Welcome to the Myanmar morning news roundup by AEC News Today, your one stop for Myanmar news on matters of governance and policies affecting Asean business communities.
Ethnic Militias Decide Not to Sign Myanmar Government’s Cease-fire Agreement
A group of ethnic militias decided on Friday not to sign the Myanmar government’s nationwide peace pact on the last day of their three-day summit at the headquarters of the country’s strongest ethnic rebel force, but instead formed a committee to discuss a “new path to peace,” a military official from the conference said.
— Radio Free Asia
SEZ to import Japanese agriculture machineries
Agricultural machinery manufacturer Yanmar Myanmar Co Ltd in Thilawa Special Economic Zone (SEZ) will not establish production lines in Myanmar but will import and distribute those machineries, Takesi Terada, the firm’s managing director, told the Myanmar Times.
— Myanmar Times
Law needed to regulate Thai investors’ abuses abroad: Thai, Myanmar groups
COMMUNITY groups in Thailand and Myanmar have urged protection of human rights and prevention of environmental impacts – after Thai entrepreneurs were reported to have carried out abusive and environmentally damaging acts in neighbouring countries.
— The Nation
Singapore’s Yoma and METRO join hands for wholesale distribution in Myanmar
Singapore listed Yoma Strategic Holdings Ltd has partnered with Germany’s METRO GROUP, the international wholesale and food retail company is to establish an integrated wholesale distribution platform in Myanmar, the company announced on February 24.
— Deal Street Asia
Myanmar regional gov’t orders striking workers to move out from occupied Chinese garment factory
Myanmar’s Yangon regional government said on Saturday that it had ordered the striking workers to move out from the Chinese-invested garment factory they occupied.
Crackdown launched on Chinese eggs
The Customs Department says it will take action against those who import illegal eggs from China.
Far Right-Wingers Burn Down Rohingya Refugee Huts in India’s Jammu
Members of a far right-wing Hindu political party burned down at least five Rohingya Refugee camps in Jammu state of India in two separate incidents respectively on Sunday and Monday, it has been reported.
— Rohingya Vision
Suu Kyi to meet non-signatories on March 3
A meeting between State Counsellor Aung San Suu Kyi and United Nationalities Federal Council (UNFC) will be held on March 3 in Yangon, said Zaw Htay, spokesperson for the President’s Office.
Myanmar should regulate labor unions to help attract more Chinese investment
Over the weekend, some Chinese netizens vented their anger over an incident in Myanmar, in which hundreds of local strikers attacked a Chinese garment factory and briefly detained seven Chinese employees. The Myanmar government needs to restrict the power of local labor unions according to relevant laws to better protect foreign investors’ legitimate rights.
— Global Times
80% of Rakhine gas goes to China
A report called “Myanmar’s natural resources ownership, management, income sharing and impact” carried out by the Ethnic Nationalities Affairs Centre says the Shwe natural gas project off the Rakhine coast has a daily natural gas production capacity of 500 million cubic feet and 80 per cent of it will be exported to China for 30 years.
Myanmar’s Peace Process: Troubleshooting the Deadlock
Myanmar’s Peace Process has been regrettably stunted by what looks to be the longest deadlock since its official launching in August 2011, by then-president U Thein Sein.
— Irrawaddy News
Tax changes could weaken growth, MPs told
Annual changes to taxation rates may slow economic growth, Dr Myat Nyana Soe, secretary of the Parliamentary Joint Bill Committee, told media.
Phone remittances in the pipeline
The Central Bank of Myanmar is planning to grant foreign remittance licences, according to its vice-governor Set Aung.
Govt neglects land disputes at its peril
Land disputes remain one of the many problems still to be cracked in Myanmar. Many farmers end up in court and jail after their land is seized. This week about 350 farmers from Pyin Oo Lwin, Patheingyi, Mattara, Sintgu, Thabeikgyin, Myithar, Nganzun and Sintgyaing townships in Mandalay Region faced legal action over land disputes. Residents demonstrated on February 24 in Mandalay, demanding the government take immediate action on land disputes and drop cases against the farmers. They called for the return of seized land or proper compensation.
Yangon plans deep port
Yangon Region’s government is making surveys to build a deep seaport, chief minister Phyo Min Thein announced on February 25.
Myanmar Dealbook: Australia based TYTC’s $16.29m project; Japan’s Yanmar and Mitsui &Co JV
TYTC Services from Australia is ready to establish a waste collection system in Yangon while Japan’s Yanmar and Mitsui & Co JV will provide agricultural solutions in Myanmar.
— Deal Street Asia
Government to clamp down on sale of fake cooking oils
The government will take legal action against those found to be selling fake cooking oils from March, said U Kyaw Win, Union Minister for Planning and Finance.
— Myanmar Times
Belt and Road sparks investor interest: HKTDC
The Hong Kong Trade Development Council (HKTDC) led a delegation to visit Myanmar to meet with businesses, investors and government departments earlier this week.
— Myanmar Times
Feature photo: John Le Fevre
The Myanmar morning news roundup is published M-F by AEC News Today: Governance, not government; policies not politics.