Myanmar Morning News For July 12

Northern Alliance hopes to reopen dialogue with govt
The powerful Northern Alliance would discuss reopening the lines of communication between the coalition and the government peace negotiator at the third round of the 21st Century Panglong Conference that starts today in Nay Pyi Taw.
— Myanmar Times

World Bank Vice President for East Asia and Pacific concludes Myanmar trip
World Bank Vice President for East Asia and Pacific, Ms. Victoria Kwakwa, concluded a three-day visit to Myanmar to assess progress and discuss future support for peace, social inclusion and economic transition, according to the devdiscourse website.
— Mizzima

eGovernment shape is important Unicode
The current government is working to speed up the development of eGovernment systems and services for the system had been required to use Unicode experts, told The Myanmar Times.
— Myanmar Times

Quick Repatriation of Rohingya Refugees is Not a Durable Solution
In August and September, massive refugee camps were reestablished in Cox’s Bazar, Bangladesh, near the border with Myanmar. The refugees are largely from the Rohingya minority, which the Myanmar army expelled for the fourth time since 1978.
— The Irrawaddy

Myanmar, Laos officials given US visa restrictions
The U.S. is placing visa restrictions on Myanmar and Laos for failing to accept their nationals when the U.S. seeks to deport them, RFA reported on 10 July.
— Mizzima

Myanma Insurance to cover 60pc of CGI-backed loans
The Central Bank of Myanmar, in a notice released earlier this month, announced that state-owned Myanma Insurance, under a new Credit Guarantee Insurance (CGI) scheme for banks, will bear 60 percent of a loan in the event of a default.
— Myanmar Times

Chinese FM’s special envoy to attend next Union Peace Conference
Sun Guoxiang, the Chinese Foreign Ministry’s special envoy for Asian Affairs, will attend the Union Peace Conference, also known as the 21st Century Panglong Peace Conference at the invitation of Myanmar’s government, a foreign ministry spokesperson said Tuesday.
— Mizzima

Central bank to scrutinize foreign large bank share acquisitions
The Central Bank of Myanmar will scrutinize the acquisition of a 35-per-cent stake by foreign banks in local banks, said Aung Naing Oo, Director-General of Directorate of Investment and Company Administration.
— Eleven Myanmar

Reset the SEZ in October
The long stop in the SEZ development process by the end of the rainy season now open season will begin on October SEZ chairman of the center of public activity such as Commerce Minister U Than Myint said.
— Myanmar Times Weekly

Kachin leader expects fewer clashes after Panglong peace conference
The Kachin Independence Organisation expects that peace talks beginning in Nay Pyi Taw today will result in fewer clashes between the Tatmadaw and the Kachin Independence Army.
— Frontier Myanmar

Myanmar announced to spend $ 35 million from the World Bank
World Bank Vice President for East Asia and Pacific Victoria’s three-day visit to Myanmar Rakhine long rehabilitation and the construction of a peaceful and pleasant communities promise to support the project, a total of 35 million US dollars, the bank released on July 1.
— Myanmar Times

Telenor MBA Scholarships
Telenor and MMC (MyanmarMetropolitan College) in Telenor MBA Scholarship Program will be able to apply for 15 days this month.
— Myanmar Times Weekly

Myanmar peace conference kicks off in Nay Pyi Taw; Aung San Suu Kyi, army commander open third session with ethnic rebels
Myanmar’s leader Aung San Suu Kyi and the country’s military commander Senior General Min Aung Hlaing have opened a major conference with representatives of ethnic minority groups to try to reach a lasting peace after seven decades of strained relations and armed conflict.
— First Post

Mon State Resources Ministry Warns Antimony Plants to Control Fumes
The Mon State Ministry of Natural Resources and Environmental Conservation has warned that it will take action against antimony plants in the Moulmein Industrial Zone if they do not control their fumes.
— The Irrawaddy

$16.4m EU grant to strengthen democratic institutions
The Ministry of Planning and Finance and the European Union signed a new financing agreement yesterday for €14 million (US$16.4 million/ K23.2 billion) to support democratic institutions in Myanmar in terms of administrative capacities, policy development and legal reforms. The new grant will be channelled through two projects: “STEP2Democracy” and “MyGovernance”.
— Myanmar Times

Myanmar Insurance to cover 60pc of CGI-backed loans
The Central Bank of Myanmar, in a notice released earlier this month, announced that state-owned Myanma Insurance, under a new Credit Guarantee Insurance (CGI) scheme for banks, will bear 60 percent of a loan in the event of a default.
— Myanmar Times

Withholding tax exemption necessary, but raises concerns
Since taking office as new Minister of Planning and Finance in May, U Soe Win has pushed through a long-awaited reduction in withholding taxes for local businessmen and foreigners living in Myanmar.
— Myanmar Times

Rice export earnings exceed $ 219 m
Until June 29 of this fiscal year, the country earned US$ 219.521 million from exports of 638468.86 tonnes of rice and broken rice, according to the figures from the Commerce Ministry.
— Eleven Myanmar

Govt seeks investor interest to co-run cement plant in Magwe
The Ministry of Industry (MOI) is inviting Expressions of Interest from both local and foreign investors to co-operate a State-owned Thayet cement plant in Magwe Region under a Public Private Partnership, said U Zaw Lin Tun, deputy director of No.2 Heavy Industrial Enterprise under the MOI.
— Myanmar Times

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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.

Myanmar Morning News For July 12 added by Maria Mirasol Rasonable on July 12, 2018
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Maria Mirasol Rasonable graduated with a Bachelors Degree in journalism from Polytechnic University of the Philippines, Santa Mesa, Manila, Philippines.

She previously covered police rounds for Philippine Daily Inquirer as a trainee before becoming editorial staff at Gospel Komiks under the Communication Foundation for Asia (CFA-MG), Santa Mesa, Manila where she wrote lifestyle and trending fashion and styles articles.