Myanmar morning news for January 31

Myanmar morning news for January 31

Myanmar morning newsRice export earnings fetch over 642 million USD in over nine months
From April to, 2018 to January 18, 2019, Myanmar earned 642.763 million from exports of over 1.92 million tons of rice and broken rice, according to the Trade Department.
— Eleven Myanmar

‘Will work for an investment-friendly environment through reform works’ – State Counsellor
State Counsellor Aung San Suu Kyi said that they would implement an environment to bring investment to the country through reform works.
— Mizzima

Govt. signs two MoUs to produce electricity and sugar in Sagaing
Sagaing Region government is signed MoUs to produce electricity from biomass and sugar in the region during Invest Myanmar Summit 2019 held at Nay Pyi Taw, sources said.
— Eleven Myanmar

Chairman of Myanmar’s investment commission suggests alternatives for Myitsone Dam
The chairman of Myanmar’s investment commission on Tuesday suggested alternatives such as downsizing or relocating a stalled Chinese-backed dam project that has strained ties between the two countries, Reuters has reported.
— Mizzima

More than 270 candidates to run for YCDC election
More than 270 candidates including political party members have submitted their applications to run for the Yangon City Development Committee’s election, said Aung Khaing, chair of Yangon City Development Committee Election on January 29.
— Eleven Myanmar

Myanmar’s progress towards a bond market boon to private, state firms
MYANMAR has been pursuing its “Capital Markets Development Roadmap” since 2008 to set up a bond market. The country is on the correct path, but now it needs traffic in the form of corporate bond issuers and both foreign and domestic investors.
— Business Times

Myanmar Mulls Options to Keep Suspended Chinese Dam Project Alive
Myanmar’s government is working to find a solution on how to proceed with the controversial Chinese-backed Myitsone Dam project in Kachin state, suspended in 2011 amid heavy public opposition to its environmental and social impact, according to a government minister.
— Radio Free Asia

Policy reforms depend on good implementation, UMFCCI says
Myanmar’s largest business lobby group suggested that the government should focus on improving policy implementation and that further liberalisation is necessary for attracting investments.
— Myanmar Times

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

Myanmar moves toward amending constitution
Myanmar’s parliament has approved a proposal for the establishment of a committee to draw up amendments to the country’s constitution, which currently gives strong political power to the military.
— NHK World

NLD faces stiff opposition from military MPs over charter amendment proposal
The National League for Democracy (NLD) faced a heated response from Tatmadaw (military) legislators as it made its first bid to amend the military-drafted 2008 Constitution in parliament.
— Myanmar Times

An insider guide to Ngapali: 5 ways to explore Myanmar’s top beach getaway
With its turquoise blue waters and stunning sunsets, Ngapali, Myanmar’s most popular beach, is thriving as a holiday spot. It’s countryside vibe, well-preserved culture and local attractions cater to all manner of travellers from wedding parties and business guests to FITS and backpackers.
— Travel Daily

Index Creative Village focuses on Myanmar in overseas expansion
DESPITE THE reluctance of many foreign companies to invest large amount of money in Myanmar in fear of policy uncertainty, Index Creative Village Plc is expanding its business in the country, according to Kreingkrai Mek Kanjanapokin, founder and Group CEO of the company.
— The Nation (very annoying popup)

Telenor Myanmar turns to net loss in Q4, loses 800,000 customers
Telenor Myanmar posted an operating loss of NOK 43 million for the fourth quarter of 2018, compared to an operating profit of NOK 347 million in the year-ago period. The operator’s total revenues for the quarter amounted to NOK 1.25 billion, down from NOK 1.59 billion in the same period the previous year.
— Telecompaper

EDOTCO MYANMAR LEADS WITH SUSTAINABLE TELECOM INFRASTRUCTURE
EDOTCO Myanmar Limited, an integrated telecommunications infrastructure services company, reinforces its commitment to championing sustainable telecommunications infrastructure as it kicked off two projects focused on using renewable energy to increase operational and energy efficiencies as well as reduce operating expenditures while staying environmentally friendly.
— Digital NewsAsia

MPT, NGOs launch clean water projects in Myanmar
Myanmar operator MPT has announced that it is teaming up with NGO partners, Network Activities Group (NAG) and Bridge Asia Japan (BAJ) to
— Telecompaper

Myanmar migrants’ long journey to Malaysia halted in Chumphon
Police and soldiers in Chumphon on Tuesday night arrested 37 people from Myanmar who were waiting to be taken onward to Malaysia.
— The Nation (very annoying popup)

New services to fuel Grab’s leadership in ride-hailing market
Following its substantial growth last year, Grab, a Singapore-based technology firm providing the most popular ride-hailing service in Myanmar, recently announced its plans for expansion in the market, according to Alvin Loh, acting country manager of Grab Myanmar.
— Eleven Myanmar

Happy Chinese New Year 2019 Gala Show held in Yangon, Myanmar
Artists from Myanmar perform at the Gala Show of Paukphaw Carnival for Happy Chinese New Year 2019 in Yangon, Myanmar, on Jan. 30, 2019.
— Xinhua

Myanmar’s tribes showcase culture
Myanmar’s first-ever Ethnic Culture Festival, which ended yesterday, saw 135 different ethnic groups gather to showcase their traditions and culture.
— The Straits Times

Investors, business tycoons, and magnates share outlook, ideas at Invest Myanmar Summit off to a great start
The Invest Myanmar Summit 2019 is off to a roaring start in Nay Pyi Taw, offering local and foreign investors opportunities for business and investment through a single window and one-stop facility, and a platform to interact with each other, obtain information, and exchange ideas one-on-one with the business elite.
— Global Newlight of Myanmar

Dam project may go ahead, but 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.
— Myanmar Times

Supporting inclusivity in the peace process for everyone in Myanmar
If a peace process is to lead to a peace supported by the entire country, everyone needs to be involved in making it. But often groups, such as people living with disabilities are excluded from this vital national conversation. iSchool-Myanmar is working to change this: with the support of the Joint Peace Fund, it is running a project on peace education for marginalized groups of people in Central Myanmar.
— Reliefweb

Deals on heavy wheels for Chinese New Year
Mitsubishi Fuso Truck and Bus Corporation, a subsidiary of German automotive giant Daimler AG, is set to expand its footprint in Myanmar with the opening a major showroom in Yangon that is expected to be open by the end of this year.
— Myanmar Times

 

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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