Myanmar morning news for April 12

Myanmar morning news for April 12

Myanmar morning newsGas use for cooking in Myanmar much lower than in other ASEAN countries
Liquefied petroleum gas (LPG) is used much less for cooking in Myanmar than it is in other countries in ASEAN and needs to be promoted, industry officials say.
— Myanmar Times 

Myanmar rebels hit Rakhine police base, kill 3
Rebels attacked a police outpost in Myanmar’s restive western state of Rakhine between Tuesday night and Wednesday morning, killing three people and abducting seven others, state media reported Thursday.
— Bangkok Post

Govt asks for K2.6 trillion in additional funds to cover forex losses
Due to a decline in foreign earnings and reserves, President U Win Myint urged businesses to deal more in Myanmar kyat and less in foreign currencies at the Finance Commission’s meeting held in the Presidential Palace on April 9.
— Myanmar Times

Import substitutions to adjust trade
Myanmar has stood as a supplier country of natural resources or raw materials for decades, benefitting some other countries with capacities to produce finished and value added products.
— Global Newlight of Myanmar

Mini-grids are answer to Myanmar’s electrification challenge
Smart Power Myanmar and The Asia Foundation, both international development nonprofit organisations, launched two complementary studies of decentralisation within Myanmar’s energy sector last month.
— Myanmar Times 

LNG-to-power projects stall in Myanmar
Myanmar approved three LNG-to-power plants in early 2018, but delays in agreeing PPAs mean the projects are likely to miss their planned startup dates.
Interfaxenergy

Contract disclosure good for business in Myanmar, Total says
As a global transparency initiative prepares to require member governments to publish the contracts they sign with oil, gas and mining companies, an executive for French oil major Total discusses the potential benefits of contract disclosure for investors in Myanmar.
— Myanmar Times

Exports surge to $7.99 bln in first half of current FY
Myanmar’s exports touched a high of US$7.99 billion between 1 October, 2018 and 29 March, 2019, according to data from the Ministry of Commerce.
— Global Newlight of Myanmar

Jailed Reuters journalists win UN press freedom prize
The United Nations’ cultural agency said Wednesday that it had awarded its annual press freedom prize to two Reuters reporters jailed in Myanmar over their reporting on the killings of Rohingya Muslims in the country.
— Business Recorder

Foreign Diplomats, U.N. Officials to Take in Traditional Thingyan in Mandalay
U.N. officials and foreign diplomats posted in Myanmar are for the first time scheduled to enjoy this year’s traditional water festival over four days in Mandalay, the cultural capital of the country.
— The irrawaddy

Myanmar Military Chief Thanks Beijing for Support on Rakhine Crisis
Myanmar military chief Snr. Gen. Min Aung Hlaing praised China as an “eternal friend” and thanked it for countering international pressure on Myanmar over the Rohingya crisis during a visit to Beijing.
— The irrawaddy

Myanmar military chief praises China for support over Rohingya crisis
The commander-in-chief of Myanmar’s military has praised China for supporting anti-Rohingya operations in Rakhine State and for standing up against the international community.
— UCA News

Feature: China-built power plant hailed in Myanmar for benefitting people
People in Myanmar’s southern Mon state were hailing the recent inauguration of a China-built combined cycle gas turbine power plant in the state that has made over 1,500 villages in the state possible for access to electricity.
— Xinhua

Myanmar Military Chief Backs BRI Projects in Talks With China’s Xi
China’s ambitious Belt and Road Initiative (BRI) includes a host of projects that could benefit Myanmar, military chief Senior General Min Aung Hlaing told Chinese President Xi Jinping in Beijing on Wednesday, adding that Myanmar’s military was ready to cooperate on implementing them.
— The irrawaddy

China’s rare-earth imports from Myanmar will decline
China is likely to trim imports of rare earths from Myanmar starting next month, which an analyst said will help relieve oversupply in China. The country will also tighten its exports in the future because of the increasingly high environmental costs.
— Global Times

Maize farmers hopeful despite declining price
Maize farmers remain hopeful about the prospects for the crop this year despite a decline in prices caused by China’s ban on purchasing maize from Myanmar early this year.
— Myanmar Times

Sri Lanka, Myanmar trade hits USD 80 mn mark
The trade figures between Sri Lanka and Myanmar in 2018 was around USD 80 million, Ambassador of Myanmar, Han Thu said yesterday.
— Daily News

Groundbreaking ceremony for US Embassy liaison office in Myanmar
Hilton, together with the United States Embassy, jointly held a groundbreaking ceremony for the embassy’s liaison office in the capital city of Myanmar on Thursday.
— The Nation

Thai tourism fair attracts travel companies in Yangon
Hospital and wellness companies, airlines, restaurants and tour operators were key partners for the event.
— Myanmar Times

Ministry of Border Affairs: Ensuring no lapse in border areas and supporting ethnic development of the various regions of Myanmar
“While successive governments have endeavored for development along the country’s borders, they have still lagged behind due to various reasons. Thus, the Ministry of Border Affairs was established to ensure there was no lapse in the border and ethnic development of the various regions of Myanmar.”
— Global Newlight of Myanmar

The right to demonstrate? It depends who you are
Democracy activists who protest for peace risk a beating and time in jail but it’s a different story when hardline nationalists gather to express their views.
— Frontier Myanmar

Prisons Dept wants to hire 1500 people
The Myanmar Prisons Department plans to hire 1500 more people depending on the availability of funds, according to Colonel Kyaw Kyaw Min, Mandalay Region minister of Security and Border Affairs.
— Myanmar Times

UNODC-supported Alternative Development Coffee from Myanmar launched in French Parliament
In a pivotal moment for Myanmar’s burgeoning specialty coffee industry, the United Nations Office on Drugs and Crime (UNODC) and French coffee company Malongo today launched a new line of coffee, Shan Mountain Coffee, in the French Parliament.
— Global Newlight of Myanmar

Ooredoo Myanmar provides MMK 1.2 bln for education, social development
Ooredoo Myanmar has completed its 1-Minute-1-Kyat initiative and showcase Ooredoo’s commitment to education and social development. The 1-Minute-1-Kyat initiative, “The more you speak, the more Ooredoo will donate” was launched nationwide in September 2017.
— Telecompaper

ASEAN-ROK Commemorative Summit
The Government of the Republic of Korea (ROK) recently announced that the ASEAN-ROK Commemorative Summit will take place in Busan from Nov. 25-27 2019. This will mark the culmination of the New Southern Policy initiated by ROK President Moon Jae-in, which aims at furthering and deepening the ASEAN-ROK Strategic Partnership based on the three pillars of “People, Prosperity and Peace”.
— The irrawaddy

Exclusive: Chevron, investor reach deal on Myanmar shareholder resolution
Chevron Corp will put a focus on human rights in Myanmar under an agreement with an investor group that had urged it to pay more attention to violence in the Asian nation where the U.S. oil company has operations.
— Reuters

Why Myanmar’s New Insurance Market Opening Matters
Newly awarded insurance licenses offer a greater chance for economic development amid wider uncertainties.
— The Diplomat

Myanmar Strategic Receives Investment Permit For International School
Myanmar Strategic Holdings Ltd on Thursday said it received an investment permit from the Myanmar Investment Commission for the company’s first international school, Yangon American International School.
— Morning Star

 

Feature photo Refugees International

 

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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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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