Myanmar Morning News For March 22

Myanmar Morning News For March 22

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.

 

Myanmar morning news

FibreLink Myanmar in talks to raise $25m equity for mega telecom infra project
FibreLink Myanmar – which has received the approval from the Myanmar Investment Commission to set up telecom infrastructure in the country – is in talks to raise $25 million equity as part of its $860-million investment plan.
— Deal Street Asia

April 1 deadline set to register SIM cards
SIM cards which aren’t registered by April 1 will be temporarily cut off, but three more months will be allowed for registration. However, if the subscriber fails to register during the extended period, the number will be cut permanently, according to the Department of Telecommunication.
— Eleven

Russian-made Yak-130 trainer/strike aircraftRussia Supplies to Myanmar First Three Yak-130 Combat Trainers
Russia has completed the delivery of the first batch of Yak-130 combat trainer aircraft to Myanmar, the contract will be fully executed in 2017, Mikhail Petukhov, deputy director of Russia’s Federal Service for Military-Technical Cooperation (FSMTC), told Sputnik.
— Sputnik International

Myanmar confident in hitting USD 6 billion in FDI for FY2016-2017
Government financial chiefs, including the director general of the Myanmar Investment Commission (MIC) and secretary of the Directorate of Investment and Company Administration (DICA) Aung Naing Oo, have told foreign businesses that now is the time to invest in the country.
— Consult-Myanmar

U.S. Navy makes first port of call to Myanmar since World War II
A U.S. Navy vessel has made the first official port of call to Myanmar, formerly Burma, in seven decades, U.S. officials said Tuesday.
— Washington Times

Commerce Ministry to organize Thailand-Myanmar Trade Expo 2017
The Ministry of Commerce along with foreign border trade and investment agencies will be organizing the Thailand-Myanmar Trade Expo 2017 during 23-29 March. The expo will be held in Mae Sot district, Tak province, and aims to promote trade and investment between Thailand and Myanmar.
— NNT

Taxi-hailing app Grab reveals Myanmar expansion plans. Uber set to follow
Singapore based ride-hailing platform Grab has launched a beta trial of GrabTaxi service in Yangon beginning March 21, the company announced, marking its first expansion to a new market in nearly three years.
— Deal Street Asia

Myanmar Now chief editor faces court complaint for insulting religion
A man has lodged a complaint to Kyauktada Township court in Yangon to sue Swe Win, chief editor of Myanmar Now news agency, for insulting religion.
— Eleven

Safe employment project for women launched
A project focusing on creating safe working environment and job opportunities for female migrant workers, as well as protecting women workers, has been launched in Yangon.
— Myanmar Times

IRD imposes commercial tax for gold
The Internal Revenue Department (IRD) will impose a commercial tax rate of 1 percent and 5pc respectively for gold jewellery and refined gold, it was announced at a meeting with gold entrepreneurs in Nay Pyi Taw on March 15.
— Myanmar Times

Rice export behind target, to focus on quality
The rise of the US dollar value in currency exchange markets is leading to an increase in rice export volumes when compared to the previous financial year, said U Ye Min Aung, managing director of Myanmar Agribusiness Public Corporation (MAPCO) and the general secretary of the Myanmar Rice Federation (MRF).
— Myanmar Times

German bank to loan 23 million euro to power hundreds of villages in Shan State
Germany is giving Myanmar a Euro 23 million loan to supply electricity to 416 villages in southern Shan State, a Electricity and Energy Ministry official said.
— Myanmar Times

Restoration of U Bein Bridge underway
The 170-year-old U Bein Bridge in Mandalay’s Amarapura township is being reinforced and restored at a cost of K4 million in time for the annual Thingyan (Water Festival) next month when thousands of visitors are expected to converge at the site to join the festivities, said U Soe Win, secretary of the bridge preservation committee.
— Myanmar Times

Government Subsidy of Electricity Bill Hindrance to Development of Sector
Ministers and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector.
— Consult-Myanmar

Posco Daewoo assigned for deep sea gas exploration in Bay of Bengal
State-owned Petrobangla on Tuesday entered into the final deal with Posco Daewoo International Corporation to award it the deep sea (DS) gas block -12 in the Bay of Bengal for hydrocarbon exploration.
— Consult-Myanmar

Public Transport Card Payment System to Begin Next Month
A universal card payment system covering fare pay­ments on Yangon’s pub­lic transport system will be rolled out from April, the Yangon Region Chief Minister told a briefing of journalists late last month.
— Consult-Myanmar

Senior General Min Aung Hlaing receives Chinese ambassador to Myanmar
Senior General Min Aung Hlaing, Commander-in-Chief of Defence Services, received Mr Hong Liang, Chinese Ambassador to Myanmar, at Zeyar Thiri Beikman in Nay Pyi Taw yesterday morning.
— Global New Light Of Myanmar

Illegally cut lumber, vehicles seized in Mabein Township
While launching aarea-clearance operation, government troops seized 944.8 tonnes of illegally cut timber, 13 different kinds of vehicles used in the lumber and forestry industry and other related equipment near the village of Tonekwa in Mabein township, in Northern Shan State, it is learnt.
— Global New Light Of Myanmar

Landslide in Chin State causes temporary suspension of border trade
Trading at Tiddim in Chin State, on the India- Myanmar trade route, has been temporarily suspended due to a landslide in Kennedy mountain.
— Eleven

FDA penalizes 75 pharmacies over illegal medicine
A total of 75 pharmaceutical businesses have been penalized for selling unlicensed and expired medicines this year, according to the Department of Food and Drug Administration (FDA).
— Eleven

Affordable electricity benefits industrialists while rural dwellers pay high prices: Deputy minister
Business owners have enjoyed profits from affordable electricity while rural residents have to rely on expensive private power supplies, said Dr Htun Naing, deputy minister for electricity and energy, who has called for funding for another generator.
— Eleven

Myanmar-China oil pipeline nears start-up
Nearly a decade in the making, a project to pump oil 770km across Myanmar to South-West China is set for imminent start-up, with a supertanker nearing the port of Kyauk Phyu, marking the opening of a new oil trading route.
— The Star Online

Woman sues son in Myanmar over Facebook comment
A woman in Myanmar is suing her own son for calling her a “prostitute” on Facebook, the latest case under a controversial law that critics say is increasingly stifling free speech.
— RTE

Myanmar to work more with Israel on agri development
In striving to develop the agricultural sector, Myanmar is looking to adopt Israel’s advanced farming technology and has started discussions on cooperation between the two countries as well as on setting up agricultural research and model fields in Myanmar.
— Myanmar Times

Plastic masks banned this Thingyan: Mandalay officials
Contributing to the latest round of weird news out of Myanmar, Mandalay officials have announced that masks will be banned during the upcoming Thingyan holiday.
— Coconuts Yangon

China-backed Dam Project May Threaten Myanmar Wildlife Sanctuary
Environmental activists say plans for a large dam threaten wildlife sanctuaries in Myanmar’s northern Karen state.
— Voice of America

Exclusive: China’s AgBank Suspends Account Being Used to Crowdfund Myanmar Rebels
One of China’s biggest state-owned lenders has suspended an account used to fund ethnic rebels fighting government troops in Myanmar, halting an arrangement that could have stoked diplomatic tensions between Beijing and Myanmar.
— U.S. News & World Report

 

 

 

Feature photo: Alex Schwab

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Stella-maris Ewudolu

Stella-maris Ewudolu

Journalist at AEC News Today
Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005. Between November 2004 and February 2011 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. Since 2010 she has worked as a freelance screen writer for 'Nollywood', Nigeria.
Stella-maris Ewudolu

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