Myanmar Morning News For November 23

Myanmar Morning News For November 23

Myanmar morning newsMyanmar: US says situation in Rakhine State ‘constitutes ethnic cleansing’ against Rohingya
The United States has labelled the Myanmar military operation against the Rohingya population “ethnic cleansing”, and threatened targeted sanctions against those responsible for what it described as “horrendous atrocities”.
— ABC News

Ethnic cleansing in Myanmar threatens Chinese investments. Beijing is taking action
The world’s second-largest economy raised its hand this week to help halt the ongoing ethnic cleansing in Myanmar. But it’s not just altruism: China has an eye on ensuring stability for its hefty investments in the region.

Million arrivals from Myanmar pose increasing humanitarian challenge
Crowded into sprawling camps of polythene sheeting, around a million people who have sought safety in Bangladesh amid violence in Myanmar’s Rakhine state are now facing a future of uncertainty and need.
— Relief Web

State Counsellor hopes to sign MOU with Bangladesh
State Counsellor Aung San Suu Kyi said on Tuesday that she hopes to talk to the with Bangladesh Foreign Minister about accepting the people fleeing Rakhine State during violence will be held on November 22 and 23
— Eleven Myanmar

Aung San Suu Kyi: What we know about ‘the Lady’
Myanmar’s de facto leader Aung San Suu Kyi was awarded the Nobel Peace Prize in 1991 in part for “striving” to attain “ethnic conciliation by peaceful means”.
— Aljazeera (video)

Pope to Meet Head of Myanmar Army, Rohingya Refugees: Vatican
Pope Francis will meet the head of Myanmar’s army and Rohingya refugees in Bangladesh, both late additions to a tour of the two countries next week.
— US News/Reuters

Exclusive: Tussle over Myanmar bank reform puts spotlight on debt pile
Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system.
— Reuters

Government seeks nod for regional road plan
The Union government is seeking Pyidaungsu Hluttaw’s approval to sign the ASEAN Framework Agreement for the Facilitation of Cross-Border Transport of Passengers by Road Vehicles.
— Myanmar Times

Myanmar tackles food safety in bid to boost agricultural exports
MYANMAR plans to improve food safety in a bid to boost agricultural exports and extract more value from a sector that accounts for 38 per cent of the country’s gross domestic product.
— The Nation

Cambodia, Myanmar sign MoU to promote Angkor, Bagan
Cambodia and Myanmar have signed a memorandum of understanding to promote two of the greatest Buddhist sites in Southeast Asia as tourist destinations, the Khmer Times reported.
— Frontier Myanmar

Hong Kong to recruit Myanmar maids to avoid labor shortage
Hong Kong is making plans to ramp up its recruitment of domestic workers from Myanmar as the Special Administrative Region prepares for a potential shortage of laborers from other Southeast Asian countries.
— Coconuts Yangon

Jotun opens factory in Myanmar
Jotun, a privately-owned Norwegian paint maker, has opened a K14 billion factory in Bago Region. Located in the Bago Foreign Industrial Zone, the 4-hectare plant will provide paint manufacturing jobs for more than 60 employees.
— Mynmar Times

New Military Exercise Highlights India-Myanmar Defense Relations
This week, India and Myanmar kicked off a new military exercise between them that focuses on peacekeeping operations. The drills once again placed the spotlight on a budding defense relationship between the two neighboring states as part of their broader foreign policy objectives.
— The Diplomat

New exhibition forecasts Myanmar’s mid-century hope
Painter Kay Moe Ko predicts a twisted mass of high rises and flyovers. Kyi Hlaing Aung sees ocean levels as high as Yangon’s power lines. For artist Htan Kyaw Htay, the future looks like a grid of boxes, each containing a silhouette of migrants walking with their burdens.
— Frontier Myanmar

CHDB plans to increase loan period for low-cost houses
The Construction and Housing Development Bank (CHDB) is planning to increase the loan period for low-cost and affordable housings from 15 to 20 years, said its managing director Myint Myint Mu.
— Eleven Myanmar

IMF urges to initiate second wave of reforms
DESPITE GREATER downside risks including religious strife in Rakhine State and a hike in commodity prices, it is a perfect time for Myanmar to start its second wave of reforms, according to the International Monetary Fund.
— Eleven Myanmar


Feature photo Asian Development Bank
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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