Myanmar’s Investment Outlook for 2018
Myanmar is among the fastest growing economies in Southeast Asia with significant market potential for the growth and expansion of foreign companies. Some of the strategic advantages that the economy offers include its large youthful population and workforce, its low-cost base, natural resources, and its strategic location between two of the largest economies in the world – India, and China.
— Asean Briefing
US Asks UN to Appoint Special Envoy for Myanmar
US Ambassador to the United Nations Nikki Haley called on the UN secretary-general on Tuesday to appoint a special envoy to investigate what she called the Myanmar military’s “cruel and barbaric” actions in Rakhine State.
— The Irrawaddy
Myanmar’s cellcos reach a combined 50m subs
Myanmar’s mobile operators – MPT, Ooredoo Myanmar and Telenor Myanmar – have announced they have reached a collective 50 million subscribers.
— Telecom Asia
Myanmar policeman who detained Reuters pair ‘did not know arrest procedures’
A police officer who said he was part of the team that detained two Reuters reporters in Myanmar in December told a court on Wednesday that he was not familiar with police procedures for recording arrests.
Myanmar plans to loan nearly 15 billion yen from JICA for SME development
Myanmar will loan 14.949 billion yen from Japan International Cooperation Agency for the small and medium enterprise development project (phase 2), and each entrepreneur can loan up to K50 million, said Deputy Minister for Planning and Finance Maung Maung Win.
— Eleven Myanmar
Myanmar Received $5 Bn in Foreign Investment in Current Fiscal Year
Myanmar has received more than US$5.1 billion in foreign investment in the current 2017-18 fiscal year from April to the first week of February, according to the Directorate of Investment and Company Administration (DICA).
— The Irrawaddy
China finds opportunity in Myanmar crisis
The Rohingya refugee crisis emanating from Myanmar’s western Rakhine state has presented an acute challenge to State Counsellor Aung San Suu Kyi’s elected government. It has also provided a unique opportunity for China to regain lost momentum in the strategically important neighboring nation.
— Asia Times
Myanmar’s fourth operator completes first call
Myanmar’s fourth and newest mobile operator MyTel has completed its first ceremonial call after securing approvals last month.
— Telecom Asia
1 killed, 5 injured in cargo ship explosion in Myanmar’s Yangon
One worker has been killed with five others injured in a cargo ship explosion in Hlaing Thaya township in Myanmar’s Yangon on Monday, according to the release from the Yangon Police Force on Tuesday.
Providing social justice education for youth in Myanmar
The School for Shan State Nationalities Youth (SSSNY) was formed in 2001 with a vision to empower young people to take an active role in social change in Myanmar. The school offers social justice education and community leadership training.
— Relief Web
Myanmar 4G newcomers ready to roll
Myanmar’s fourth mobile operator, MyTel, signalled its readiness to launch commercial service by completing a ceremonial first call between government officials in capital city Nay Pyi Taw and Vietnam, The Irrawaddy reported.
— Mobile World Live
Slight earthquake hits Myanmar’s southern central region
A 4.9-magnitude earthquake hit Pyay in Myanmar’s Bago region on Wednesday, according to a release of the Meteorology and Hydrology Department.
— Xinhua Net
Myanmar Looks to Boost Farmed Shrimp Production
Myanmar has potentially 120,000 hectares that could be suitable for shrimp farming, if the right types of assistance in developing infrastructure were put in place.
— Sea Food News
Property Expo targeting middle-class buyers happening in March
In a bid to boost the ailing Myanmar property sector, real estate agency Shwe Property will hold the country’s largest property exhibition in March.
— Myanmar Times
Malteser International: Myanmar refugees will remain in Bangladesh for years to come
Malteser International believes that Rohingya refugees in Bangladesh may remain in the country for many years to come. “They have faced serious human rights violations.
— Relief Web
Inn Din massacre report puts Myanmar at a crossroads
The military’s admission of involvement in the Inn Din massacre was made to pre-empt the release of the Reuters report, and after its own investigation had claimed that no such killings took place.
— Frontier Myanmar
Feature photo Yoshitaka Ando
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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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