Myanmar morning news for January 28

Myanmar morning news for January 28

Myanmar morning newsMyanmar to repay about 700 million USD debt in 2018-19 FY
Until 2059-2060 fiscal year, Myanmar is expected to repay original loans and interests for the total external debt of 10.20 billion USD, according to Union Parliament Public Joint Accounts Committee’s the findings and report on the mid-term debt management strategy 2018.
— Eleven Myanmar

Why China’s BRI is a win-win for Myanmar
Reading news reports coming out of Myanmar, I am always taken with the debate over the impact of China’s Belt and Road Initiative (BRI).
— AEC News Today

Myanmar’s first LGBT pride boat parade sets sail
Rainbow flags flew high and gay anthems blasted out over Rangoon’s river as a flotilla of boats took to the water of Myanmar’s biggest city on Saturday for the country’s first-ever Pride boat parade in a sign of growing acceptance for LGBT rights.
— Bangkok Post

Myanmar seizes 63 tons of illegal timber in forest reserve
Myanmar forest authorities have seized 63 tons of illegally harvested timbers from a forest reserve in southern Bago region, the official Global New Light of Myanmar reported Sunday, quoting the Forest Department.
— Xinhua

Import value of CMP raw materials hit over $600 in three months
CMP (Cut-Make-Pack) businesses have imported raw materials worth over US$600 million over the past three months in the current 2018-2019 fiscal year, exceeding nearly US$100 million compared to the same period of last FY, according to the Ministry of Commerce.
— Eleven Myanmar

Freshly harvested green gram fetches high price in Yangon market
Newly harvested green gram has begun entering the market in the Thongwa Township of Yangon Region, with growers selling it at a high price, according to wholesalers.
— Global Newlight of Myanmar

Exports exceed $4 bln in Q1
Myanmar’s exports between 1 October and 11 January in the 2018-2019 fiscal year touched a high of over US$4 billion, a rise of nearly $284 million compared with the corresponding period of the previous fiscal, according to data from the Ministry of Commerce.
— Global Newlight of Myanmar

Grab Myanmar unveils new services, expansion plan
Following its substantial growth last year, Grab, a Singapore-based technology firm providing the most popular ride-hailing service in Myanmar, announced on Thursday its plans for expansion in the market, according to Alvin Loh, acting country manager of Grab Myanmar.
— The Nation (very annoying popup)

Yangon Region gold body seeks Mining Dept license for mobile trading platform
The Yangon Region Gold Entrepreneurs Association has sought a license for gold trading through its mobile application from the Department of Mines, under the Ministry of Natural Resources and Environmental Conservation, said U Myo Myint, the chair of the association.
— Global Newlight of Myanmar

Myanmar needs to improve its education system, says Suu Kyi
During a visit to Sagaing Region this week, Myanmar State Counsellor Aung San Suu Kyi spoke of the importance of improving the country’s education system to fit in with a changing world.
— Mizzima

CPI attempts to bribe MP to keep silent about Myitsone dam project
Upper House MP J Yaw Wu from the National Unity Party representing Kachin State Consitiuency-1revealed he refused to accept the bribe from the Chinese Power Investment (CPI) Compnay in order to keep silent about the Myitsone Dam Project, at a press conference at Real Link Hotel in Yankin Township in Yangon on January 26.
— Eleven Myanmar

Prosecute Myanmar army chief for Rohingya ‘genocide’: UN envoy
UN rights envoy Yanghee Lee says holding perpetrators to account for crimes is necessary before refugees could return.
— Aljazeera

Surveys show sharp decline in illegal trade since launch of crackdown
Many positive results have been obtained since China implemented a total ban on ivory processing and sales in its domestic market in January last year, according to scholars and relevant institutions.
— Mizzima

Chinese digital ecosystems go global: Myanmar and the diffusion of Chinese smartphones
Myanmar’s recent economic opening has prompted a dramatic upsurge in access to mobile phone and Internet technologies.
— Hongkong FP

Vinamilk to launch Myanmar factory to accelerate foreign expansion
Vietnam Dairy Product, also known as Vinamilk, will open its first dairy factory in Myanmar in 2019 to meet increasing demand for its products, said a source close to the company in Ho Chi Minh City this week.
— Nikkei Asian Review (paywall)

Myanmar-China Friendship Association offers scholarships to 88 Myanmar students
The Myanmar-China Friendship Association on Saturday offered scholarships to 88 Myanmar outstanding needy students.
— Xinhua

18 people detained in west Myanmar over attempted illegal immigration
A total of 18 people from villages and internal displaced persons camps in Sittway, Myanmar’s Rakhine state, have been prevented from illegal immigration to Malaysia, Myanmar News Agency reported Sunday.
— China.org

BMW introduces model BMW X5 in Myanmar
BMW, an automobile company from Germany, introduced BMW X5 in Myanmar at the Yangon Convention Center in the compound of Inya Lake Hotel on January 23.
— Eleven Myanmar

Myanmar exec lauds ‘effective’ functions of PCOO agencies
The chief of Myanmar’s Ministry of Information on Saturday lauded the “effective” functions of state-run media organizations in the Philippines.
— PTV News

Amid Renewed Violence In Myanmar’s Rakhine State, Arakan Army Returns To Spotlight
In recent weeks, Myanmar has seen renewed violence between security forces and an insurgent group called the Arakan Army. Since fighting broke out in Rakhine state in December, at least 26 military personnel and Arakan Army fighters have died and some 5,000 civilians have been displaced, according to the United Nations. It’s the group’s most prolonged period of violence with the military since its founding a decade ago.
— NPR

Meet the woman who’s turning Myanmar’s street children into chefs
Ma Khin started a restaurant to shelter and train street kids, and it has involved the occasional heartache but also fulfilment. She is one of CNA’s Champions for Change.
— Channel News Asia

Stiletto races and hula hoops at Pride festival in Myanmar
Contestants ran a stiletto race and swirled hula hoops at a park in Myanmar’s biggest city on Sunday in the Drag Olympics as a highlight of the Yangon Pride festival.
— Reuters

How likely are Myanmar’s generals to face prosecution for genocide?
UN Special Rapporteur for Human Rights in Myanmar, Professor Yanghee Lee, on Friday called for the Myanmar Army Chief, Senior General Min Aung Hlaing, to be prosecuted for genocide against the Rohingya.
— Dhaka Tribune

Myanmar achieves new early warning and disaster risk reduction capacity milestones
The Government of the Union of Myanmar is celebrating significant milestone achievements as it embarks upon the second half of a two-year, USAID-funded capacity development project in partnership with the Pacific Disaster Center (PDC) and the Association of Southeast Asian Nations’ AHA Centre.
— Reliefweb

 

Feature photo Stefan Munder

 

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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