Myanmar Morning News For March 2

Bangladesh Asks Myanmar To Pull Back Troops From Border Area Housing 6,000 Rohingya
Bangladesh Thursday asked Myanmar to immediately “pull back” security forces and heavy weapons from the border after the troop build-up near a camp housing thousands of stranded Rohingya stirred tension on the troubled frontier.
— NDTV

Samsung decides against investing in Myanmar amid “government inaction”
South Korea’s corporate giant Samsung Electronics scrapped its plans to build a production base for smartphones or home appliances in Myanmar due to what it calls “an unfavourable administrative environment” and “lingering political uncertainties,” and also because of the Myanmar government’s inaction on economic reforms and concerns over a worsening bureaucracy. Samsung said that the decision was final, Korea Times reported.
— Investvine

Myanmar’s government unveils a 238-point economic reform plan
THE Yangon Stock Exchange does not lack ambition. It is housed within the imposing former headquarters of the central bank. The two guards manning the entrance protect a stack of visitor badges, mostly unused.
— The Economist

Rohingya crisis: Military build-up on Myanmar border with Bangladesh
More than 5,000 people have been living on a narrow strip of land between the two countries since some 700,000 Rohingya fled the burning of their homes in Myanmar last year.
— BBC News

16 Myanmar migrant workers repatriated
The Myanmar workers, 14 men and two women, were from Rakhine State and were smuggled into Mae Sod district of Tak province by human trafficking gang to work in fishing boats in Southern Thailand.
— Thai PBS

Myanmar soldiers fire shots near Rohingya camp at Bangladesh border after Dhaka protests
The members of Myanmar’s Border Guard Police or BGP fired two shots in the air on their side of the Tambru border at Naikkhyangchharhi in Bandarban around 8pm on Thursday, BGB 34 Battalion Commander Lt Col Manjurul Hasan told bdnews24.com.
— Bdnews24

Myanmar forces amass at Tambru border
In a sudden move, the Myanmar security forces has once again heightened its presence in the no man’s land between Bangladesh’s Konarpara and Myanmar’s Tambru border points, sparking fears among the Rohingya people stranded there and renewing the tension between the two neighbours.
— Dhaka Tribune

‘Lives will be lost’: Bangladesh rains promise further misery for Rohingya
A little girl dressed in pink, maybe three years old, is smiling through a rip in a tarpaulin. She is leaning against the bamboo pole holding up her home. Below her is a 15-foot drop, straight down to a dried-up riverbed.
— The Guardian

Myanmar ‘bars entry’ for UK govt body after criticism
The Myanmar authorities have allegedly blocked entry for a fact-finding committee of the British government following criticism by the UK MPs over Myanmar’s role in the Rohingya crisis, reports The Telegraph.
— The Daily Star

Myanmar to Hold Third Round of Nationwide Peace Talks in May
The Myanmar government and other stakeholders in the country’s struggling peace process have pushed ahead the date of the third round of their negotiations to early May because ethnic armies in violence-ridden Shan and Rakhine states have yet to hold ethnic-based national-level discussions, people involved in preparations for the talks said Wednesday.
— Radio Free Asia

Insurance coverage needed as banks expand
The recent bomb explosion at a Yoma Bank branch and robbery at Kanbawza (KBZ) Bank branch have highlighted the need for banks to acquire insurance for protection against unforeseen risks at a time when banks are expanding across Myanmar.
— The Myanmar Times

Military opposes former general U Shwe Mann’s commission, again
Military lawmakers have against opposed extending the mandate of a parliamentary commission led by ex-general Thura U Shwe Mann, continuing a long-running feud with the former parliamentary speaker.
— Frontier Myanmar

Parliament suggests tax rates for non-assessed income
Parliament has suggested imposing taxes on three categories of income not included in the 2018 Union Tax Bill submitted by the government.
— The Myanmar Times

Myanmar’s tourism strategy needs an overhaul
FOR THE past couple of years, the small hilltop town of Thandaunggyi has been the petri dish for an experiment in hotel licensing.
— Frontier Myanmar

Emerging markets on cusp of digital transition
AS THE mobile industry moves into the 5G era, emerging markets are on the cusp of a major transition towards digital economies, according to the Mobile World Congress 2018 held from February 26 to March 1.
— Eleven Myanmar

Myanmar to act on counterfeit medicine
Myanmar has vowed to cooperate with countries in the region to combat transnational distributors of counterfeit medicine, Xinhua reported.
— Mizzima

Myanmar vows to work with region in fight against counterfeit drugs
Myanmar has vowed to cooperate with countries in the region to combat transnational distributors of counterfeit medicine, the Myanmar News Agency reported Wednesday.
— The Myanmar Times

Myanmar warns of rising day temperature as summer falls
Myanmar’s Meteorology and Hydrology Department has warned people of gradual rising day temperature as summer has fallen.
— Xinhua Net

Feature photo Jean-Marie Hullot

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.

Myanmar Morning News For March 2 added by Leakhena Khat on March 2, 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.