Myanmar Morning News For June 8

Facebook blacklists Myanmar hardline Buddhist group
Facebook has blacklisted a group of Myanmar Buddhist hardliners including monks notorious for bilious hate speech against Rohingya Muslims, the company said on Thursday (June 7), as it scrambles to show it is tackling inflammatory content.
— The Straits Times

Wake up to the problem of electronic waste, Myanmar urged
Recycling businesses in Myanmar are hopeful on the market potential but needs more support to grow, according to a domestic company.
— The Myanmar Times

Australian former publisher Ross Dunkley reportedly arrested for drugs in Myanmar
Myanmar media is reporting that Australian former publisher Ross Dunkley has been arrested for drugs in Yangon.
— ABC

India to help Myanmar in insurance laws, GIC to assist authorities
The General Insurance Corp of India (GIC) will assist Myanmar authorities in amending laws related to insurance and reinsurance and in expanding insurance services in the country, authorities said here on Thursday.
— Financial Express

The problem with the repatriation of Rohingya refugees
On 6 June 2018, the government of Myanmar and the United Nations (UN) signed a Memorandum of Understanding (MoU) on assistance for the repatriation of displaced persons from Rakhine State.
— The Asean Post

Myanmar’s Cardinal Bo taking message of peace Down Under
Charles Maung Bo will become the first Burmese cardinal to visit Australia on June 9 when the human rights advocate will deliver lectures on peace and faith during a three-city swing through Sydney, Melbourne and Perth.
— UCA News

Agricultural exports volume plummets by more than $70m
Agricultural exports from Myanmar, which is an agriculture-based economy, have declined in value by more than US$70 million compared to the same period last year, according to the Ministry of Commerce.
— The Myanmar Times

Myanmar’s insurance sector set for help from Japan
Myanmar will flesh out its insurance industry with Japanese guidance and personnel support on crafting rules and products, hoping to develop a potentially lucrative market.
— Nikkei Asian Review (metered paywall)

US tightens the screws on North Korean restaurant in Myanmar
The Pyongyang Koryo restaurant, a North Korean-run eatery in Myanmar’s former capital Yangon, has been ordered to close.
— Asia Times

FDI expected to hit $ 3 bln during interim period
From April to September this year, the total foreign investment is expected to hit US$ three billion, according to the Directorate of Investment and Company Administration (DICA).
— Eleven Myanmar

Government launches Myanmar Law Information website
The Union Attorney General’s Office has launched the Myanmar Law Information System aimed at providing the public easier access to information and details about the laws of the country.
— The Myanmar Times

Suu Kyi’s UEHRD Adviser Offers Services for Free
The newly appointed adviser to the chairperson of the Committee of the Union Enterprise for Humanitarian Assistance, Resettlement and Development in Rakhine (UEHRD) said Thursday he would donate his time to the organization for free.
— The Irrawaddy

Ministries explain spending foreign loans on projects
Pyidaungsu Hluttaw put the discussion on spending foreign loans on projects on record yesterday following the debate by the lawmakers and union-level officials at the Hluttaw yesterday in Nay Pyi Taw.
— The Global Newlight of Myanmar

Myanmar to establish multi-purpose terminal in Yangon region
Myanmar’s Yangon region authorities are seeking to establish a new multi-purpose terminal in the region, the official Global New Light of Myanmar reported Thursday.
— Xinhua Net

Bureaucracy, unfair taxes and competition stifle Carlsberg’s Myanmar plan
Michael Jensen, managing director of Carlsberg Myanmar, didn’t bother to hide his frustration at the environment in which his brewery has been forced to do business in the country.
— The Myanmar Times

Yamato ventures into Myanmar’s small-cargo delivery market
In a move aimed at tapping into Myanmar’s small-cargo delivery market for homes and businesses, Japanese logistics company Yamato Holdings on Monday launched joint venture Yamato Global Logistics Myanmar in Yangon, the country’s biggest city.
— Nikkei Asian Review (metered paywall)

Feature photo Michel Coutty

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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 June 8 added by Leakhena Khat on June 8, 2018
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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.