Myanmar Morning News For October 17

Myanmar Morning News For October 17
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ThaiBev, the Thailand-based spirits and beer maker, has bought a 75% stake in Myanmar Distillery Company (MDC), the producer of Myanmar’s whisky Crown Royal, and its supply chain, for S$1 billion (US£494.4m).
The Drink Business

SMRT partners Japan, Myanmar firms to offer limousine service in Yangon
Singapore’s largest public transport operator will team up with Japanese trading house Toyota Tsusho Corp and a Myanmar company to offer a joint limousine service in Yangon to cater to the need for premium transit opportunities.
Today Online

Central Bank of Myanmar approves loans without collateral
Local banks are now permitted to extend loans without the need for collaterals, U Set Aung, Deputy Minister at the Ministry of Planning and Finance, told The Myanmar Times at the 5th Asia SME Conference in Naypyitaw on October 14.
Myanmar Times

Government ups efforts to legalise livestock trade
The government is upping attempts to regulate the livestock trade between Myanmar and its neighbours.
Myanmar Times

HEINEKEN Myanmar launches new beer
HEINEKEN Myanmar has officially introduced a new beer in Myanmar for beer drinkers in search of new tastes and experiences. Tiger Crystal, a light lager, is a new variant of Tiger Beer, one of the country’s most-loved beers, according to company press release.

Exclusive: Woodside delays Myanmar gas drilling as early results disappoint – sources
Australia’s Woodside Petroleum and its partners have deferred gas exploration plans in Myanmar until 2018 after some disappointing drilling results, according to four people familiar with the situation.

Frustration mounts as Kyaukphyu port negotiations stall
Kyaukphyu’s Chinese investors have hit back at criticisms over their majority stake in a proposed deep-sea port in Rakhine. They emphasised that it was the Myanmar government who drew up the shareholder structure and that the ball is in Nay Pyi Taw’s court to break the inertia and move the negotiations forward.
Myanmar Times

SEZ impact on communities must be addressed: Yanghee Lee
NVESTORS and developers of Special Economic Zones (SEZs) have responded to criticisms from the Special Rapporteur on the Situation of Human Rights in Myanmar, who stated that all SEZs in the country have adversely affected communities.
Myanmar Times

EU to scale back relations with Myanmar’s military
The EU is to cut back ties with Myanmar’s military in response to the brutal security force crackdown on Muslim Rohingya areas of the Southeast Asian state.
Financial Times

World Bank redirects national loan towards Rakhine aid
The World Bank is “deeply concerned by the violence, destruction and forced displacement of the Rohingya” and will redirect an existing loan targeted for national development towards assisting the crisis in Rakhine. The funds will remain within Myanmar, it told The Myanmar Times on October 16.
Myanmar Times

In Myanmar, “Anti-Terrorism” Is Cover for Ethnic Cleansing
On August 25, the Arakan Rohingya Salvation Army (ARSA)—a fledgling insurgent group in conflict with the Myanmar government—attacked multiple border police posts in the western state of Rakhine and killed 12 officers. In response, Myanmar’s security forces launched a bloody campaign against the country’s embattled Rohingya community, a campaign that has killed more than 1,000 people, according to the UN Special Rapporteur on Human Rights for Myanmar.
In These Times

Bangladesh losing its geo-economic importance to Myanmar
The Rohingya refugee crisis has exposed Bangladesh’s diplomatic weaknesses. No permanent member of the United Nations Security Council has strongly backed Dhaka to solve the refugee problem. China rendered its support to Myanmar at the UN so that the country does not face any immediate threat such as sanction. The United States’ intention to solve the Rohingya refugee problem is at best half-hearted, as has been reflected by the fact that the issue was not even mentioned in President Donald Trump’s speech at the UN General Assembly.
The Daily Star

ANC condemns violence against Myanmar’s Rohingya
The ANC has added its voice to the growing international condemnation of the violence directed against the Rohingya by Myanmar’s military.
News 24

Rakhine reporting by Myanmar-based media lacks accuracy, objectivity: report
Reporting by Myanmar-based media during the first two weeks of the conflict in Rakhine State relied too heavily on government sources for their coverage to be considered accurate or objective, a recent report by the Myanmar Institute for Democracy claims.
Coconut Yangon

Massive influx of 50,000 Rohingya in a day to Bangladesh
The makeshift refugee camps in Bangladesh face a fresh test, after at least 50,000 Rohingya flooded across the border from Myanmar’s north on Oct. 16.
UCA News

Feature photo Christian Keller
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).

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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