Myanmar Morning News For January 3

Myanmar Morning News For January 3

Myanmar morning newsMyanmar proposes minimum wage increase of 33%
The Myanmar Government has set out plans to increase the country’s minimum wage rate by 33% across all regions – a move the garment sector suggests could put pressure on its business owners.

Myanmar-EU trade hit 1.35 bln USD in 7 months
Trade between Myanmar and European Union’s member countries reached 1.35 billion U.S. dollars in first seven months of present fiscal year 2017-2018, the official Global New Light of Myanmar reported Tuesday.
Xinhua Net 

Government extends loans to agriculture, construction, SME sectors
State-owned Myanma Economic Bank (MEB) will extend medium term loans to companies in the agriculture, small and medium enterprise (SME) and construction sectors, the government said last week. The loans to these three sectors will be term loans of 3-5 years.
Myanmar Times 

McDermott details offshore India, Myanmar projects
McDermott International has a letter of award from Reliance Industries for a subsea field development in the Krishna Godavari basin offshore eastern India.

Canadian ambassador deletes tweet, photos of New Year’s Day visit to Myanmar beach
A Canadian ambassador has deleted a New Year’s Day tweet he made while on a visit to Myanmar as that country continues to struggle through a brutal humanitarian crisis.

Garment industry must raise value proposition to stay sustainable
2017 was a strong year for the garment export sector. During the seven months between April and November, some $1.5 billion worth of garment products were shipped out of Myanmar, bound for warehouses owned by the likes of Uniqlo and Primark in Japan and Europe, according to the Ministry of Commerce (MOC).
Myanmar Times

Thailand joins tri-nation haze battle plan
Thailand will cooperate with Myanmar and Laos in a campaign against forest fires in the North later this month as the three countries brace for the approaching summer haze.
Bangkok Post 

Will Rohingya Refugees Start Returning to Myanmar in 2018?
The signing of a repatriation agreement between Myanmar and Bangladesh on 23 November has raised expectations — and concerns — of an imminent return of Rohingya refugees to northern Rakhine state. But the reality is that no repatriation is likely in the foreseeable future.
Relief Web 

116 killed, over 800 injured in traffic accidents on Myanmar’s highway in 2017
A total of 116 people have been killed, 863 injured in traffic accidents on Myanmar’s Yangon-Mandalay highway in 2017, the official Global New Light of Myanmar reported Tuesday.
Xinhua Net 

Rex Tillerson demands release of two reporters in Myanmar
The statement came while Tillerson was giving a press conference outside of the United Nations on the North Korea nuclear crisis.
Wiki Tribune 

Foreigners allowed to buy jointly-owned condominium apartment in Myanmar
Foreigners have been allowed to buy jointly-owned condominium apartment following the new rules under the Condominium Law announced early last month, said legal expert U Naing Lin Zaw Tuesday.
Xinhua Net

Myanmar Says Centers For Returning Rohingya Refugees in Final Stages
A Myanmar government immigration official said Tuesday that two reception centers to be used to process returning Rohingya Muslim refugees from neighboring Bangladesh are in the final stages of completion before the Southeast Asian country begins repatriations in 20 days.
Radio Free Asia 

UNICEF urges ending of violations against children in conflict areas
The United Nations Children’s Fund (UNICEF) on Thursday called on all parties to conflict to abide by their obligations under international law and immediately end violations and attacks against children.

Myanmar Tourism Bank will open within six months: official
Myanmar Tourism Bank will begin operating within six months in Yangon, Mandalay and Nay Pyi Taw after a long delay to obtain approval from the government, said an official.
Myanmar Times 

Myanmar’s Rakhine Parliament Impeaches State Municipal Affairs Minister
Myanmar’s Rakhine state parliament impeached the state’s municipal affairs minister on Tuesday for failing to perform his duties properly, making him the first regional government minister forced to step down under the current civilian-led central government.
Radio Free Asia 

Businesses demand quicker reforms, policy clarity in 2018
After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018.
Myanmar Times 

Entrepreneurs call for ban on re-export of sugar
In a bid to boost the sown acreage of sugarcane plants, the government needs to put a time-limited ban on the re-export of sugar, said Win Htay, chair of Myanmar Sugar and Sugarcane Product Entrepreneurs Association (Mandalay).
Eleven Myanmar

Myanmar seeks to upgrade border gate with China: newspaper
Myanmar is seeking to turn the Chinshwehaw border gate with China into an international entry point, Minister of Labor, Immigration and Population U Thein Swe was quoted by the official Global New Light of Myanmar as saying Monday.
Myanmar Times 

Rough justice in Myanmar as legal system creaks
As the judge speaks, the defendant’s face twists in anger, his body shaking. His family is stunned.
The Financial Times 

Parami Energy readies imported LPG for sale as demand rises
The government is aiming to replace the use of electricity with Liquefied Petroleum Gas (LPG) as a fuel for household cooking. If widely used, LPG can reduce the use of firewood as well as electricity when cooking, which will help to conserve power as well as the environment.
Myanmar Times 


Feature photo 3dman_eu


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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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.

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