Myanmar Morning News For April 24

Myanmar’s Suu Kyi to skip Asean Summit in Singapore
Myanmar’s unofficial leader Aung San Suu Kyi will not attend this weekend’s Asean summit in Singapore, a government spokesman said on Monday, which would make it the first time for her to skip one since her party came to power in 2016.
— South China Morning Post

Asian Development Bank and Myanmar: Fact Sheet
ADB commenced reengagement with Myanmar in early 2012. ADB has since been supporting the country’s national development strategies and its national priority programs in collaboration with other development partners.
— ADB

UN Security Council to Make a Two-Day Visit to Myanmar
A team of 15 permanent representatives from the 15 members of the United Nations Security Council will visit Myanmar for two days early next month after being invited to examine the situation in Rakhine State by the Myanmar government.
— The Irrawaddy

Myanmar mango exports to China started on April 20th
The Myanmar Trade Promotion Association reported that Myanmar mangoes were prohibited from export prior to April 20th. Wu Miaodu, president of the association, stated that a large volume of Sein Ta Lone mangoes is exported to China, Singapore, Brunei, and several European countries every year.
— Fresh Plaza

India provides US$25 M aid for Rakhine state development
India has provided US$25 million for a five-year development project in Rakhine State, according to Ministry of Social Welfare, Relief and Resettlement.
— Eleven Myanmar

Agro products exports down by $24 million in first two weeks of April
The export of agricultural products from 1 to 13 April in the six-month transition period for the 2018-2019 fiscal year (FY) reached US$102 million, which showed a slight decrease of $24 million compared with the same period in the 2017-2018 FY, according to trade figures released by the commerce ministry.
— The Global Newlight of Myanmar

SMEs need more funding, support system to expand further
Efforts to support small and medium enterprises (SMEs) over the past three years have so far not been sufficient to generate meaningful growth for the economy, experts said.
— The Myanmar Times

Myanmar’s broadband price war
Fierce competition and cheaper bandwidth have sent broadband prices tumbling – and put some ISPs out of business – but speed and service quality still often lags behind mobile data.
— Frontier Myanmar

State Counsellor, South Korea’s Trade Minister discuss economic cooperation
Daw Aung San Suu Kyi, State Counsellor and Union Minister for Foreign Affairs of the Republic of the Union of Myanmar, received Mr. Kim Hyun-chong, Minister of Trade of the Ministry of Trade, Industry and Energy of the Republic of Korea, at 9:00 hours on 23rd April 2018, Monday, at the Ministry of Foreign Affairs in Nay Pyi Taw.
— The Global Newlight of Myanmar

Myanmar’s Human Rights Commission Asks Government to Protect Whistleblower Policeman
Myanmar’s National Human Rights Commission said on Monday that it has asked the Ministry of Home Affairs to protect the rights of a detained police officer who testified on Friday that another police official had ordered the entrapment of two Reuters reporters investigating a military crackdown in Rakhine state.
— Radio Free Asia

Myanmar a key pillar of Act East policy: Jitendra Singh
Myanmar is a key pillar of India’s Act East policy as it connects the northeastern states with Southeast Asia via land route, Union Minister Jitendra Singh said today.
— Business-Standard

Police harassment of satirical ‘thangyat’ performers raises questions about free speech under NLD
Thingyan is a time when the rules are relaxed. People wear more revealing clothing, open flirtation between strangers is suddenly acceptable, and alcohol consumption can begin well before noon.
— Coconuts Yangon

Myanmar permits full foreign capital investments in education sector
The Myanmar Investment Commission (MIC) has permitted foreigners to make full capital investments in private schools in Myanmar, according to Notification 7/2018 issued by the MIC on April 20.
— The Myanmar Times

Wife Of ‘Scapegoat’ Police Officer in Reuters Trial Appeals for Help
The wife of a police officer who told a court that police had entrapped two Reuters reporters said her husband was a “scapegoat” and appealed for help from President Win Myint and State Counselor Daw Aung San Suu Kyi.
— The Irrawaddy

About 800 war refugees arrive in Namti and Myitkyina
About 800 war refugees running away from Kasont area amid fresh fighting between the military and Kachin Independence Army (KIA) arrived in Namti and Myitkyina on April 22, sources said.
— Eleven Myanmar

Myanmar Freight & Logistics Market value of USD 7.52 billion by 2023
The Myanmar freight & logistics market is expected to reach a market value of USD 7.52 billion by 2023. Currently, almost all international trade that is occurring in Myanmar via the sea route is being handled by the the port area of Yangon (almost 90%).
— Businessservice24

Food2U raises six-digit investment
Food2U, Myanmar’s home-grown food delivery platform, has raised a six-digit investment from Premium Distribution, a distributor in retail, food services and non-food products, dealstreetasia reported quoting sources familiar with the development.
— Mizzima

Local, foreign media personnel reach Sittway on way to Maungtaw
Local and foreign media personnel arrived in Sittway by Myanmar National Airlines yesterday afternoon to check the ground situation for stability, peace, security and development, as well as observe the receiving of displaced persons in Maungtaw region of Rakhine State.
— The Global Newlight of Myanmar

Feature photo Christopher Michel

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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.

Myanmar Morning News For April 24 added by Leakhena Khat on April 24, 2018
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Leakhena Khat

Leakhena is a junior journalist at AEC News Today who is also currently studying International Relations, which she finds adds perspective to her work reporting on the Asean Community.

“I love what I am doing so much as it gives me a lot of great experience and provides challenges to my mind.