Myanmar Morning News For May 15

FGV scraps rubber venture in Myanmar
Felda Global Ventures Holdings Bhd (FGV) has scrapped plans to build a rubber processing plant worth RM30 million to RM45 million in Myanmar, as part of its venture into the rubber industry there.
– thesundaily

Unilever and EAC in Myanmar joint venture
Consumer goods giant Unilever has teamed up with a Myanmar partner to manufacture and sell home and personal care products in the country.
– The Straits Times

Aust firms urged to invest in Myanmar
THOUGH Australian businesses are still cautious about doing business in Myanmar, they should not hesitate to enter the country, as both governments are committed to supporting bilateral economic ties, according to an Australian diplomat.
– The Nation

Myanmar’s Food2u.com.mm gets six-digit funding from local individuals
Food2u.com.mm, a Yangon-based food delivery service, has received a six-digit seed capital from individual investors to aid its expansion plans.
– Deal Street Asia

Yangon 5-star room occupancy declines
There are about 3,800 four- and five-star hotels rooms in Yangon with occupancy rates falling by 5 per cent since this time last year, according to Colliers International.
– Eleven

Time for Myanmar’s economic ‘take off’?
Higher economic growth is forecast for the year ahead and the government appears confident that it can deliver real benefits, but rural and urban residents are not so sure.
– Frontier Myanmar

Myanmar Needs To Emulate Indonesia
Aung San Suu Kyi has now spent a year as the de facto leader of Myanmar. She has avoided clashes with the country’s former military rulers, and there are clear, if ponderous, signs of progress on legal reform, banking and financial regulation and rules for foreign investors.
– Forbes

CHD bank lends Ks80bn to developers
Construction and Housing Development (CHD) Bank has lent Ks80 billion to developers who need financial aid, said managing director Myint Myint Mu of banking and finance department at the CHD on May 13.
– Eleven

YBS tests the government’s management skills
Resistance to change has emerged as an obstacle to the bold move to upgrade Yangon’s bus system, raising questions about the management capacity of the NLD as it pursues an ambitious reform agenda.
– Frontier Myanmar

MCRB chief advises on how to address Myanmar’s challenges
Myanmar’s aim to become Asia’s last frontier may not be realised if the government fails to urgently address the challenges it faces in promoting responsible businesses, according to Vicky Bowman, director of Myanmar Centre for Responsible Business.
– Eleven

Heritage structures reach 6,000 in Myanmar’s Yangon: survey
Heritage structural buildings reached 6,000 in nine townships in Yangon, Myanmar’s former capital, official media quoted a survey of the Yangon Heritage Trust (YHT) as reporting Monday.
– Xinhua

Myanmar army chief compares Rohingya crackdown to Northern Ireland
Myanmar’s army chief defended his military’s violent crackdown on Rohingya Muslims by comparing it to Britain’s campaign to tackle sectarian conflict in Northern Ireland, according to a statement released by his office Friday.
– MenaFN

Feature photo Marc Veraart
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Myanmar Morning News For May 15 added by John Le Fevre on May 15, 2017
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John Le Fevre

Thailand editor at AEC News Today

John is an Australian national with more than 40 years experience as a journalist, photographer, videographer, and copy editor.

He has spent extensive periods of time working in Africa and throughout Southeast Asia, with stints in the Middle East, the USA, and England.

He has covered major world events including Operation Desert Shield/ Storm, the 1991 pillage in Zaire, the 1994 Rwanda genocide, the 1999 East Timor independence unrest, the 2004 Asian tsunami, and the 2009, 2010, and 2014 Bangkok political protests.

In 1995 he was a Walkley Award finalist, the highest awards in Australian journalism, for his coverage of the 1995 Zaire (now Democratic Republic of Congo) Ebola outbreak.

Prior to AEC News Today he was the deputy editor and Thailand and Greater Mekong Sub-region editor for The Establishment Post, predecessor of Asean Today.

In the mid-80s and early 90s he owned JLF Promotions, the largest above and below the line marketing and PR firm servicing the high-technology industry in Australia. It was sold in 1995.