Myanmar Morning News For February 1

Myanmar Morning News For February 1
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Myanmar morning newsReuters reporters arrested in Myanmar due to appear in court
Two Reuters journalists accused of violating Myanmar’s colonial-era Official Secrets Act are due in court on Thursday (Feb 1) as the prosecution presents more witnesses, while a defence lawyer has said the judge will rule on a bail request.
The Straits Times

Myanmar bets on huge LNG projects to meet power needs
The government has finally revealed how it plans to meet Myanmar’s growing electricity needs, giving the green light to private investors in four gas-fired projects.Minister for Electricity and Energy U Win Khaing yesterday oversaw the issuing of a “notice to proceed” to investors in the four projects at a ceremony in Nay Pyi Taw, the ministry announced on its Facebook page this morning.
Frontier Myanmar

New self-assessment system for car imports to apply from 2018 onwards
Customs will practice a new car importing system under which import valuations for cars will change this year. As such, car importers should ensure they are clear about the new system, said U Soe Tun, chair of Myanmar Automobile Manufacturers and Distributors Association (MAMDA).
Myanmar Times

Mandalay Myotha Industrial Park attracts USD 500 million investment
The Mandalay Myotha Industrial Park project in Myanmar’s central Mandalay region has attracted 500 million U.S. dollars of local and foreign investment as of mid this month, Xinhua reported quoting state media.
— Mizzima

Index Creative Village to go digital in Myanmar expansion
“Changes in the behaviour of people in Myanmar have driven Index Creative Village Plc to shift its focus from offline to online in a bid to expand its business in the neighbouring country.” Kreingkrai Kanjanapokin, founder and group CEO of Index, said in an exclusive interview that the firm would focus on its new lines of business – digital marketing and communications, in Myanmar this year.
Eleven Myanmar

Davos 2018: China’s economic shift and implications for Myanmar
Myanmar will capture Chinese investment as Beijing prioritises poverty alleviation and development in Yunnan
Myanmar Times

Hour-of-Code introduced at Myanmar’s biggest school
A global movement of computer programming for children named Hour-of-Code was introduced by the Myanmar STEM Education Association (MSEA) at the Practicing High School of Yangon University of Education in Kamayut township of Yangon on Tuesday.
Myanmar Time

Interest rates to remain unchanged until 2020: Central Bank
The Central Bank of Myanmar (CBM) will not revise the interest rates on bank deposits, borrowings and government treasury bonds, CBM Vice-Governor U Soe Thein told the media on Tuesday.
Myanmar Times

MBA focus: China dominates the rise of Asian business schools
Are you thinking of taking an MBA programme? Since the FT’s complete Global MBA ranking 2018 was published this week, The Myanmar Times compiled the relevant analysis for our readers.
Myanmar Times

Myanmar to double electricity capacity by 2021 to fill power shortages
Myanmar is planning to double its electric power capacity by 2021 by building natural gas-fired power plants, two senior officials told Reuters on Wednesday (Jan 31), in an ambitious move to tackle chronic power shortages in the energy-starved country.
The Straits Times

Chinese research academic conference kicks off in Myanmar capital
A second annual academic conference of the Southeast Asia Biodiversity Research Institute of the Chinese Academy of Science (CAS-SEABRI) -2018 kicked off in Myanmar’s capital of Nay Pyi Taw Wednesday.
Xinhua Net

Myanmar’s manufacturing PMI shows strongest manufacturing growth in eight months
The Nikkei Myanmar Manufacturing Purchasing Managers’ Index, or PMI, improved to 51.7 in January from 51.1 in December.
Nikkei Asian Review


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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.


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