Myanmar morning news for October 10

Myanmar morning news for October 10

Myanmar morning newsBRI debt trap: An unintended consequence?
Myanmar decided to scale down a new port in Kyauk Pyu from US$7.3 billion to US$1.3 billion.
— The Asean Post

Annual FDI inflows expected to fetch $ 5.8 billion in 2018-19 FY
Foreign investment is expected to hit up to US$ 5.8 billion in 2018-2019 fiscal year, said Aung Naing Oo, Director-General of Directorate of Investment and Company Administration, at a ceremony to introduce the book titled “Myanmar Investment Promotion Plan (MIPP)” at Thingaha Hotel in Nay Pyi Taw on October 8.
— Eleven Myanmar

Myanmar’s Ambitious 20-Year Plan to Attract Foreign Investment
In an effort to counteract the significant decline in foreign direct investment (FDI) over the last two fiscal years, the government’s Myanmar Investment Commission (MIC) has launched a major investment promotion plan which aims to attract more than $200 billion through responsible and quality business over the next 20 years.
— The Irrawaddy

Myanmar earns US$630,000 from Maungdaw border trade export in Sept
Myanmar earned over US$630,000 from Rohu (carp fish) and rice export to Bangladesh in September through Maungdaw border trade, sources said.
— Eleven Myanmar

The world decries Myanmar’s Rohingya abuses. Myanmar’s reply: denial, defiance and propaganda
Plainclothes police hovered around him. The elderly Rohingya man was too afraid to talk.
— The Washington Post

ADB publishes estimated GDP figures for 2018/19
The Asian Development Outlook 2018, published by the Asian Development Bank (ADB), has updated Myanmar’s estimated economic figures, saying that the country’s growth rate of gross domestic product (GDP) is 6.6 percent for 2018, and seven percent for 2019.
— Mizzima

Non-profits urge Myanmar to strengthen Human Rights Commission
A group of civil society organisations on Tuesday urged the Myanmar government, led by Nobel Peace Laureate Aung San Suu Kyi, to strengthen the country’s National Human Rights Commission to have a decisive impact on the country’s development.
— Business Standard

16,000 kg of rice given as drought relief by Myanmar wasted
Reports have surfaced that 16,000 kg of 86,000 kg donated by Myanmar as drought relief has been found in a storage facility in Wilchchiya.
— News First

Laws to protect intellectual property, encourage business in the works
Businesses in Myanmar still rely on outdated colonial-era laws enacted by the British more than one hundred years ago to protect intellectual property (IP) rights.
— Myanmar Times

ONE: Pursuit of Greatness Set For October 26 in Yangon, Myanmar
The largest global sports media property in Asian history, ONE Championship™ (ONE), has just announced the complete card for ONE: PURSUIT OF GREATNESS, set for Friday, 26 October, at the Thuwunna Indoor Stadium in Yangon, Myanmar.
— Fight Netwrok

Yangon govt to act against messy overhead cables
The Yangon Regional Government says it is going to take action against telecommunications companies for untidy telecom cables that crisscross roads and streets, Daw Nilar Kyaw, minister of electricity, industry, transportation and telecommunication said during the sitting of the regional assembly last Thursday.
— Myanmar Times

Laws to protect intellectual property, encourage business in the works
Businesses in Myanmar still rely on outdated colonial-era laws enacted by the British more than one hundred years ago to protect intellectual property (IP) rights.
— Myanmar Times

Action urged against Myanmar
Myanmar is “unable and unwilling” to investigate its abuses against Rohingya Muslims, a UN rights envoy has said, bolstering calls for the country’s generals to be hauled before an international court.
— Manila Standard

Manufacturing growth, banking reform key to economic expansion: AMRO
The Myanmar economy is forecast to grow by 7.4 percent in 2018-19 compared to 6.8pc in 2017-18, backed by growth in the garment manufacturing sector and a rebound in exports, according to the ASEAN+3 Macroeconomic Research Office (AMRO), based on visits to Myanmar in May last year and data available up to June 29.
— Myanmar Times

Myanmar ‘unwilling’ to investigate Rohingya abuse, says UN rights envoy
MYANMAR is “unable and unwilling” to investigate its abuses against Rohingya Muslims, a UN rights envoy has said, bolstering calls for the country’s generals to be hauled up before an international court.
— The Malaysian Insight

Laws to protect intellectual property, encourage business in the works
Businesses in Myanmar still rely on outdated colonial-era laws enacted by the British more than one hundred years ago to protect intellectual property (IP) rights.
— Myanmar Times

Two Military-Appointed Cabinet Ministers Look Set To Be Replaced
Following unconfirmed reports on social media and from some local news organizations that two military-appointed Cabinet posts are to be reshuffled, speculation has focused on the ministers of Defense and Home Affairs, who are near or above the age of 60, the legal retirement age for civil servants in Myanmar.
— The Irrawaddy

