Myanmar morning news for January 9

Myanmar morning news for January 9

Myanmar morning newsMyanmar has to import 70% of cooking oil
Myanmar has to import about 70 percent of edible oil despite mass production in the past, said Deputy Minister for Commerce Aung Htoo.
— Eleven Myanmar

Myanmar Vows to ‘Crush’ Insurgents Who Attacked Police Stations
Myanmar says its army will “crush” an insurgent group that attacked four police stations in a western border region last week, the latest escalation in a tangle of slow-burning civil wars between the government and armed ethnic insurgencies.
— New York Times

Myanmar Reuters journalists’ appeal decision due Friday: lawyer
Two Myanmar Reuters journalists jailed for reporting on the Rohingya crisis should find out Friday if their appeal against their seven-year sentence is successful, their lawyer said.
— France 24

Consumers show strong interest in Myanmar products as import prices rise
Local producers were given an opportunity to display their ware at the Made in Myanmar trade fair held over the weekend in Kandawgyi Lake, Yangon.
— Myanmar Times

Withholding tax holds back gold exports
Despite permission to export Myanmar produced gold and gold jewellery, local traders have not taken advantage of the opportunity due to the withholding taxes involved, insiders said.
— Myanmar Times

Govt to earn K2,177 bn from oil and gas production, in royalties for pipeline connection this FY
The government has expected to earn K1,678 billion from offshore oil and gas production, K193 billion from inland oil and gas production and K306 billion in royalties for pipeline connection services in the current 2018-2019 fiscal year.
— Eleven Myanmar

Mytel aiming to get 10 million subscribers by year end
Mytel, Myanmar’s fourth telecommunications operator, wants to double its five million subscriber base in Myanmar by the end of the year, its president and CEO Le Dang Dung told Reuters last week.
— Myanmar Times

If Myanmar is to break an addiction to methamphetamine production that has seen it become one of the world’s largest suppliers there is one country above all others that must act: China.
— South China Morning post

China must act to stem Myanmar’s runaway meth trade: Report
China should rein in the methamphetamine-producing militias under its influence in eastern Myanmar and stem the flow of precursor chemicals fuelling the multi-billion-dollar drug trade, a report Tuesday (Jan 8) said.
— Channel NewsAsia

MAB launches premium banking service for affluent customers
IN response to the fast-growing segment of affluent customers in its client base, Myanmar Apex Bank (MAB), a leading private bank with 94 branches across the country, recently launched its first premium service for the rich, according to the bank’s senior executives.
— Eleven Myanmar

Myanmar: a country reluctant to help the world understand itself
Some have called Myanmar a struggling beauty. Without a doubt, the country is beautiful, home to a number of unique heritage sites. Yet it is also a country that claims it has been widely misunderstood.
— Lowy Institute

Singtel e-wallet Dash to roll out remittance service to Myanmar
SINGAPORE-BASED users of Singtel’s mobile payments platform Dash will be able to send money to Myanmar by March, thanks to a new grant agreement between the telco and the United Nations Capital Development Fund (UNCDF).
— Business Times

Benchachinda JV eyes double-digit growth in Myanmar
Myanmar Information Highway (MIH), a joint venture between Benchachinda Group and local companies that provides broadband Internet services in Myanmar, hopes to enjoy double-digit growth this year, according to PassakornHongsyok, the firm’s general manager.
— Eleven Myanmar

Steps to take to avoid being phished on Facebook
Phishing is one of the oldest types of cyber-attacks, where someone pretends to be someone they are not in an attempt to fool you into handing over personal information.
— Myanmar Times

Cambodia and Myanmar walk 2 paths on EU pressure
The European Union’s move to end trade preferences for Cambodia and Myanmar over human rights issues has spurred both countries to take drastic action. But while Cambodia has responded by easing political restrictions, Myanmar has turned to economic reforms to blunt the impact.
— Nikkei Asian Review (paywall)

Two-billion dollar Eco-Green City Project under way
The Construction Ministry will develop the Eco-Green City Project in Hlegu Township in Yangon in three phases.
— Eleven Myanmar

Shan State’s vast drug trade dominates its economy, says ICG
Illicit drug production in Shan State has become so large and profitable that it dwarfs the area’s formal economy and is hindering efforts to end ethnic conflicts, warns International Crisis Group.
— Frontier Myanmar

Deputy Information Minister receives civil society organizations facilitating Myanmar Digital Rights Forum
The Deputy Minister for Information, U Aung Hla Tun, received officials from the civil society organizations responsible for organizing the 3rd Myanmar Digital Rights Forum at the Ministry of Information yesterday.
— Global Newlight of Myanmar

TOM N TOMS Coffee shops from Korea to open in various places in Myanmar
TOM N TOMS, a cafe chain based in Korea, will be opening its outlets in Myanmar including at the Secretariat Building in Yangon, according to operation director Aung Sithu Khant from the Myanmar International Business Alliance Company.
— Eleven Myanmar

Police on high alert in Rakhine amid fears of more AA attacks
Police in Rakhine State are on high alert and have intensified security preparations to face the possibility of new attacks allegedly being planned by armed ethnic Rakhine group Arakan Army (AA), the country’s police chief said yesterday.
— Myanmar Times

Frustrated Farmers Give Melons Away as Border Checkpoint Remains Shut
Melon growers gave away around 50 tons of watermelons in Sagaing Region’s Monywa on Monday in a protest against the closure of a key border checkpoint for fruit exports in the Muse border trade zone on the Myanmar-China border.
— Irrawaddy

Fruit merchant bodies seek access to Chinese avocado market
Myanmar fruit merchants associations have asked for a legal export channel to China for avocados at the 17th Sino-Myanmar border trade expo held in Muse, and permission for export of the fruit is likely to be granted, said merchants at the Muse 105th mile trade zone.
— Global Newlight of Myanmar

Mon Community Leaders Building Drug-Treatment Center for Youth
Mon community leaders plan to build a rehabilitation center for drug-addicted youth in Ye Township, Mon State, Mon sources said.
— Irrawaddy


Feature photo Paul Arps


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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