Myanmar Morning News For June 28

Myanmar Morning News For June 28

Myanmar morning news

Real estate prices reach record highs downtown and at industrial zones
Government real estate assessors estimate that property values on Kabar Aye Pagoda Road and Pyay Road between Kamayut and Sanchaung townships have reached a record highs of Ks400,000 per square foot, according to a report in yesterday’s Myawady Daily newspaper.
– Global New Light of Myanmar

No profits from Myanmar-China gas pipeline: deputy minister
No profits have been made yet from the Myanmar-China natural gas pipeline project, which sends gas to China from offshore deposits in Rakhine State, while Chinese loan for the project is still being paid, said deputy minister for electric power and energy Dr Tun Naing.
Eleven Myanmar

NLD positive on clean coal technology
Clean coal technology might be an option for the government’s energy policy, according to an NLD spokesperson.
The Myanmar Times

Lawmaker Presses Union Govt to Share Pipeline Profits with Shan State Govt
A Shan State lawmaker in the Lower House has asked the Union government to share the profits from the Shwe natural gas pipeline for development in Shan State.
The Irrawaddy

Plans for new rubber plant discussed in Thaton Township
Ministry of Industry and Thaton Township officials discussed plans to build a new rubber manufacturing plant in the Mon State, according to a report Myawady Daily newspaper.
Global New Light of Myanmar

Myanmar will export and import gold: VP
The government is planning to submit a proposal to the Union parliament to allow imports and exports of gold, and if other countries do not imposed taxes on gold exports or imports, Myanmar will not impose taxes, said Vice President Myint Swe.
Eleven Myanmar

New licences and renewals to be considered after gemstone legislation
The Ministry will consider renewing expired licences and awarding new applications once the proposed gemstone law is approved by the parliament, according to the U Ohn Win, Union Minister for Natural Resources and Environmental Conservation.
The Myanmar Times

India, Myanmar discuss ways to boost trade, investments
India today sought cooperation of Myanmar in enhancing road, sea and air connectivity between the countries to increase bilateral trade.
The Times of India

China accepting new accounts to facilitate border trade
China will accept the opening up of new bank accounts for border trading by Myanmar business persons despite the fact many were frozen on suspicion of being linked to illegal activities.
The Myanmar Times

Monsoon paddy growers decline in eastern Bago Region
The numbers of farmers growing monsoon paddy in Thanatpin Township in eastern Bago Region are declining year after year as the region faces flooding annually, and the cost of paddy planting is higher than ever.
Eleven Myanmar

Myanmar’s tourism industry faces challenges
Myanmar’s tourism industry has experienced a significant decline compared to previous years.
Global New Light of Myanmar

SECM to tie up deal with Thai securities regulator
Myanmar will sign the first memorandum of understanding (MoU) on securities exchange cooperation with Thailand’s Securities and Exchange Commission, seeking the neighbour’s knowledge and expertise in capital market development.
Eleven Myanmar

IFC urges Myanmar to improve information disclosure for fundraising
AS MYANMAR encourages public companies to list on the Yangon Stock Exchange (YSX), the International Finance Corporation is helping the government educate companies about the importance of transparency and disclosure standards in company reporting, according to an IFC executive.
Eleven Myanmar

Myanmar transforms post boxes into money-making billboards
Myanmar’s state-owned postal service has begun renting out advertising space on public mailboxes in a Japanese-supported effort to cover the cost of setting up and maintaining the mail collection network.
Nikkei Asian Review (paywall)

Local venture capital firm BOD Tech joins Myanmar Online Creations’ Series A
Myanmar Online Creations has announced that local venture capital firm BOD Tech joined its six-digit Series A round which it closed earlier this month.
Deal Street Asia

China Falls, Myanmar Climbs in Anti-Trafficking Rankings: Report
The U.S. State Department downgraded China to a Tier 3 ranking in its annual report on human trafficking Tuesday, citing the government’s continued role in forced labor, particularly in hosting workers sent by North Korea to earn foreign currency for the Kim Jong Un regime.
Radio Free Asia

Myanmar plans to modernize police force
Myanmar has planned to equip the country’s police force with modern weapons and firearms for use in suppressing riots, said Deputy Minister of Home Affairs Major General Aung Soe, Myanmar News Agency reported Tuesday.
Global Times

Our leaders should ask for more financial support: Dr Thaung Han
Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions.
The Myanmar Times

 

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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