Myanmar Morning News For September 7

Myanmar Morning News For September 7

Myanmar morning news

Suu Kyi’s fading allure repels foreign investors
Soe Lin Htat sold his wife’s jewelry and a condominium to keep his media and marketing business afloat before Myanmar started to open to foreign investment.
— Asia Times

90,000 unsellable rice bags stranded in Lweje
Due to seizures by Chinese authorities, there are over 90,000 unsellable rice bags owned by Myanmar traders in Lweje, Kachin State, according to rice traders based in Mandalay.
— Eleven Myanmar

Mandalay Brewery’s JV with Kirin approved as market heats up
THE Myanmar Investment Commission (MIC) has approved a proposal by Mandalay Brewery, which is a subsidiary of Myanma Economic Holding Limited (MEHL), to operate a joint venture (JV) with Japanese brewer Kirin Holdings.
— Myanmar Times

S’pore firm brings Bangkok condos to Myanmar
SQFT Global Properties, a real estate agency headquartered in Singapore, will organise sales events in two Myanmar cities – Yangon and Mandalay – for two properties lying in the heart of Bangkok.
— The Nation

Pulse and bean sector moves on after India restricts imports
Myanmar has issued a blueprint to help its pulse and bean sector recover from a pullback in demand from India.
— Myanmar Times

Myanmar’s Yoma links up with Proximity to boost farm loans
YOMA Bank, Myanmar’s fourth-largest bank by assets with more than 3,000 employees and 72 branches across the nation, has signed a funding agreement with Proximity Designs for 7.3 billion kyats (Bt178.5 million), said a bank executive.
— The Nation

Machetes vs machine guns: Rohingya militants outgunned in Myanmar
Farmhand-turned-fighter Ala Uddin abandoned the Rohingya militants battling Myanmar’s army once he realised they were armed with little more than clubs and machetes – a mismatch that has nonetheless drawn scores to the nascent cause.
— Channel NewsAsia/ AFP

NHAI awards first international project in Myanmar to Punj Lloyd-Varaha
The National Highway Authority of India has awarded its first international project in Myanmar to a joint venture of Punj Lloyd-Varaha.
— Hindu Business Line

Rohingya conflict dims Myanmar’s business picture
The military’s crackdown on minority Muslims is throwing a damper on investment.
— Nikkei Asian Review

At a controversial cement plant project, waiting for the dust to settle
The proposed expansion of a Shwe Taung cement plant in Tharzi has run up against opposition, but supporters of the International Finance Corporation-backed project argue it will raise standards in the sector.
— Frontier Myanmar

Vulpes Investment backs Myanmar search tech firm Bindez
Singapore-based Vulpes Investment Management Pte Ltd (VIMIC) has announced an investment in Bindez, a Yangon-based search engine and discovery platform, backed by 500 Startups, according to a company release.
— DEALSTREETASIA

Rental market in South Okkalapa Township booming
The quiet township of South Okkalapa is currently experiencing an increase in tenants and the rental market is starting to look interesting, said real estate agents.
— Myanmar Times

 

Feature photo Eddy Milfort
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

Sreypov Men

Journalism intern at AEC News Today
Sreypov Men is currently a senior student at Institute of Foreign Languages where she is majoring in International Relations.
Sreypov Men

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