Myanmar morning news for January 30

Myanmar morning news for January 30

Myanmar morning newsMyanmar to attract more than $200 billion investments over the next 20 years
Myanmar recently launched the Myanmar Investment Promotion Plan (MIPP) which aims to attract more than US$200 billion through responsible and quality business over the next 20 years, facilitating Myanmar’s transition to a middle-income country, said Myanmar State Counsellor Daw Aung San Suu Kyi at Invest Myanmar Summit 2019 on January 28.
— Eleven Myanmar

Gov’t takes steps to ease regulations in bid to attract foreign investment
U Thaung Tun, the Union Minister for Investment and Foreign Economic Relations and the Chairman of the Myanmar Investment Commission, attended the second day of the Invest Myanmar Summit 2019 in Nay Pyi Taw, and re-affirmed plans to establish standard operating procedures (SOPs) and a Land Bank to ease investment procedures.
— Global Newlight of Myanmar

Myanmar official suggests downsizing or relocation of dam that frayed China ties
A top Myanmar investment official on Tuesday (Jan 29) suggested alternatives such as scaling back or relocating a stalled Chinese-backed dam project that has strained ties between the neighbours.
— Channel NewsAsia

Government to allow more imports of used bicycles this year
Due to the local demand, the importation of used bicycles will be allowed this again year, said U Khin Maung Lwin, assistant secretary of the Ministry of Commerce’s Department of Trade.
— Myanmar Times

Domestic gold price hits record high tracking positive global trend
With the price of the yellow metal strengthening in the global markets, domestic gold prices too have registered an increase to touch a record high of K1,059,000 per tical (0.578 ounce) on 28 January, said U Ohn Myaing, the general secretary of Myanmar Gold Entrepreneurs Association.
— Global Newlight of Myanmar

Myanmar Institute of Business acquired by financial adviser
Yangon financial adviser Trust Venture Partners (TVP) has acquired the Myanmar Institute of Business (MIB), an education and training provider for professionals in financial services, for an undisclosed amount.
— Myanmar Times

Myanmar Suu Kyi’s party set to challenge army-drafted charter: sources
Myanmar’s ruling party was set on Tuesday to propose changes to the constitution, a member of parliament and a party source said, its biggest challenge in nearly three years to the military’s power over politics as enshrined in the charter.
— Reuters

LIP Ministry, ILO evaluate labour migration projects
Ministry of Labour, Immigration and Population and International Labour Organization (ILO) with the support of Australia’s Department of Foreign Affairs and Trade (DFAT), Global Affairs Canada (GAC), Developing International Internal Migration Governance (DILM) and Livelihood and Food Security Trust Fund (LIFT) hold a Labour Migration Stakeholders meeting at Thingaha Hotel, Nay Pyi Taw yesterday morning.
— Global Newlight of Myanmar

Unicef boss urges Myanmar to enact Kofi Annan’s recommendations on Rohingya crisis
The head of the UN children’s fund urged Myanmar on Monday to implement the recommendations of a panel on the Rohingya crisis led by former UN head Kofi Annan, saying it had yet to create conditions right for the return of refugees from Bangladesh.
— The Daily Star

Vinamilk to open plant in Myanmar, its 2nd in Southeast Asia
Vietnam’s biggest dairy company plans to open a plant in Myanmar this year and is preparing to enter Indonesia and China.
— VnExpress

Myanmar’s fading democratic sheen
When Aung San Suu Kyi and her National League of Democracy (NLD) party won the general elections in 2015, a new wave of hope swept Myanmar. Previously under a military junta for almost 50 years from 1962 to 2011, Nobel Peace Prize winner Suu Kyi and her cohort represented the change the country so badly needed; a shift from military dictatorship to a functioning democracy.
— The Asean Post

