Myanmar morning news for May 6 2019

New Yangon port to be constructed as trade volumes rise
Adani Yangon International Terminal is developing a container terminal in Ahlone township, which is by the Yangon River, in anticipation of higher trade volumes in the coming years.
— Myanmar Times

High-speed train system to appear in Yangon soon
Yangon is the largest economic centre across the country and its transport systems are also essential to economic activities and quality of life of its people. At a time when Yangon is making strenuous efforts to develop a world-class metropolitan, urban public transportation plays a leading role.
— The Global New Light of Myanmar

Myanmar Central Bank Warns Against Cryptocurrency Trading
Myanmar’s apex bank is sounding a note of warning to citizens against the dangers of trading with cryptocurrency. Per the report from The Irrawaddy May 03, 2019, the country’s central bank frowns on the use of virtual currencies, as there have been reports of digital currency scams by inexperienced victims.
— BTC Manager

FDI inflow expected to hit nearly six billion USD this FY
The inflow of foreign direct investments (FDI) is expected to hit nearly six billion US dollars in 2018-2019 fiscal year, according to Myanmar Investment Commission (MIC).
— Eleven Myanmar

New Hydropower Developers’ Association to drive sustainability in Myanmar
A new industry association is launching in Myanmar to promote sustainable development in the hydropower sector. The Myanmar Hydropower Developers’ Association (MHDA) is an innovative platform for hydropower companies and industry professionals to support dialogue, influence sector policies.
— The Global New Light of Myanmar

CPI increases by 7.92 PC in late March
Consumer Price Index (CPI) in late March reached 150.13 per cent, up 7.92 per cent compared with the same period last year, according to the report on the CPI and inflation rate issued by the Central Statistical Organization (CSO).
— Eleven Myanmar

From beans to gooseberry, rice-mad Myanmar eyes healthier diet
Opening the lid of her rice cooker, a luxury bought when power finally came to their village in central Myanmar three years ago, Tin Aye scooped out two fat ladles for breakfast.
— Malay Mail

UN calls for calm, restraint by all in Rakhine
Acting UN resident and humanitarian coordinator in Myanmar Knut Ostby has called for calm and utmost restraint by all, protection of civilians under all circumstances, and respect for international humanitarian and human rights law in Rakhine.
— Newagebd

Skills training centre planned for Myanmar women who want to work here as domestic helpers
The Foreign Domestic Worker Association for Social Support and Training (Fast), a Singapore non-profit organisation, is in talks with the Myanmar government to set up a skills training centre in Myanmar for women who wish to work as domestic workers in Singapore.
— The Straits Times

Security-tech companies once flocked to Myanmar. One firm’s tools were used against two journalists.
Myanmar police had two Reuters journalists behind bars, but they wanted more.
— The Washington Post

Myanmar and Bangladesh highlight increased cooperation in cross-border related issues through existing bilateral mechanisms
THE Fourth Meeting of Myanmar-Bangladesh Joint Working Group (JWG) on the repatriation of displaced persons from Bangladesh was held at the Ministry of Foreign Affairs in Nay Pyi Taw on 3 May.
— Eleven Myanmar

Ground breaking ceremony of seven stories building of New Yangon Specialist Hospital held in Yangon
The Ground Breaking Ceremony of “the Project for the Construction of New Yangon Specialist Hospital” was held at the construction site of New Yangon General Specialist Hospital on 28 April 2019. In this ceremony, H.E Dr. Myint Htwe, Union Minister of Health and Sports (MoHS), U Phyo Min Thein.
— The Global New Light of Myanmar

Union Minister U Kyaw Tin signs book of condolences for former Vietnamese President
Union Minister for International Cooperation U Kyaw Tin signed the book of condolences for former Vietnamese President H.E. Mr. Le DucAnh at the Vietnamese Embassy, Kyauk Kone Road, Yankin Township, Yangon yesterday.
— The Global New Light of Myanmar

‘Investing in Bitcoin is Like Gambling’: Myanmars Warned
On Friday, the Central Bank of Myanmar issued a public statement against the trade and use of bitcoin and other cryptocurrencies, warning people against investing in bitcoin and other cryptocurrencies due to volatility of their price. The announcement, published in local newspaper, came after a series of scams targeted at novice Burmese investors were unearthed.
— Block Publisher

Myanmar may have rain till May 9: DMH
Myanmar may have rain till May 9 due to the rainclouds split from the cyclone “Fani” which will hit India, said meteorologist Chit Kyaw.
— Eleven Myanmar

