Banking sector to strengthen, support economy in 2019: experts
The banking sector is expected to make strides forward this year as fiercer competition forces banks in Myanmar to level up.
— Myanmar Times
More than 3,000 locals from Rakhine State desert their homes
Up to 3,144 refugees from eight villages in Kyauktaw, Ponnakyun, Yathedaung and Buthidaung townships in Rakhine State are had fled their homes due to ongoing battles, said Ko Ko Lay, Chairman of the state red cross management committee.
— Eleven Myanmar
Changes in petroleum law could give Myanmar a boost in oil and gas investments
Changes in a petroleum law in Myanmar could help the Southeast Asian country attract investment in to the oil and gas sector, while reducing the growing strain on depleting domestic oil and gas reserves, according to a report by Fitch Solutions Macro Research.
— Business Times
Garments sector poised to boom in Pathein
Chinese investors have big plans for garment production at several industrial parks near the river port city of Pathein in western Ayeyarwady Region.
— Frontier Myanmar
Myanmar manufacturing PMI indicates solid improvement in December
Survey data in December indicated a solid improvement in operating conditions across the Myanmar manufacturing sector. The expansion was driven the fastest rises in output and new orders for seven months.
— Nikkei Asian Review (paywall)
Amata eyes Yangon for next foreign play
Amata VN Plc, a subsidiary of SET-listed industrial estate developer Amata Corporation, plans to develop a 50-square-kilometre plot in Yangon as its second foreign industrial estate in 2019.
— Bangkok Post
Myanmar Apex Bank rolls out new wealth management programme
Myanmar Apex Bank (MAB), a Myanmar-based bank, has unveiled a new wealth management programme in order to support the nation’s growing affluent client base.
Thousands flee clashes between Buddhist group and Myanmar army
Intensified fighting between a Buddhist armed group and Myanmar’s security forces has driven thousands of people from their homes in the country’s western Rakhine State over the past month, amid rising tensions in the area where the Rohingya crisis broke out in 2017.
India deports second Rohingya group to Myanmar, more expulsions likely
India on Thursday deported a Rohingya Muslim family of five to neighboring Myanmar, the second such group expelled in four months during a crackdown on illegal immigrants.
Zero budget, zero benefit?
A big increase in visitors from China has sparked rising concern over zero budget tours, including their reliance on coercive sales techniques and unlicensed travel guides.
— Frontier Myanmar
Vietnam’s FastGo commences operation in Myanmar
The ride-hailing startup is said to be the first ridesharing startup from Vietnam to expand to other country.
— Yahoo News
His Majesty sends congratulatory messages to Myanmar
HIS Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam has consented to send congratulatory messages to President of the Republic of the Union of Myanmar U Win Myint and State Counsellor and Minister of Foreign Affairs of the Republic
— Borneo Bulletin
Karen National Union Says Myanmar Peace Process is Moving in The Wrong Direction
Myanmar’s oldest insurgent group slammed the government’s peace process on Thursday, saying that is proceeding the “wrong way” in its aim to create a federal republic, one of the goals of numerous armed ethnic groups that have been engaged in civil war with national forces over the last seven decades.
— Radio Free Asia
Myanmar to celebrate its 71st Independence Day on 4th of January, 2019 and things to do in Yangon this weekend
As Myanmar gained her independence on 4th January, 1948 and the celebration is annually-held at Maha Bandula Park Yangon, there will be morning and evening events attended by State Leaders, Government Leaders, diplomats, local and international non-governmental organizations, and invited guests on the day.
Healthcare for the Rohingya people: traumatised by violence, trapped in squalor
Doctors of the World is helping to bring essential medical and psychological care to huge numbers of refugees who have fled Myanmar for Bangladesh, which is one reason The BMJ has chosen to support the charity for its Christmas appeal, as Sophie Arie writes. Please give generously
MAPCO to develop three major projects with Chinese support this year
In collaboration with China’s state-owned enterprise CITIC Group, Myanmar Agribusiness Public Corporation (MAPCO) is expected to start three business projects this year, said MAPCO Chair U Chit Khine during the company’s sixth anniversary celebration held at Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) building in Yangon on December 28.
— Myanmar Times
Bagmaker to pair on Myanmar orphanage
Vera Bradley is partnering with one of its overseas suppliers to build a new orphanage for 2,500 children living in Yangon, Myanmar.
— Journal Gazette
Feature photo Myanmar Fire Services Department
This week’s morning news photo focuses on the death, pain, and loss that typically occurs at this time of year on Asean roads due to drunk driving, speeding, and a failure to wear protective helmets when travelling on motorbikes.
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.
She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018