Myanmar Morning News For August 8

Bond trading needed to deepen capital markets and boost economy
Currently, there is no corporate bond market in Myanmar, and, up until recently, Government Treasury Bonds were auctioned by the government to local financial institutions only.
— Myanmar Times

MOU on Kyauk Phyu SEZ likely in August
An MOU between China and Myanmar relating to a national-level framework for the Kyauk Phyu Special Economic Zone (SEZ) is likely to be signed by August, a spokesperson of Kyauk Phyu SEZ Management Committee told The Myanmar Times during an exclusive interview on August 4.
— Myanmar Times

Woodside Petroleum finds more gas off Myanmar
Woodside Petroleum has notched up a third gas discovery off the coast of Myanmar, supporting its ambitions to fast-track the development of a commercial project to supply either the local market or to be piped to Thailand or China.
— Financial Review

CMP garment becomes third largest export
The Cut-Make-Pack (CMP) garment sector stands third on the list of export items as its export earnings reached nearly US$ 700 million during four months of this fiscal year, according to the Commerce Ministry.
— Eleven Myanmar

Seeds sold at agricultural shops to be inspected
The sale of seeds will be controlled more tightly in Mandalay, warned the Ministry of Agriculture, Livestock and Irrigation on August 1.
— Myanmar times

Thai commerce ministry takes delegation to Shan State
The Thai Commerce Ministry’s Department of Foreign Trade has taken a delegation of private business and public officials to Shan State to discuss the promotion of trade and investment between the two countries, Thailand’s the Nation newspaper reported on 7 August.
— Mizzima

Underage maids from Myanmar seek help in Singapore
Girls from Myanmar, some as young as 15, continue to work illegally as maids in Singapore, despite both countries banning the practice, NGOs say.
— Aljazeera

Myanmar told to move now for OBOR benefits
MYANMAR will miss out on the benefits of participation in China’s One Belt, One Road trade initiative if it doesn’t get moving now with preparations, a forum was told.
— The Nation

US investment in Myanmar may double by 2020
INVESTMENT by American companies in Myanmar could be double in three years thanks to the government’s efforts to boost bilateral economic ties, said Aung Naing Oo, director general at the Directorate of Investment and Company Administration and secretary of Myanmar Investment Commission.
— The Nation

Mandalay vendors pledge not to sell dyed bamboo shoots
Mandalay vendors have pledged not to sell dyed bamboo shoots, amid concerns about the ill effects of dyed vegetables on human health, a Mandalay City Development Council (MCDC) official said.
— Myanmar Times

Aint Chit to represent Myanmar in Asean concert
Aint Chit says she will represent Myanmar in the Asean 50th anniversary pop concert to be held in Manila on Tuesday.
— Eleven Myanmar

Police hunt down two suspects in attempted money changer heist
Police have launched manhunt against two suspects who attempted to hold up a currency exchange shop in front of 9th Mile Ocean Center in Pyay Road in Mayangone township three days ago, the town police chief said Sunday.
— Myanmar Times

Feature photo Marcela Tokatjian
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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.