Myanmar morning news for January 29

Myanmar morning news for January 29

Myanmar morning newsAung San Suu Kyi to investors: Myanmar is open for business
Myanmar leader Aung San Suu Kyi on Monday (Jan 28) urged global investors to put their money into Myanmar, seeking to offset the negative impact of the Rohingya crisis and slow pace of economic reforms.
— Channel NewsAsia

Mandalay moves closer to e-government with data centre
The Mandalay regional government has launched a data centre as part of its efforts to implement an e-government system.
— Myanmar Times

Fish export prices remain low
From April to December, 2018, the fish export prices are relatively low compared with the same period last year, said Win Kyaing, Secretary General of Myanmar Fishery Federation (MFF).
— Eleven Myanmar

Myanmar’s zero-tolerance drug policy is doomed to fail
Myanmar is not waging a war on drugs. It is waging a war on the people who consume illicit drugs, and those who sell them in relatively small quantities
— Frontier Myanmar

Myanmar seizes 63 tons of illegal timber
Myanmar forest authorities have seized 63 tons of illegally harvested timbers from a forest reserve in southern Bago region.
— Khmer Times

City Mart and Sandanila Investments launch City Invest Fund
City Mart Holding Co Ltd (CMHL) in conjunction with Sandanila Investments will be launching the City Invest Fund, which will be an investor and partner to small and medium-sized enterprise (SME) food manufacturers.
— Myanmar Times

PTTEP investment budget of $3,256 mln for 2019 includes Zawtika project, exploration
The PTT Exploration and Production Public Company Limited (PTTEP) has announced a five-year investment plan (2019-2023) to add value to legacy assets through exploration and production (E&P) activities and to support investment opportunities in areas rich in petroleum to sustain the company’s long-term growth.
— Global Newlight of Myanmar

New direct flight links Mandalay to China’s Mangshi
A new direct flight linking the border city of Mangshi, in southwest China’s Yunnan Province to Mandalay of Myanmar will be launched at the end of this month, Xinhua reports.
— Mizzima

Expiring mine permits should be renewed under new gemstone policy: insiders
Mining permits for some 1000 jade and gemstone blocks across Myanmar will expire this month, according to the Ministry of Natural Resources and Environmental Conservation (MONREC).
— Myanmar Times

Gov’t Plans To Set Up Coast Guard under Civilian Control
The Myanmar government is planning to establish a coast guard under the control of the civilian government, not the military, according to Union Minister for Transport and Communications U Thant Sin Maung.
— The Irrawaddy

China, Mandalay firms moot joint venture for eel farming
With plans to set up a joint venture for eel farming in the Mandalay Region, a group of 15 businessmen from China met with local entrepreneurs in the first week of this month to discuss the market conditions and stages of farming, according to the Agriculture and Market Information Agency.
— Global Newlight of Myanmar

Yoma Strategic raises US$70 million in debut bond sale
Yoma Strategic Holdings has raised THB2.3 billion (US$70 million) from Thai institutional investors in the first foray of a Myanmar-focused company into the corporate bond market.
— Myanmar Times

2018 Tourist Numbers Rise Slightly, Chinese Up 38%
Chinese arrivals in Myanmar increased by 38 percent last year compared to 2017, and topped the list of travelers to Myanmar, deputy director-general of the Ministry of Hotels and Tourism, Daw Khin Than Win, told The Irrawaddy.
— The Irrawaddy

Bangladesh seeks China’s support to nudge Myanmar on Rohingya issue
Foreign Minister AK Abdul Momen has sought China’s “strong support” so that Myanmar moves in the “right direction” for resolving the Rohingya crisis.
— BD News24

2 girls taking photos fall to their deaths at waterfall in Myanmar
Two young girls taking photos on the top of a waterfall in Kawkareik, Myanmar’s south-eastern Kayin state, fell down and died, the official Global New Light of Myanmar reported on Monday (Jan 28).
— The Straits Times

Invest Myanmar Summit 2019 kicks off in Nay Pyi Taw
The two-day Invest Myanmar Summit 2019 kicked off here Monday to provide local and international investors with opportunity to explore investment potential in the country.
— Xinhua

Lancang-Mekong cultural exchange youth camp launched in Myanmar
A Lancang-Mekong Cultural Exchange Youth Camp was launched in Myanmar’s northern city of Mandalay Monday with the aim of enhancing cooperation between cultural groups and youth artists from six Lancang-Mekong countries.
— Xinhua

Bagan ready for heritage listing experts
The Department of Archaeology and National Museums is ready to answer questions on the Bagan heritage area from the International Council on Monuments and Sites (ICOMOS), says the department’s director.
— Myanmar Times

After Exchange of Gunfire in Northern Rakhine Village, Myanmar Army Returns to Loot Homes
Myanmar soldiers and rebel Arakan Army troops exchanged fire for four hours Monday morning near Ohn Chaung village in restive Rakhine state’s Rathedaung township, with soldiers returning with border guards later in the day to search and loot homes, residents said.
— Radio Free Asia

Areca nuts pile up at Indian border
Myanmar is facing a glut of areca, or betel nuts in border trading areas near India due to an influx of the product from Indonesia even as the Indian government continues to limit the import of agricultural goods from Myanmar, traders say.
— Myanmar Times

More locals abandon their homes in Kyauktaw
More locals from villages in upper Yochaung area in Kyauktaw Township are abandoned their homes as they have been restricted by the army to carry food supplies, sources said.
— Eleven Myanmar

Yangon factory threatens to dismiss striking workers
The South Korean-owned bag-manufacturing factory, CMF, has warned striking workers to return to work by Tuesday or face dismissal, a senior company official said on Sunday.
— Myanmar Times

Stilettos, hula hoops and Drag Olympics: Myanmar’s pride festival goes public amid slow progress on LGBT rights
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.
— South China Morning Post

Two years on and still no justice for U Ko Ni
Daw Aung San Suu Kyi’s legal adviser U Ko Ni was assassinated two years ago today, but the perpetrators have yet to be brought to justice.
— Myanmar Times

First Myanmar offshore bond printed
Yoma Strategic Holdings has priced the first cross-border bond issuance by a Myanmar-focused company in the Thai capital market amounting to 2.22 billion baht (US$70 million).
— The asset

 

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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