Myanmar morning news for November 2

Myanmar morning news for November 2

Myanmar morning newsMyanmar Fails to Advance in World Bank’s Ease of Doing Business List
Myanmar showed no improvement in its overall ranking in the World Bank’s latest ease of doing business index, retaining the No. 171 spot it held last year—and remaining the least favorable ASEAN member country in which to conduct business.
— The Irrawaddy

First high-rise steel office tower to be complete in 2020
Local property developer Mottama Holdings yesterday held a topping out ceremony for its project, M Tower, which is the first high-rise steel-structured office building in Myanmar.
— Myanmar Times

Myanmar reacts with EU’s probable trade sanctions
Myanmar’s biggest business organization has called on the European Union (EU) to deliberate on intended trade sanctions on the country, expecting a balanced assessment with the issue after meeting with representatives from all sectors.
— Xinhuanet

UNHCR: Myanmar Not Safe for Return of Rohingya Refugees
The U.N. refugee agency opposes a recent agreement between Myanmar and Bangladesh to begin repatriating thousands of Rohingya refugees in the coming weeks.
— VOA News

Experts say it’s a good time to enter the property market
Property-market watchers say the increasing availability of home loans, the introduction of the Condominium Law 2016, and stable market makes this a good time for those looking homes to start considering taking the plunge.
— Myanmar Times

Migrants in Mahachai live in fear of police extortion
MYANMAR MIGRANTS in Samut Sakhon’s Mahachai district are living in terror that they may become a target of police extortion.
— The Nation

Camp For Displaced Hindus in Rakhine Short of Food, Manager Says
The manager of a camp in Rakhine State’s Maungdaw Township for Hindus displaced by last year’s violence said the camp was running short of food.
— The Irrawaddy

Myanmar manufacturing PMI in contraction for 4th month
Myanmar manufacturing sector remained in contraction for the fourth straight month, even though the pace of contraction is easing, a survey showed Thursday.
— Nikkei Asian Review (paywall)

Myanmar-language labels coming in April
The Department of Consumer Affairs has set April 26 next year as the deadline for companies selling foreign products to use Myanmar-language labels as part of an effort to protect public health and safety.
— Myanmar Times

Success of Current Gov’t ‘Pivotal’ to Myanmar’s Future: Japanese Ambassador
The fact is, Myanmar was, for many reasons, under the Tatmadaw regime for 50 years. Given that fact, it didn’t fully deal with Western nations, or with Japan and the UN.
— The Irrawaddy

Myanmar business organization calls on EU to deliberate on trade sanctions
The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) called on the European Union (EU) to deliberate on its intended trade sanctions on the country, expecting a balanced assessment with the issue after meeting with representatives from all sectors, according to a press release of the UMFCCI Tuesday.
— Mizzima

Tatmadaw Detains 15 Kachin Aid Workers Near Laiza
The Myanmar Army detained 15 members of the Kachin Baptist Convention (KBC) in Nam San Yang village near the Chinese border on Oct. 24, the religious organization said on Thursday.
— The Irrawaddy

Internet freedom rating drops in Myanmar: FEM
Myanmar’s nascent internet freedom has declined in 2018 for the second year in a row under the NLD according to US-based Freedom House’s annual report launched today.
— Mizzima

Myanmar: EU mission assesses human rights and labour rights situation
A monitoring mission of experts from the European Commission and the European External Action Service visited Myanmar from 28 to 31 October.
— European Commission

UN: Myanmar Is Not Safe for Rohingyas to Return
The United Nations refugee agency has condemned an agreement between Bangladesh and Myanmar about minority Rohingyas.
— Voice of America

Is Myanmar still an attractive investment destination?
Despite fierce domestic and international headwinds that have threatened to blow Myanmar’s fast-growing economy off course, executives who participated in Oxford Business Group’s latest Business Barometer: Myanmar CEO Survey remain broadly confident about the investment climate in Southeast Asia’s last great frontier market.
— Myanmar Times

Myanmar holds wildlife festival in Yangon
Myanmar is holding a wildlife festival “Voices for Wildlife”, starting here today to support the government’s combat on illegal wildlife trade and to raise awareness of wildlife conservation in the country.
— Khmer Times

Exposition of Buddhist art and Myanmar music
Given the freedom to choose the subject of an art exhibition they would then organise, two young artists from northern Myanmar, Nay Minn Zaw and Kyaw Han Htoon, decided that Buddhism and Myanmar music would be the subjects of the “Majjhima Gita” exhibition.
— Myanmar Times

Myanmar’s sea turtles fight against the odds for survival
PERIL plagues the lives of Myanmar’s baby turtles: if crabs don’t get them before they scramble from beach to sea, then poachers or fishing trawlers might finish them off instead.
— Business Times

HK’s Belt and Road Scholarship scheme comes to Myanmar
Specifically, Hong Kong launched the Belt and Road Scholarship to enable Myanmar students to pursue undergraduate studies in the city starting with the 2019-20 academic year.
— Myanmar Times

Memories Group buys out Samena Capital-backed Myanmar firms for $41m
It was Samena Capital’s first private equity investment in Myanmar.
— Deal Street Asia

Print is not dead
One of MCM’s biggest clients is The Myanmar Times, which runs the country’s largest English daily newspaper, as well as a daily and weekly Myanmar publication under its moniker.
— Myanmar Times

Printers urged to join in at global fair
MYANMAR’S printing and packaging companies are being encouraged to catch up on printing technologies and trends at an industry show that is expected to draw up to 300,000 visitors in Germany.
— The Nation

Fight against illegal drugs ‘needs boost’
The most notorious area is the Golden Triangle, an overlapping mountainous area of about 950,000 square kilometres shared by Myanmar, Laos and Thailand near the Mekong River.
— Bangkok Post

‘Shines with the color of pearls’: Myanmar’s trade in human hair booms
Hair helps to pay the rent for Za Za Lin, whose eyes filled with tears as her long black mane was combed, cut, and untangled by practiced hands at a roadside market stall in Myanmar’s commercial hub of Yangon.
— Reuters

Contest seeks entries from budding IT entrepreneurs
The 2019 Myanmar Youth Techno-preneurship Development Programme will be organised next year by the Myanmar Computer Federation in cooperation with telecoms company MPT, federation chair U Khun Oo said.
— Myanmar Times

Raids net 321 outlaw foreigners
A total of 321 illegal migrants were rounded up during coordinated raids in Mae Sot district early on Thursday morning.
— Bangkok Post (annoying pops)

 

 

Feature photo photo-journ.com

 

This week’s Myanmar morning news feature photo acknowledges International Day to End Impunity for Crimes against Journalists, November 2.

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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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.

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