Miss Grand International 2018 introduces its beauty pageants
Beauty queens from 80 countries were introduced to the media at the event. Miss Grand International 2018 will be held from October 5th to 25th
— Eleven Myanmar

Eight States and Regions may get more rain due to depression
Due to a depression occurring in the Bay of Bengal, eight States and Regions including Nay Pyi Taw council area may see more rain, according to the Department of Meteorology and Hydrology (DMH).
— Eleven Myanmar

Bangladesh set to repatriate 6,000 Rohingya refugees to Myanmar
The first batch of 6,000 Rohingya refugees would be sent back to Myanmar soon, Bangladesh Foreign Minister Abul Hassan Mahmood Ali said.
— The New Indian Express

Over 400 medical staffs assigned to Rakhine State
The Ministry of Health and Sports has reinforced its staffs of over 400 health workers including 21 specialist doctors in Rakhine State aiming to meet the inequl balance between demand and supply for healthcare.
— Eleven Myanmar

Myanmar’s Phandeeyar-backed online tutor booking startup MMTutors secures investment
MMTutors, an online platform that connect students with tutors in Myanmar, has secured an undisclosed sum in funding led by Seed Myanmar Ventures (erstwhile VIMIC), an early-stage technology fund.
— Yahoo News

Myanmar to host ASEAN Committee on Culture and Information
Myanmar will host the 53rd meeting of ASEAN Committee on Culture and Information (ASEAN-COCI) in Nay Pyi Taw on Nov.12-16 under the framework of ASEAN Charter, Xinhua reported quoting local media.
— Mizzima

Ethnic Rakhines protest outside Myanmar embassy in Tokyo
About 70 ethnic Rakhines protested outside the Myanmar embassy in Tokyo on Monday, calling on State Counsellor Aung San Suu Kyi to release a Rakhine nationalist leader and a social activist arrested earlier this year and charged with treason, RFA reported.
— BNI

Abe: Japan will support Myanmar’s democratization
Abe made the comment in a meeting with Myanmar’s State Counsellor Aung San Suu Kyi in Tokyo on Tuesday. She is in Japan for the Mekong-Japan Summit which involves Vietnam, Myanmar, Thailand, Cambodia and Laos.
— NHK

Kyaukphyu SEZ project comes after Kyaukphyu Deep Sea Port project
Kyaukphyu Special Economic Zone project will be developed after Kyaukphyu Deep Sea port Project in Rakhine State, Union Minister for Commerce Dr. Than Myint told the Daily Eleven.
— Eleven Myanmar

TNLA Gives Shan Woman 3-Year Jail Term
The Ta’ang National Liberation Army (TNLA) says it has sentenced an ethnic Shan woman to three years in jail for informing on the armed group’s fighters to the Myanmar military.
— The Irrawaddy

BTRC: Illegal VoIP calls incur huge revenue loss
The Bangladesh Telecommunications Regulatory Commission (BTRC) is incurring huge revenue losses from illegal international calls made from all over the country.
— Dhaka Tribune

Myanmar ‘unwilling’ To Probe Rohingya Abuse, UN Must Act Says UN Rights Envoy, Yanghee Lee
Myanmar is “unable and unwilling” to investigate its abuses against Rohingya Muslims, a UN rights envoy has said, bolstering calls for the country’s generals to be hauled before an international court.
— Republic World

The Need for Stress Management in Myanmar
Management is becoming a popular conversation point in Myanmar these days, and rightly so.
— The Irrawaddy

Myanmar: plant blaze costs USD 53,000 damages
The official Global New Light of Myanmar declared that a private plastic plant blaze, which took place in Myanmar’s Yangon, has left damages of at least USD 53,000.
— MenaFN

Dhaka’s last minute campaign for UNHRC election
Bangladesh is contesting the election from Asia-Pacific region of the UNHRC, which is very vocal against human rights violations in Myanmar.
— Dhaka Tribune

Crackdown on Illegal Wildlife Trade Focuses on Yangon
The Yangon regional government will take a tough line on the illegal wildlife trade including the selling of wildlife curries at restaurants, said U Thein Toe, director of the Yangon Region Forest Department.
— The Irrawaddy

Despite pressure elsewhere, Suu Kyi still has a friend in Japan
In August, a report by a United Nations fact-finding mission declared that the violence committed in Rakhine State against members of the country’s Rohingya muslim minority was a genocide and recommended that top officials in the Tatmadaw, Myanmar’s military, be investigated for the role they played.
— Asia News Network

Myanmar to hold investment fairs to spur development
Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday.
— Mizzima

 

Feature photo UCL

This week’s Myanmar morning news feature photo acknowledges World Post Day, October 8.

 

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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