Myanmar Morning News For June 27

Myanmar Morning News For June 27

Myanmar morning news4 new companies to join YSX by 2018
Four new companies are expected to join the Yangon Stock Exchange within the next 18 months, according to a senior member of the Securities and Exchange Commission of Myanmar, which oversees the country’s first bourse.
Frontier Myanmar

Myanmar-focused PE Delta Capital to close $50m second fund by July
In a market like Myanmar that contributes a marginal portion to Southeast Asia’s private equity (PE) deal value and volume, one of the nations few PE firms Delta Capital has deployed its first vehicle fully and is well on its way to raise $50 million for the second one by July — an indication that PE investment activity is slow but picking up in the country.
Deal Street Asia

India to hand over six vessels worth $81 million to Myanmar
India will hand over six cargo vessels worth US$81.29 million (K110.08 billion) to the Myanmar government in Sittwe today under an agreement called the Kaladan Multi Modal Transit Transport Project.
The Myanmar Times

Despite Opposition, Ministry Says It Will Increase Electricity Prices
The Ministry of Electricity and Energy will increase electricity prices soon, said deputy minister Dr. Tun Lwin, citing an annual financial loss of 300 billion kyats concerning the electricity supply.
The Irrawaddy

Gov’t: public should be consulted on coal power
The government is currently streamlining its policy for the power sector to ensure the country’s energy security and coal can be one of the options, according to Daw Mi Mi Khaing, director general of Department of Electric Power Planning under the Ministry of Electricity and Energy.
The Myanmar Times

Minister to negotiate trade deals with China
Commerce minister Dr Than Myint says he will try to negotiate with Chinese officials to get a bilateral trade agreement.
Eleven Myanmar

Thai-Myanmar border trade value this Financial Year exceeds that of last Financial Year
Values of Thailand-Myanmar border trade from 1st April to 16th June this Financial Year 2017-2018 amounted to more than US$250 million which showed increase of US$9 million against last FY, according to the official figures released by the Commerce Ministry last Friday.
Global New Light of Myanmar

Myanmar aims to boost gold and jewellery exports
MYANMAR plans to step up the promotion of jewellery and product in a bid to boost exports, Planning and Finance Kyaw Win said.
The Nation

Betel nut export via Tamu border gate declines
Betel nut export through Tamu border camp between Myanmar and India are declining, said betel nut merchants.
Global New Light of Myanmar

Mandalay beans and Pulscs market on decline despite unblocking of accounts
Mandalay beans and Pulscs market remains on decline this week even after China has unfrozen over 300 bank accounts.
Global New Light of Myanmar

Car importation policy to be issued by year end
The government will issue a general car importation policy within the year to put an end to the current confusion in the industry, Commerce Minister U Than Myint told The Myanmar Times.
The Myanmar Times

Japan’s Daiwa to buy into Myanmar internet provider
Daiwa Securities Group will invest nearly 700 million yen ($6.26 million) in Myanmar internet service provider Frontiir with the hope of cashing in on abundant growth potential.
Nikkei Asian Review (paywall)

Car parking requirements add to continuing woes
The condominium market in Myanmar’s commercial capital remained sluggish in the first quarter of 2017 with lacklustre sales being recorded for most projects, according to the latest report by Colliers International Myanmar.
The Myanmar Times

10 marine animal species threatened with extinction in Rakhine State
About 10 marine animal species found on the Rakhine coast, including sharks, dolphins, dugongs, sea dragons and whales, are threatened with extinction, according to the local Department of Fisheries.
Eleven Myanmar

Southeast Asian nations torch $1 billion of seized drugs
Myanmar, Thailand, and Cambodia torched nearly $1 billion worth of seized narcotics on Monday, a defiant show of force as police struggle to stem the rising flow of drugs in the region.
Manila Bulletin

Three Reporters Among Seven Arrested in Myanmar For ‘Connections’ to Ethnic Militia
Seven people, including three reporters, have been detained and charged by the military in Myanmar’s volatile northeastern Shan State for “having connections” to an ethnic armed group that has engaged in recent hostilities with the armed forces, the national army said on Monday.
Radio Free Asia

 

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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