Myanmar Morning News For February 5

Myanmar Morning News For February 5

Myanmar morning newsTourist arrivals jumped by 18 per cent last year
Last year, the tourism sector saw an 18-per-cent increase in tourist arrivals compared with the same period in 2016, said Myo Win Nyunt, director of the Department of Hotels and Tourism.The country saw 3.44 million tourist arrivals last year, a bit below the predicted 3.5 million.
Eleven Myanmar

Actual FDI hits $3.7 billion this FY, says MIC
The actual inflow of foreign direct investments amounted to US$3.7 billion during this fiscal year even though Myanmar Investment Commission has granted US$5 billion.The MIC releases the FDI lists every month and has issued the actual inflow of FDI twice during 2017-2018 fiscal year.
Eleven Myanmar

Singapore makes largest investments in real estate sector
Singapore made an investment of US$1.72 billion in 31 projects, as of the end of December, in the current fiscal year (FY), followed by China, with estimated investments worth more than $1.29 billion in 50 enterprises State media reported.
Mizzima

Famous US company launches capacity-building training in Myanmar
Training based on self-improvement techniques developed by an American whose global best-seller was translated by former Prime Minister U Nu has celebrated its launch in Myanmar.Dale Carnegie Training, which was founded in 1912 and operates in 80 countries, launched at a Yangon hotel on Friday, it said in a news release.
Frontier Myanmar

Hoarding drives pea prices up
Prices of pigeon peas have risen thanks to hoarders, according to merchants. Indian buyers have also been purchasing peas at the Pakokku wholesale market in Magway Region.Prices per bushel of the old harvest of pigeon peas rose from Ks11,500 to Ks12,500 and the new harvest from Ks9,000 to Ks10,500.
Eleven Myanmar

Experts divided over ramifications of Belt and Road courts on Myanmar
CRITICS questioned Beijing’s decision to set up three commercial courts in China to resolve Belt and Road-related project disputes, arguing that legal disagreements involving transnational investors should be settled in host states or third-party territories.
Myanmar Times

Regional economy supported by India’s accelerated growth: PwC
Myanmar is set to represent one of the fast growing economies this year but it will be affected by India’s growth acceleration as well as the stability of the Chinese economy, according to PwC Growth Markets Centre.
Myanmar Times

Index Creative Village to go digital in Myanmar expansion
Kreingkrai Kanjanapokin, founder and group CEO of Index, said in an exclusive interview that the firm would focus on its new lines of business – digital marketing and communications, in Myanmar this year. “Now everything is online, and you can get connected all the time. You cannot survive if you cannot create new things,” he said.
Eleven Myanmar

KNU demands negotiations over planned highway linking Thai border, Dawei SEZ
The Karen National Union has demanded negotiations with the Union government over plans to resume building a two-lane highway between the Thai border and the Dawei Special Economic Zone in Tanintharyi Region.
— Frontier Myanmar

TMH Telecom down 7.7pc on first week of listing
Shares of TMH Telecom Public Co. fell 7.7 percent in its first week of trading. The shares, which first traded on the Yangon Stock Exchange (YSX) on January 26 at K3,250 each, close Thursday at K3,100. More than 23,000 shares have exchanged hands so far this week.
Myanmar Times

Police catch suspect in Suu Kyi house bombing
Yangon police have caught the man suspected of throwing a Molotov cocktail at the home of State Counsellor Aung San Suu Kyi, Bahan Township lawmaker Thaung Htut told reporters today.
Coconuts Yangon

Yangon chief minister underscores systematic management of industrial zones
Yangon Region Chief Minister Phyo Min Thein has stressed the need to systematically manage the industrial zones where warehouses and vacant land plots are subject to market speculation as an industrial supervision committee has been formed with regional ministers.
Eleven Myanmar

Bangladeshi loses legs as mine explodes on Myanmar border
A Bangladeshi farmer lost both legs when he stepped on a landmine reportedly planted by Myanmar security forces in a buffer zone between the two countries, officials said today.
Business Standard

Diplomacy to resolve Rohingya crisis is on: B’desh
The Bangladesh government have been holding multilateral talks to have a permanent solution to the Rohingya crisis, said
Foreign Minister AH Mahmood Ali. The minister told the parliament on Sunday that the issue was taken up in the United Nations Security Council several times in line with diplomatic efforts of the government.
Business Standard

 

Feature photo Jaume Escofet

 

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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