Myanmar Morning News For June 8

Military plane with 108 onboard missing
A military aircraft carrying 108 military and family members, including 15 children, has gone missing off the coast of Taninthayi yesterday, the military said last night.
– Global New Light of Myanmar

Emirates to launch Yangon-Phnom Penh flight on July 1
Emirates airline, winner of Trip Advisor Traveler’s Choice Awards 2017, will launch a flight between Yangon and Phnom Penh on July 1, according to a press release issued by the airline.
– Eleven Myanmar

Myanmar readies reforms to liberalize insurance market
Myanmar intends to release within three months a blueprint for insurance market reforms that include allowing foreign insurers to underwrite and sell policies, the head of state-run Myanma Insurance said here Wednesday.
– Nikkei Asian Review (paywall)

Japan to concentrate investment on Taninthayi Coast development
The Taninthayi Region government and the central government have drawn projects for the development of the Taninthayi coastal area, and Japan plans in the region, according to Ministry of Commerce Dr Than Myint.
– Eleven Myanmar

Malaysian businessmen and Mandalay businessmen meet for cooperation
A delegation of Malaysian businessmen attended a meeting of the Mandalay Region Chamber of Commerce and Industry yesterday at the chamber’s office at Yadanarbon Supercenter in Chanayetharzan Township.
– Global New Light of Myanmar

What do local and international businesses make of the Belt and Road?
Businesses in Myanmar generally welcome the Belt and Road Initiative’s (BRI) investment boost for the country’s infrastructure development.
– The Myanmar Times

Official jade exports exceed $10m
Until May 26 of this fiscal year, the country earned more than US$10.14 million from official exports of 70 tonnes of jade, up more than US$9 million for the same period last year, according to the Trade Department.
– Eleven Myanmar

Amarapura urban plan developer gets 20 acres of land for office
The Mandalay regional government has allocated 20 acres of land to a local company to implement the Amarapura Urban Development Plan, which aims to support Mandalay’s urban development of a new and modern city, Regional Chief Minister Dr Zaw Myint Maung said.
– The Myanmar Times

In Myanmar, buying cars and homes with gunny sacks full of cash
At banks in Myanmar, it’s not unusual to see people lugging huge and heavy gunny sacks into the lobby.
– Channel NewsAsia

Mobile payment system expanding in Myanmar
INTERVIEW of Myanmar Economic Bank General Manager Daw Hsint Hsint Aung and MRTV reporter Myo Zar Zar Oo broadcast on 6 June.
– Global New Light of Myanmar

Union Minister Dr. Than Myint receives delegation from MIDA
Dr. Than Myint, Union Minister for Commerce, welcomed a delegation led by U Khin Maung Aye, President of Myanmar Investment Development Association (MIDA), in the meeting hall of the Ministry of Commerce yesterday.
– Global New Light of Myanmar

Firms launch justice program to empower developing countries
LexisNexis recently teamed up with Australian firm Colin Biggers & Paisley, as well as the Ashurst in Japan and Herbert Smith Freehills in Myanmar, to launch The Juris Pilot program.
– Lawyers Weekly

Myanmar to arrest 18 key drug fugitives
Myanmar will arrest 18 major drug fugitives while seeking Thai development projects to end drug production among its border people, according to the narcotics control chief.
– Bangkok Post

New Clashes in Myanmar’s Kachin State Force Hundreds to Flee Mining Areas
Four hundred people fled from gold and amber mines in a resource-rich area of northern Myanmar’s Kachin state following a warning by the army that soldiers were preparing to clear the area following a new round of fighting with an ethnic militia, local residents said Wednesday.
– 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.