Myanmar Morning News For May 4

Over 168,000 Rohingya likely fled Myanmar since 2012 – UNHCR report
Study finds thousands of Rohingya fleeing violence and desperation have sought safety and stability in countries like Bangladesh and Malaysia in the last five years.
— UNHCR

Myanmar Dodges Human Rights Abuses against the Rohingya Minority, with US-EU Help
Myanmar appears poised to escape international scrutiny of its vast and expanding human rights abuses targeting its Rohingya minority.
— Center for Research on Globalization

Islamophobia redux in Myanmar
The April 28 forced closure of two madrassas in downtown Yangon by a mob of ultra-nationalist protestors backed by Buddhist monks was the latest indication that anti-Muslim vehemence is still a virulent undercurrent of instability in Myanmar’s unconsolidated democratic transition.
— Asia Times

US agency OPIC to inject $5m debt facility in Myanmar MFI DAWN
US government agency Overseas Private Investment Corporation (OPIC) is making a debt capital investment of $5 million in Early Dawn Microfinance Company Ltd (DAWN), a Yangon based deposit-taking micro-lender.
— Deal Street Asia

Submarine cable link between Bangladesh, Myanmar on cards
Bangladesh Submarine Cable Company Ltd (BSCCL) and Singapore based Blueberry Telecom Pvt Ltd are going to establish a separate regional submarine cable link to connect Bangladesh with Myanmar.
— The Daily Star

CIMB Research retains Reduce call on Daibochi
CIMB Equities Research is maintaining its Reduce call on Daibochi Plastic &Packaging pending further financial details on the Myanmar joint venture at the company’s 1Q17 results briefing this Friday.
— The Star Online

Myanmar press freedom ranking jumps
Myanmar press freedom has hit an all time high, ranking No. 3 in ASEAN just behind Indonesia and the Philippines, according to the latest survey by Paris-based Reporters Sans Frontieres (RSF).
— Myanmar Times

World Press Freedom Day event held in Yangon
The third of May is World Press Freedom Day, as declared by the United Nations General Assembly in 1993 and supported by the UNESCO General Assembly. An event has been held in Myanmar every year since 2012, and yesterday it was held at the Chatrium Hotel.
— Global New Light Of Myanmar

Confounding Expectations, Media Access More Difficult Under Myanmar’s Civilian Government
Media access to officials and information in Myanmar has become more difficult under the year-old civilian government of de facto national leader Aung San Suu Kyi, despite indications the situation would get better, the chairman of a press organization said Tuesday.
— Radio Free Asia

China’s Silk Road Push in Thailand may Founder on Mekong River Row
China’s plan to blast open more of the Mekong River for bigger cargo ships could founder on a remote outcrop of half-submerged rocks that Thai protesters have vowed to protect against Beijing’s economic expansion in Southeast Asia.
— The Irrawaddy

Aung San Suu Kyi rejects UN Myanmar probe during Brussels visit
State Counsellor Daw Aung San Suu Kyi on Tuesday rejected a decision by the UN’s rights council to investigate allegations of crimes by Myanmar’s security forces against the Rohingya community in Rakhine State.
— Frontier Myanmar

21 investments get MIC permit
The Myanmar Investment Commission (MIC) says it has granted nine citizens’ investments, including the Nampaw Hydropower Project and 12 foreign schemes.
— Eleven

Police to crackdown on illegal gaming shops
At that meeting, U Than Naing Oo, Hluttaw Representative from Pabedan Constituency 1, asked whether there was a plan to classify which type of gambling machines are illegal at the gaming shops in Yangon Region and whether any action will be taken against offenders.
— Consult-Myanmar

Bank interest rate causes customers to pay double apartment cost
The current interest rate cause buyers to pay double the cost of an apartment despite use of an installment plan, said Khin Maung Than, chairman of Myanmar Real Estate Association.
— Eleven

Govt can’t be held hostage to unjust contracts
Where possible, contracts that have robbed the state of much-needed revenue should be renegotiated to reflect market rates.
— Frontier Myanmar

Myanmar police hunt scavengers who found huge jade boulder
Police are hunting five gem scavengers who discovered a huge jade boulder at a mine in northern Myanmar after a senior regulatory official accused them of leading an attempt to steal it.
— The Star Online

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Myanmar Morning News For May 4 added by Stella-maris Ewudolu on May 4, 2017
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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 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.