Myanmar morning news for October 2

Myanmar morning news for October 2

Myanmar morning newsMyanmar cuts cost of China-funded port project by 80%
Myanmar has agreed to scale down a Chinese-led port project in the western state of Rakhine, slashing the initial price tag to $1.3 billion from $7.2 billion over concerns about excessive debt.
— Consult-Myanmar

Myanmar manufacturing PMI continues its deterioration in September
Myanmar manufacturing sector suffered from unfavorable exchange rates against the U.S. dollar, resulting in increase of input costs and output charges.
— Nikkei Asian Review

Myanmar successfully renegotiates debt, ownership terms for Kyaukphyu
Myanmar and China are on the cusp of signing a framework agreement on the development of Kyaukphyu Special Economic Zone (SEZ) in Rakhine State, U Than Myint, Minister of Commerce and chair of the Myanmar SEZ Central Committee, told The Myanmar Times.
— Myanmar Times

Myanmar to develop tourism through new border gate
Myanmar Vice President U Henry Van Thio has stressed developing tourism through newly opened international border gate – Reekhorda which links India’s Zokhawthar in Mizoram State.
— Khmer Times

Rohingya refugees to be identified by biometrics
Union Home Minister Rajnath Singh said on Monday that states had been asked to identify Rohingya refugees and collect their biometric details.
— The Northlines

Myanmar Shipyards builds 528 new vessels, repairs 1,598 ships
Myanmar Shipyards under the Ministry of Transport said that 528 new ships were built and 1,598 ships were repaired up until August this year.
— Eleven

Civic Groups, Villagers Want Myanmar to Drop Controversial Dam Project
Civil society organizations and local residents have called on the Myanmar government to cancel the U.S. $3.6 billion Chinese-financed Myitsone Dam on the Irrawaddy River in Kachin state, put on hold in 2011 following public opposition to the controversial hydropower project.
— Radio Free Asia

Rubber export target raised this fiscal year
About 170,000 tons of rubber are to be exported this fiscal year 2018-2019, said U Khaing Myint, secretary of Myanmar Rubber Planters and Producers Association (MRPPA).
— Global Newlight of Myanmar

Bangladesh delays plan to shift Rohingya to remote island
Bangladesh has postponed plans to begin relocating Rohingya Muslims to a remote island, officials said Monday, amid staunch opposition to the controversial idea among refugees living near the Myanmar border.
— Frontier Myanmar

India plans to approach Myanmar to take back Rohingya refugees
Union Home Minister Rajnath Singh on Monday said states have been told to identify the Rohingyas living in this country and send their biometric details to the Centre.
— Devdiscourse

Myawady border trade hits over $ 370 m
From April 1 to September 15, the border trade volume at Myawady border reached US$ 376.712 million, down US$7.700 million compared with the same period last year, according the figures from the Commerce Ministry.
— Eleven

HIV-associated TB deaths exceed 4,000
More than 4,000 out of around 32,000 people died of Tuberculosis (TB) are HIV-associated deaths, according to the National TB Eradication Program.
— Eleven

FastGo to launch in Indonesia and Myanmar
Vietnamese ride-hailing service, FastGo has announced it will launch its service in Indonesia ad Myanmar – its two first international markets – by the end of this year.
Read more at http://vietnamnews.vn/economy/466916/fastgo-to-launch-in-indonesia-and-myanmar.html#5Gv4EPx3O1DSKGAG.99
— Viet Nam News

Myanmar to export gold to foreign markets
Myanmar will export gold to Shanghai, Dubai and Thailand, said Dr Ye Thu Aung, director of Myanmar Gold Development Public Co., Ltd at a ceremony to open One Stop Services Center (OSSC) at Myanmar Culture Valley in the People’s Squares in Yangon on September 24.
— Consult-Myanmar

MPs criticise money approved for vague department projects
Members of parliament in Yangon Region criticised the regional government for appropriating money to different departments without clearly defined project plans.
— Myanmar Times

Union Minister reaffirms readiness for repatriation in Rakhine State
Union Minister for Social Welfare, Relief and Resettlement Dr. Win Myat Aye reaffirmed Myanmar’s readiness to accept the displaced people who left for Bangladesh, after the terrorist attacks in Rakhine State last year.
— Global Newlight of Myanmar

Thailand and Myanmar are natural allies
At their 9th annual joint bilateral meeting in Nay Pyi Taw in August, both countries proclaimed from now on they are “natural strategic partners”.
— Bangkok Post

Five Traders Arrested in Currency Manipulation Crackdown
The Bureau of Special Investigation (BSI) has detained five currency and gold dealers in Yangon as part of its ongoing investigation into alleged currency manipulation, the agency said Monday.
— The Irrawaddy

Myanmar will host Miss Grand International for the first time
Myanmar will host for the very time Miss Grand International from October 5 to 25 in Yangon, Bagan and Kawthaung.
— Eleven

 

Feature photo Asian Development Bank

This week’s Myanmar morning news feature photo acknowledges World Teachers’ Day, October 5.

 

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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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