Myanmar Morning News For July 12

Myanmar Morning News For July 12

Myanmar morning news

Trade on the rise, more FDI needed: UMFCCI VP
U Ye Min Aung, vice president of the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry, told the Global New Light of Myanmar his views on Myanmar’s economy in an exclusive interview.
Global New Light of Myanmar

Myanmar encourages foreign investment
Myanmar’s government has made a strong pitch to foreign investors to commit to its ports at the 15th ASEAN Ports and Shipping conference.
Port Strategy

Foreign banks to be allowed retail banking service in Myanmar
Foreign banks are soon to be allowed to run retail banking service in Myanmar as part of relaxation measures by the Central Bank, U Set Aung, the bank’s deputy governor told the parliament late Monday.

Coal plan sparks ire as Myanmar struggles to keep lights on
Opposition to a planned US$3 billion coal-fired power plant in eastern Myanmar is highlighting the challenges facing Aung San Suu Kyi’s government in crafting a coherent energy policy in one of Asia’s poorest and most electricity-starved countries.
Channel NewsAsia

How to solve Myanmar’s chronic electricity problems
The challenges facing Myanmar in meeting demand for power are less about technical skill or knowledge than building consensus behind a viable electrification policy and the capacity to deliver on it.
Frontier Myanmar

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54th Myanmar Gems Emporium sees bid limit more than halved
Foreign gem merchants invited by the Ministry of Natural Resources and Environmental Conservation will now have reduced deposits and bid limits at the 54th Myanmar Gems Emporium, according to the ministry.
The Myanmar Times

Myanmar to expand largest city Yangon with aid from int’l organization
Myanmar will further expand its largest city Yangon to accommodate 1 to 2 million more people with the help and aid from international organizations, official media reported Tuesday.

Thirty development projects in pipeline in Mandalay through fiscal 2020-21
A total of 30 projects which aim to facilitate the development of Mandalay Region will be implemented from now through the 2020-21 fiscal year in collaboration with international development aid agencies, according to the regional Ministry of Planning and Finance.
The Myanmar Times

Beauty of Kabyar Wa Beach draws visitors in Mon State
Travellers are flocking to Kabyar Wa Beach in southern Mon State after it was included by the government in a new tour programme.
Eleven Myanmar

DFID-funded grant program to target businesses in four sectors
A grant window will be launched next month by a UK-funded program to target companies with projects to strengthen value chains and promote inclusive economic growth.
The Myanmar Times

Six-figure funding injections for Phandeeyar Accelerator alumni
Phandeeyar Accelerator start-ups White Merak and Chate Sat are celebrating continuing success in attracting funding to grow their businesses, it was revealed last week.
Frontier Myanmar

Expo in Mandalay aims to create 500 jobs
The Business and Job Expo 2017 is going to take place on July 15-16 at City Hall in Mandalay, according to Managing Director Ko One Htet Aung from Hti Haling Shin Business and Job Agency.
The Myanmar Times

Six trucks carrying illegal logs seized
Six trucks carrying illegal logs were detained on July 9 at the Theinni checkpoint in northern Shan State.
Eleven Myanmar

Businessman found guilty, given suspended sentence after bribery allegation
A businessman who last month accused an associate of the Yangon chief minister of accepting a bribe has been found guilty and given a suspended sentence in the first of three laws he is being charged under related to his claims.
Frontier Myanmar

Myanmar unveils reform plan requiring senior officials to disclose assets
The Myanmar government has adopted bold steps to deal with corruption in government bureaucracy and to improve efficiency of civil service by requiring senior officials to disclose their assets, The Myanmar Times Online reported on Tuesday.
Thai PBS

Bilateral committee to discuss Thailand’s new employment rules
Myanmar and Thailand are have agreed at high-level talks to establish a committee to address labour problems arising from the kingdom’s new migrant worker rules, the Bangkok Post reported on July 8.
Frontier Myanmar

Thailand to issue work IDs to Myanmar workers
Thailand’s Ministry of Labour recently announced they will issue worker identity (ID) cards to workers from Myanmar, Cambodia and Laos who are in Thailand with no legal documents or are considered illegal immigrants.
Global New Light of Myanmar

Chinese investment in Myanmar could push India to deepen regional cooperation
While ramping up efforts to help mediate between Myanmar’s government and rebel groups, China needs and will most likely be willing to step up investment in the country to promote local economic development, which is a cornerstone of social stability and could thus offer support to Myanmar’s peace process.
Global Times


Feature photo imke.stahlmann
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).

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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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