Myanmar Morning News For May 24

Myanmar Morning News For May 24

Myanmar morning news

Ye Township Offshore Supply Base construction temporarily suspended
Construction on an offshore supply base meant to support the growing oil and natural gas industry in Myanmar (Burma) has been suspended, following protests from residents. The base was being built near Yawthit Village in Mon State’s Ye Township, according to U Thiha Soe, supervisor of the Ramanya United Company.
– Burma News International

Pyithu Hluttaw nod for increased land, water, embankment tax
A proposal urging the Union government to increase land, water and embankment taxes on farmers to be compatible with the times has been approved by the Pyithu Hluttaw on May 22.
– The Myanmar Times

Myanmar turns to coffee as crops threatened by climate change
WITH climate change affecting crop production, Myanmar is taking steps to boost the coffee industry by holding events such as the Coffee Forum in Nay Pyi Taw yesterday.
– Global New Light Of Myanmar

Insurance in Myanmar: Spreading the Risk
Even though insurance has been around for more than 150 years in Myanmar, it has all the makings of a new phenomenon. Before independence in 1948, there were between 80 and 100 insurance firms in operation
– The Irrawaddy

State Buddhist Authority Bans Nationalist Organization’s Name, Signboards
The state Buddhist Sangha authority, Ma Ha Na, imposed further restrictions on Burma’s biggest religious nationalist group, the Association for Protection of Race and Religion, better known as Ma Ba Tha, banning the organization from operating under its current name and ordering that their signboards be taken down across the country by July.
– The Irrawaddy

China and Myanmar to set up Border Economic Cooperation Zone
A JOINT-COMMITTEE for the establishment of China-Myanmar Border Economic Cooperation Zone would be formed within the year in a bid to boost border trade between the two countries, according to the Ministry of Commerce.
– The Myanmar Times

Joint-venture granted licence to trade machine oil
MYANMAR Investment Commission (MIC) has granted a licence to Puma Energy Asia Sun (PEAS), said U San Myint, deputy director general from the Directorate of Investment and Company Administration (DICA). The licence allows the firm to conduct domestic retail and wholesale business for machine oil.
– The Myanmar Times

Min Residences to start construction in September
Singapore-listed Oxley Holdings Limited and local firm Mottama Development Group of Companies will be building a high-end multi-purpose complex, Min Residences, which will feature over 600 units at Mayangone township, said Ching Chiat Kwong, chair and CEO of Oxley Holdings Limited.
– The Myanmar Times

JobNet.com.mm secures another series-A, seven digit funds to accelerate growth
JobNet.com.mm has secured a major Series-A funding deal. The size of the seven-digit investment is undisclosed, however the investment was led by institutional global investors who have strong experience in developing successful online classifieds businesses worldwide, according to a press release. –
– Mizzima

Tailor Shop Family Accused of Abuse and Enslavement to be Formally Charged
On Thursday a court will decide on the charges with which to prosecute six family members for torturing and enslaving two children in a downtown Rangoon tailoring shop for five years.
– The Irrawaddy

Children dying in Myanmar because of malnutrition: UN
The United Nations children’s agency UNICEF has revealed that as many as 150 children under five are dying each day in Myanmar, while 30 per cent suffer from moderate or severe malnutrition.
– The Age

Hidden dangers
Nine of Myanmar’s 14 States and Regions are contaminated with landmines and explosive remnants of war both from ongoing and past conflicts. The country has some of the highest mine accident rates in the world.
– UNICEF

 

Feature photo Eddy Milfort
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