Myanmar morning news for March 28

Myanmar morning news for March 28

Myanmar morning newsMyanmar — investors should be cautious but take the risk
A humanitarian crisis that has been brewing at the border between Myanmar and Bangladesh since 2016 is reaching a critical point. At Cox’s Bazar, just inside Bangladesh, an estimated 740,000 displaced Muslim Rohingya from Myanmar’s Rakhine State are encamped in temporary shelters, hoping that the international community will take them in as refugees or facilitate their safe return to the homes they claim in Myanmar.
— Nikkei Asian Review

New export strategy launched, but barriers remain
With export revenues having only increased by around US$2 billion over the past five years, Myanmar is aiming to boost its exports in the next five years by adding new sectors to its National Export Strategy (NES).
— Myanmar Times

Local investment reaches to over Ks4 B in real estate sector
Local investors put over Ks4 billion in real estate sector and it is over 24 per cent of total investment in Myanmar by local investors, according to Directorate of Investment and Companies Administration (DICA).
— Eleven Myanmar

MRF decides to keep basic price of paddy at K500,000 per 100 baskets
The Myanmar Rice Federation declared on Tuesday that it will purchase paddy at the existing basic rate, which was set last year.
— Global Newlight of Myanmar

Digital transformation to drive Microsoft’s growth in Myanmar
DRIVEN by the need for digital transformation in both public and private sectors in Myanmar, Microsoft Corporation, a US technology giant, is confident of rapid growth in the country, according to Sonia Bashir Kabir, managing director of Microsoft for Bangladesh, Myanmar, Nepal, Bhutan and Laos.
— Eleven Myanmar

Growth, living standards to rise as Mandalay aims to be second growth engine
Living standards in Mandalay Region are expected to rise this year with per capita GDP rising to K1.7 million compared to K1.5 million in the past, said regional chief minister U Zaw Myint Maung at the Mandalay International Trade Fair and Business Forum held on March 23.
— Myanmar Times

Fifty-four more permanent residency applications granted
Myanmar authorities have granted 54 more permanent residency applications in the country, Xinhua reported.
— Mizzima

Land Lost, Families Uprooted as Myanmar Pushes Industrial Zones
Than Ei lived in the Thilawa area near Yangon for years, growing vegetables in her backyard and sending her two children to school with money from her husband’s construction job.
— VOA

Myanmar Digest: MCB in pacts for money transfer service; Sea Lion’s $10m facility
Myanmar Citizens Bank is planning to expand its money transfer service internationally by partnering with US-based MoneyGram and London’s TransferTo. On the healthcare side, Myanmar’s Sea Lion has launched a $10-million distribution centre in South Dagon township.
— DealStreetAsia

Myanmar real estate service law to be enacted within three months
The Pyidaungsu Hluttaw will approve a real estate service law within three months, said U Tin Maung Win, chair of Transport, Communication and Construction Committee at Myanmar Real Estate Services Association annual meeting on March 23.
— Myanmar Times

Private firm launches sport initiative in Myanmar amid surging demand
IN RESPONSE to the surging demand for sports events in major cities, a group of young entrepreneurs have come together to establish a company named LA Sports and Entertainment Co to encourage the new blood in Myanmar’s sports scenario, according to Aung Ye Maung Maung, the firm’s managing director.
— Eleven Myanmar

Myanmar’s military official stresses 3 key capabilities on 74th Armed Forces Day
A military parade to mark the 74th Armed Forces Day was held in Myanmar’s capital Nay Pyi Taw on Wednesday.
— Xinhua

Myanmar nuns protect young women from traffickers
In a remote village near the town of Tachileik on the Myanmar-Thai border, a center run by nuns welcomes girls and women who are at risk of being trafficked or who live in fear of physical or sexual abuse.
— UCA News

Military Warns Against ‘Illegal’ Charter Change Efforts
YANGON—Myanmar military deputy chief Vice Senior General Soe Win warned that ongoing attempts to reform the Constitution must be constitutional to avoid “unnecessary political hardship and its spillover effects” in a speech to mark the nation’s 74th Armed Forces Day on Wednesday.
— The irrawaddy

