Myanmar Morning News For October 13

Myanmar’s Suu Kyi prioritizes repatriation of Rohingya Muslims
Myanmar leader State Counselor Aung San Suu Kyi Thursday said her government will prioritize for repatriation of displaced Rohingya Muslims who recently fled the strife-torn Rakhine State across the border into Bangladesh.
— Nikkei Asian Review

Illegal paddy exports putting rice mills out of business
In Mandalay Region, which is one of the main paddy producers of Myanmar, almost every rice mill has shuttered due to illegal direct paddy exports, according to the regional Rice Millers Association.
— Myanmar Times

Singapore firm to launch limousine services in Yangon
Singapore-based Strides Transportation signed a joint venture agreement on October 12 in Yangon to provide limousine services in Myanmar’s commercial capital in early 2018.
— Myanmar Times

Grab introduces multi-stop rides for passengers
Grab, a leading on-demand transportation and mobile payments platform in Southeast Asia, has launched “multi-stop rides”, a new feature that enables passengers to add one extra stop to their GrabTaxi ride.
— The Nation

TPG divests 50% stake in Myanmar Distillery Company to Thai Beverage
U.S. headquartered private equity major TPG on Friday said that it had exited Myanmar’s largest spirits maker by selling its 50 per cent stake to Thai Beverage Public Company Limited.
— DealStreetAsia

A new general cargo wharf in Thilawa to open soon
The new general cargo wharf at Thilawa port will be opened at the end of November, according to Wilma Myanmar Port Terminals (Thilawa).
— Eleven Myanmar

Pope to visit Myanmar as anti-Rohingya hatred seethes
Myanmar’s western Rakhine state has been torn apart by communal bloodshed, sending more than 520,000 Rohingya racing over to neighbouring Bangladesh since late August.
— Business Recorder

Elite Company joins LPG race
Elite Company has been granted permission to distribute Liquefied Petroleum Gas (LPG) in Myanmar, director of State-owned Myanma Petrochemical Enterprise (MPE) U Aung Myint told The Myanmar Times after a press conference on October 12.
— Myanmar Times

SC to hear Rohingya refugees’ plea
The Supreme Court will on Friday hear the petition filed by Rohingya Muslims challenging the government’s stand to deport them back to Myanmar.
— Business Standard

CMP garment sector may fetch $3bln this year
Export earnings from the CMP (cutting, making and packaging) garment sector are expected to exceed US$3 billion (4.1 trillion kyat) this year, according to the Myanmar Garment Entrepreneurs Association(MGEA).
— Eleven Myanmar

Taxable income still lagging despite higher number of taxpayers
The Internal Revenue Department (IRD) received total tax revenues of some K2.2 trillion between April 1 and September 30 of the current fiscal year. That is K500 billion more than what it collected during the same period last year.
— Myanmar Times

Industry to purchase excess supply of beans
A purchasing committee has been established to buy locally-produced pigeon peas and black matpe to prevent prices from falling, committee member U Myint Oo told The Myanmar Times today.
— Myanmar Times

Transparent information flow key to uptick in M&A deal flow in Myanmar: Thura Swiss
While the intensity of deal-making may be lower compared to other Asian economies, Myanmar does have an active pipeline and many sectors are flush with opportunities, according to Yangon-based advisory firm Thura Swiss vice-president (business development) Nicholas Thibeault.
— DealStreetAsia

Dragon meets elephant: China and India’s stakes in Myanmar
While China has been investing in Myanmar for decades, in recent years, one notices greater Indian interests in the country. In this piece, I will try to explore both China and India’s stakes in Myanmar.
— Eleven Myanmar

Feature photo Dan Lundberg
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