Information Ministry holds meetings on classic books series, encyclopedia, literary awards
The Ministry of Information held separate coordination meetings on publishing a 100 classic books series, reprinting the Myanmar Encyclopedia, and the National Literary Award and the Sarpay Beikman Manuscript Award at the Printing and Publishing Department on Theinphyu Road in Yangon.
— The Global New Light of Myanmar

Myanmar publishes first three volumes of classic book series
Myanmar Ministry of Information has published the first three volumes of 100 Myanmar classic book series, according to the disclosure of a coordination meeting of the ministry held in Yangon late Saturday.
— Xinhua

NDMC Chairman VP U Henry Van Thio inspects levee construction in Zalun Township
Vice President U Henry Van Thio inspects the construction of Ayeyawady Hinthada Zalun Township portion of Thekon-Nyaing Aing Pan levee constructed with NDMC fund K 990.868 million
— The Global New Light of Myanmar

News needs to be clean and correct, says Myanmar Military Commander-in-Chief
Myanmar Military Commander-in-Chief Senior General Min Aung Hlaing said that it’s important the news stories which are being read on a daily basis by the public need to be clean and correct.
— Mizzima

Lawt Aung’s ‘beautiful orchestra’
Passion and enthusiasm drive a Kachin violinist who achieved his dream of establishing a youth string orchestra from scratch.
— Frontier Myanmar

President concludes Taninthayi Region tour after inspecting development projects
President U Win Myint accompanied by Union Ministers Lt-Gen Ye Aung, Dr. Myint Htwe, U Han Zaw and U Ohn Maung, Taninthayi Region Chief Minister U Myint Maung, Coastal Command Commander Maj-Gen Thaung Htike Shwe, Myanmar Police Force Police Lt-Gen Aung Win Oo and officials left Dawei by Tatmadaw.
— The Global New Light of Myanmar

Group plans to start maid training centre in Myanmar
A Singapore non-profit organisation is in talks with the Myanmar government to set up a skills training centre in Myanmar for women who wish to be employed as domestic workers in Singapore.
— The Straits Times

CHIN STATE: Enacting policies promoting agro-businesses; Making steady progress in regional development efforts; Allowing regional products to access other corners of country
“The State Government is working towards food security and reduced poverty by 2020-2021 fiscal year by creating more businesses and employment opportunities.”
— The Global New Light of Myanmar

Respect-paying ceremonies held for former President in Myanmar, Netherlands
Myanmar’s Minister of International Cooperation U Kyaw Tin came to the Vietnamese Embassy in Myanmar on May 4 to pay respect to former President Gen. Le Duc Anh.
— Nhan Dan Online

Myanmar Fire Services Department observes 73rd anniversary
Myanmar Fire Services Department must enhance its prowess to stand shoulder to shoulder with its international counterparts, said Union Minister for Home Affairs Lt-Gen Kyaw Swe at its 73rd anniversary yesterday.
— The Global New Light of Myanmar

Dragons and wizards fired up at Myanmar rocket festival
Clad in elaborate headdresses representing dragons and wizards, Myanmar’s ethnic Pa’O fire huge, homemade rockets into the sky – an annual call for plentiful rains and a chance for a windfall of cash.
— The Phuket News

Residents near Wetthe Lake earning good income from lotus fibre production
The residents of Shanywagon Village near the 800-year old Wetthe Lake said they are now generating a good income mainly from production of natural lotus fibre. Located at Salin Township in Minbu District of Magway Region, the Wetthe Lake is naturally covered with lotus plants.
— The Global New Light of Myanmar

Delayed repatriation hinders Rohingya children’s education
Forcibly displaced Rohingya boy Mohammad Hares, 14, is anxious about his education having hardly any opportunity to continue his study at the camp in Cox’s Bazar.
— Newagebd

’11th largest’ property expo to be held in Yangon this month
A property expo, touted to be the 11th largest in Myanmar, will be organized by iMyanmarHouse.com from 10 to 12 May at the Tatmadaw Exhibition Hall on U Wisara Road in Yangon.
— The Global New Light of Myanmar

Dy Minister takes stock of printing of school textbooks
U Aung Hla Tun, the Deputy Minister for Information and the Chairman of the Basic Education Textbook Committee for the 2019-2020 academic year, met with private publishers and discussed the production and printing of school textbooks and assistance required by them.
— The Global New Light of Myanmar

Feature photo Travel to Myanmar

This week’s Myanmar morning news photo features World Migratory Bird Day, May 11.

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.