar Times

Overseas maids to be registered
Myanmar is planning to send its maids to Thailand, Singapore and Hong Kong officially, said Thein Swe, minister for labour, immigration and population, on June 21.
Eleven Myanmar

2,000 old public buses, trucks other transport vehicles decommissioned
More than 2,000 pre-1995 model buses, trucks and cars used for public transit have been retired by the Road Transport Administration Department (RTAD) of Yangon Region, according a report in yesterday’s Myawady Daily newspaper.
Global New Light of Myanmar

Basic education to be extended to 12 grades: minister
Basic education will be extended to 12 grades from the current 10th grade, said Union Minister Dr Myo Thein Gyi at Pyidaungsu Hluttaw session on June 20.
The Myanmar Times

Connecting Myanmar libraries to global academia
Universities in Myanmar have been through decades of challenging times, with closures and limited links to the world.
New Mandala

Department to help women from domestic and sexual violence set up in Myanmar
A new department tasked with helping women in Myanmar to fight domestic and sexual violence has recently been set up by the Ministry of Social Welfare, Relief and Resettlement, according to The Irrawaddy Online on Wednesday.
Thai PBS

 

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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