Myanmar Morning News For February 6

Myanmar Morning News For February 6

Myanmar morning newsGenocide bad for business in Myanmar
Myanmar is learning the hard way that accusations of ethnic cleansing and genocide are especially bad for business.
Asia Times

Myanmar: 4 infographics on population, wealth, economy
Recently opened to foreign business, Myanmar is emerging from decades of isolation to develop its economy and provide a better life to its relatively large population.

Yangon to take part in upgrading of industrial zones
The Yangon Regional Government will upgrade the industrial zones located within Yangon Region to encourage further investments and development, U Phyo Min Thein, the region’s Chief Minister said during a meeting at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry late last week.
Myanmar Times

Prominent US law firm quits on Myanmar
merican lawyer Eric Rose has promoted foreign investment in Myanmar during his five years as director of Herzfeld Rubin Meyer & Rose. The American law firm was the first to open an office in Yangon back in 2013, a time when the country was just beginning to open its doors to the West after decades of isolation.
— Asia Times

Myanmar’s Hindu refugees anxiously await repatriation
Rakhine massacre has created mistrust of Muslims but Rohingya leader says any fear is ‘unfounded and unacceptable’
UCA News

Government commits to long term aquaculture development; starts dialogue on issues
Myanmar has taken its first major step towards developing a sustainable aquaculture industry that will meet domestic dietary needs and support the country’s fishery exports business at a time when wild fish stocks are declining rapidly.
— Myanmar Times

Rally denounces attempts to break peace process
Tens of thousands of military supporters held a mass rally held in Maingdar Ground, Yangon Region on Sunday to denounce those attempting to break up the State’s defence and peace process.
— Eleven Myanmar

Myotha project draws investments of K150B, developer eyes IPO
With the Mandalay Myotha Industrial Project having attracted local and foreign investments totaling K150.5 billion so far, officials are now eyeing a public listing in the near future, said U Aung Win Khaing, chair of the project’s developer, Mandalay Myotha Industrial Development Public Co Ltd (MMID).
— Myanmar Times

Mandalay hosts Myanmar Entrepreneurs Carnival
2018 Myanmar Entrepreneurs Carnival, the first of its kind in the country, was held for two days on February 3 and 4 at Myanmar Institute of Information Technology in Mandalay Region.
— Eleven Myanmar

Ministry issues first ECC but online database urged
A public online database of EIAs should be established asap. The environment ministry has released the first round of environmental permits, while public online access to those documentations is urged.
— Myanmar Times

JICA surveys infrastructure needs for Dawei SEZ
A team led by the Japan International Cooperation Agency (JICA) is making a survey on the implementation of basic infrastructure, such as a deep sea port and electricity supply, in Dawei Special Economic Zone (SEZ), Taninthayi Region.
— Eleven Myanmar

Govt sticks to courageous target as Myanmar slips down in World Bank’s doing business rankings
Myanmar is in fact slipping further away from the govt’s target of reaching top 100 in the Doing Business index by 2020. It remains to be seen how Nay Pyi Taw could deliver this commitment,
— Myanmar Times

State Counsellor and UEC chairman meet chairman of Asia Foundation
Aung San Suu Kyi, State Counsellor and Minister for Foreign Affairs, received a 32-member delegation led by David Dale Arnold, shairman of the Asia Foundation, at her office of the Ministry of Foreign Affairs in Nay Pyi Taw on Friday.
— Eleven Myanmar

Energy firms head for the exit as offshore blocks hit hurdles
Low energy prices and the high cost of offshore exploration are prompting some energy companies to give back blocks won in a 2014 tender – a development that could hurt Myanmar’s ability to meet its power needs in the years ahead.
— Frontier Myanmar

Export of agricultural products increases this fiscal year
The export of agricultural products in the current fiscal year (FY) increased by US$178 million, compared with the same period last FY, according to the Ministry of Commerce, state media reported.
— Mizzima

 

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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