Myanmar Morning News For October 5

Myanmar Morning News For October 5

Myanmar morning newsLocal investments in property sector the highest
Total investments by Myanmar citizens in 11 business sectors until September exceeded Ks14,659 billion, with the property sector topping the list.
— Eleven Myanmar

Budget deficit for 2017-18 rises to K4 trillion
The budget deficit for the 2017-18 fiscal year is expected to be around K4 trillion, President U Htin Kyaw said at the Finance Commission meeting held in Nay Pyi Taw on October 2.
— Myanmar Times

World Bank maintains optimism over Myanmar economy despite risks
Despite the slowdown in the inflow of foreign direct investment and ongoing conflicts in Rakhine state, Myanmar’s economy is expected to recover this year, with the growth rate rising from 5.9 per cent in 2016 to 6.4 per cent, according to a recent edition of the World Bank’s Myanmar Economic Monitor.
— The Nation

CBM licensing procedures in the spotlight in Yangon
The Central Bank of Myanmar (CBM) should allow financial organisations including fintech companies to operate only after confirming that their business models are credible and licensed, said MP Daw Sandar Min from Seikgyi Khanaungto township during a Yangon Region Parliament session on October 3.
— Myanmar Times

Aid groups seek US$434 million to help up to 1.2 million Rohingya Muslims fleeing Myanmar
Humanitarian organisations helping Rohingya Muslim refugees in Bangladesh said on Wednesday they need US$434 million over the next six months to help up to 1.2 million people, many of them children, who need life-saving help.
— Channel NewsAsia

Geopolitics will decide fate of the Rohingya
The scale and nature of the violence unleashed by the Myanmar authorities against the Rohingya has prompted a top United Nations official to describe the operation as a “textbook example of ethnic cleansing”.
— Asia Times

Let the Rohingya return to Burma — immediately
IN LITTLE more than a month, a half-million Rohingya Muslims in Burma’s Rakhine state have been forced into a terrified exodus to Bangladesh.
— Washington Post

A Family Of Entrepreneurs Has Built KBZ Into a Finance Powerhouse In Myanmar
When a husband-and-wife team took over KBZ Bank in remote northern Myanmar in 1996, it had all the trappings of a mom-and-pop operation.
— Forbes

Myanmar publishes first socio-economic report for investors
The Directorate of Investment and Company Administration (DICA) in partnership with the German Corporation for International Cooperation (GIZ) have published a detailed report entitled The Socio-Economic Atlas of Myanmar.
— Myanmar Times

Taiwanese firm to set up feed mills, poultry plants in Myanmar
AN agri-food giant in Taiwan is to invest in mills and poultry plants in Myanmar as part of the company’s corporate strategy to cement its expansion in ASEAN.
— Myanmar Times

Myanmar workers fight defamation charges in Thai chicken farm case
A group of migrant workers from Myanmar will fight a landmark case in Thailand after they were charged in court on Wednesday with criminal defamation for accusing a chicken farm that supplies the European Union of mistreatment and labour abuses.
— Times of India

Myanmar beauty queen dethroned over Rohingya remarks
A beauty queen in Myanmar released a statement on Tuesday (Oct 3) saying she had been stripped of her crown after remarks she made about the ongoing Rohingya crisis.
— Channel NewsAsia

Rohingya forced from Myanmar say army redoubling push to clear villages
Rohingya refugees arriving in Bangladesh amid a fresh exodus from strife-torn Myanmar have described whole villages being emptied and thousands marching to the border as security forces redouble efforts to drive the remaining Muslims from their homes.
— The Nation

 

Feature photo dany13
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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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