Helping developing countries reach the next level
Countries in Asia need private investments for SMEs to help them compete with international businesses and implement sustainable development that will lift the nations from the morass of the global recession, according to an Asian Development Bank report.
— Global Newlight of Myanmar

Myanmar appoints 3 new regional ministers for southern region
The Myanmar government has appointed three new regional ministers to fill the vacant posts in the country’s southern Tanintharyi region, the President’s Office issued the order on late Tuesday.
— Xinhua

Efforts to curb illegal bottling of water
The government will take action against people and businesses bottling water improperly for sales to the public in Yangon, says U Ye Htut Oo, chair of the Myanmar Drinking Water Entrepreneurs Association.
— Myanmar Times

Thousands displaced as fighting escalates in Myanmar
More than 16,000 people have been forced to flee their homes as fighting has raged in recent weeks between Myanmar’s military and the Arakan Army in Rakhine State.
— UCA News

ENGIE targets solar mini-grids in Myanmar with Mandalay Yoma
ENGIE has teamed up with a Myanmar-focused off-grid energy specialist to help spur rural electrification across the Southeast Asian country with mini-grids combining PV, diesel and battery storage.
— Pv Tech

Myanmar : Technical Assistance Report-Monetary Operations
This aide-mémoire covers the four visits to Myanmar between February and May 2018 by Mr. Jun Iwasaki, Regional Advisor in Monetary and Foreign Exchange Operations for the IMF’s Monetary and Capital Markets Department (MCM) in TAOLAM.
— Ein News

Rising to the challenge of dealing with disabilities
Recounting her life, tears welled up in the eyes of Daw Khin Mar Aye.
— Myanmar Times

Military parade to mark 74th Anniversary of Armed Forces Day held in Nay Pyi Taw
Deputy Commander-in-Chief of Defence Services Commander-in-Chief (Army) Vice-Senior General Thiri Pyanchi Soe Win attended the 2019 74th Anniversary Armed Forces Day military parade held on the Nay Pyi Taw parade ground yesterday morning and took the salute of the parading forces and delivered a speech on behalf of the Tatmadaw Commander-in-Chief Senior General Maha Thayay Sithu Min Aung Hlaing.
— Global Newlight of Myanmar

Distinctive Ethnic Cultures and Misty Mountain Towns — Destination Guide to Western Myanmar
Usually accessed by flight from Yangon and with many high-end hotels, Ngapali is known as a more upscale seaside getaway. Sunsets can be especially spectacular from this beach which has been dubbed one of Asia’s best. Though you’re likely to spend most of your time relaxing on the white-sand beaches or under the shade of coconut trees dining on fantastic seafood, visitors can also go snorkeling, diving or take a boat trip.
— The irrawaddy

Fighting in Myanmar’s Rakhine Estimated to Have Displaced 22,000 People
Intense fighting this week between Myanmar forces and the rebel Arakan Army (AA) in Rakhine state’s Buthidaung and Rathedaung townships has displaced 2,000 villagers, raising the prospect of additional food and water shortages in the war-torn region, relief and disaster management workers said Wednesday.
— Radio Free Asia

MYSAP ties up with Malaysian company for crab hatchery trial
The Myanmar Sustainable Aquaculture Programme will operate a crab hatchery on a trial basis in April in Labutta Township, Ayeyawady Region, with the help of a Malaysian crab farming company. Through the trial, MYSAP hopes to distribute crab larvae and share technology with breeders.
— Global Newlight of Myanmar

Jailed Myanmar Reporters Miss Family Milestones
When three-year-old Moe Thin Wai Zan asks why her dad has to stay at the prison in Myanmar’s main city of Yangon, her mom tells her he is working there to provide for the family.
— VOA

Myanmar Military Urges Go-Slow on Constitutional Changes That Would Dilute Its Power
The deputy commander-in-chief of the Myanmar military on Wednesday said the country’s constitutional reform efforts should be in line with existing law, and warned that any effort to change the constitution, written by the military to guarantee its political dominance, through popular power rather than legal means would disrupt Myanmar’s stability.
— Radio Free Asia

 

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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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