Myanmar Moves to Pursue Constitutional Change to Curb Military Role
Lawmakers took a first step Tuesday toward amending Myanmar’s constitution to curb the power of the military, a difficult process that risks straining the uneasy relations between the civilian leadership and the armed forces.
— Wall Street Journal

Myitsone project may go head, but size, scale or location could change
Negotiations are underway to change the size, scale or location of the Myitsone dam project in Kachin State, U Thaung Tun, Minister of Investment and Foreign Economic Relations, told the media at the Myanmar Investment Summit in Nay Pyi Taw this morning.
— Myanmar Times

Myanmar man captured by Tak villagers, charged after allegedly trying to rape 3-year-old
Villagers in Tak’s Phop Phra district attacked and captured a drunken Myanmar man after he had allegedly attempted to rape a 3-year-old Myanmar girl on Monday morning.
— The Nation (very annoying popup)

Urgent proposal for charter change to be submitted this afternoon
An urgent proposal to amend the controversial 2008 Constitution is going to be submitted to the Bicameral Union Parliament (Pyidaungsu Hluttaw) later Tuesday, Union Parliament Speaker U T Khun Myat said.
— Myanmar Times

Grab to launch shuttle bus services in Yangon this year
Southeast Asia’s technology company Grab will expand its offerings in Myanmar by launching bus services in Yangon, as part of its 2019 plan to improve user experience in the frontier country.
— DealStreetAsia

Hyundai Motor Myanmar to open Shwe Daehan Motors Factory and launch new model
Hyundai Motor Myanmar, official sole distributor of Hyundai Motor in Myanmar, will hold the grand opening of Shwe Daehan Motors, official sole car parts installation factory of Hyundai Motor Myanmar, and the launching ceremony of the all new Accent at the Hyundai Showroom on February 8.
— Myanmar Times

Muse rice depot to close during Chinese New Year
The Muse rice depot will be closed for 12 days when merchants stop purchasing rice from Myanmar during the Chinese New Year.
— Global Newlight of Myanmar

Myanmar releases 14 out of 15 Acehnese fishermen
Myanmar authorities released 14 of the 15 Acehnese fishermen detained on November 6, 2018, and handed them over to the Indonesian Embassy in Yangon, Myanmar, Panglima Laut (customary sea commander) of Idi Region, East Aceh District, stated.
— Antara

UEC to promote participatory role of the disabled in elections
Union Election Commission (UEC) plans to step up its efforts to hold public educative programs for the inclusiveness of the people with disabilities in the 2020 General Election, said Hla Thein, Chair of the UEC, at the 4th Regional Disability Rights Dialogue held at Park Royal Hotel in Yangon on January 28.
— Eleven Myanmar

Myanmar soldiers and Arakan Army troops exchange fire
Myanmar soldiers and Arakan Army troops exchanged fire for four hours Monday morning near Ohn Chaung village in Rakhine state’s Rathedaung township, with soldiers returning with border guards later in the day to search homes, RFA reported quoting residents.
— Mizzima

Cambodia-Myanmar to Co-chair Joint Commision for Bilateral Cooperation
His Excellency Prak Sokhonn, Deputy Prime Minister, Minister of Foreign Affairs and International Cooperation of the Kingdom of Cambodia, will lead a delegation to attend and co-chair the 2nd Meeting of Cambodia-Myanmar Joint Commission for Bilateral Cooperation (JCBC) from 31 January to 1 February 2019, in Nay Pyi Taw, at the invitation of His Excellency U Kyaw Tin, Union Minister for International Cooperation of the Republic of the Union of Myanmar, according to the ministry’s press release dated Tuesday.
— Fresh News

Fraudster arrested for deceiving Myanmar workers into getting jobs in Thailand
The broker who obtained money from 22 Myanmar workers arriving in Thailand by tricking them into getting jobs have been arrested and the cash has been seized from him, according to a statement released by Myanmar Overseas Employment Agencies Federation (MOEAF) based in Bangkok.
— Eleven Myanmar

 

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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