Myanmar Morning News For July 2

Myanmar Morning News For July 2

Myanmar morning newsMyTel has invested $1b in Myanmar network
Myanmar’s newest mobile operator MyTel has already invested $1 billion in its nationwide operations, and plans to invest $2 billion within its 15-year license period.

Over $231m paid so far for Chinese oil and gas loans
Myanmar loaned over US$1.6 billion from China for three oil and gas projects and has paid back over US$231 million plus interest of over US$418 million, according to a press conference on the report of EITI (Extractive Industries Transparency Initiative) for 2014-2015 fiscal year and 2015-2016 FY.
— Eleven Myanmar

Over Ks260 million donated to Eternal Peace Pagoda
Well-wishers donated over Ks260 million to the Eternal Peace Pagoda in Nay Pyi Taw at a ceremony held yesterday morning at the Vijaya Mingalar Dhamma Hall on Kaba Aye Hillock in Mayangon Township, Yangon.
— The Global Newslight of Myanmar

Inflation rate hits 4.29 pc in May
The average inflation rate in late May stood at 4.29 per cent, a slight increase compared with 4.12 per cent in late April, according to the Consumer Price Index (CPI) and Inflation Rate by the Central Statistical Organisation.
— Eleven Myanmar

China set to build Rakhine port
Myanmar says it is eager to begin work on a Chinese-backed port and industrial park project in the Rakhine State town of Kyaukpyu with a decision is expected soon.
— Asean Economist

Myanmar PMI indicates unchanged conditions
Myanmar’s manufacturing sector showed no change in operating conditions in June, according to an industry survey.
— Nikkei Asian Review

UN Special Rapporteur calls for investigation and prosecution of Myanmar authorities responsible for Rohingya war crimes SOFREP Original Content
Special Rapporteur on the situation of human rights in Myanmar/Burma, Yanghee Lee, spoke to the U.N. Human Rights Council on Wednesday. She said that, “I strongly recommend the persons allegedly responsible for the violations of international human rights law and international humanitarian law be investigated and prosecuted by the ICC or a credible mechanism.”
— SOFREP (media release)

Norway for addressing Rohingyas’ citizenship issue
Norway has stressed on the need of protection for the Rohingyas in Myanmar, respect for their fundamental human rights, a lasting solution to their citizenship issues and their right to return to their homes in Myanmar.
— The Independent

Myanmar takes new measures to promote foreign investment
Myanmar has reformed its investment commission recently and will soon enforce a new companies law in a bid to promote foreign investment.
— Xinhua

Aid from Japan delivered to villagers in Maungtaw
Humanitarian aid from Japan were handed over to the authorities in Maungtaw to deliver it to 14 villages in Maungtaw Township, Rakhine State.
— The Global Newslight of Myanmar

Dino Hunters Keep Up Jurassic Park-Style Quest in Conflict-Ridden Myanmar
“Amber hunters” on a quest for a Jurassic Park-style discovery of dinosaur remains sift through mounds of the precious resin in Myanmar — a lucrative trade that captivates palaeontologists but also fuels a decades-long conflict in the far north.
— News18

Reconciliation and greater understanding through dialogue in Kayah State
Achieving peace and reconciliation through dialogue is at the heart of Myanmar’s peace process. A complex series of national dialogues, both by geographical area; issue based; and ethnic based have been taking place over the last year.
— ReliefWeb

Myanmar witnesses more development during incumbent gov’t: survey
Myanmar has witnessed improvement of living condition during the last two years of the government led by the National League for Democracy (NLD), the official Global New Light of Myanmar reported Sunday.
— Xinhua

Ministry plans to stabilise fuel oil price
In an attempt to control rising fuel oil prices, eight State-owned fuel filling stations will directly sell fuel at a fair price as of July 1, according to the Ministry of Electricity and Energy.
— Eleven Myanmar

Myanmar looks to boost alternative feedstock to meet rising energy demand
Increased investment in import and distribution capacity should help Myanmar satisfy its growing appetite for liquefied petroleum gas (LPG), with the government looking to encourage usage of the fuel as part of plans to direct electricity towards industry.
— Borneo Post

Rakhine youth want a say in state’s future
APPREHENSION over the future of Rakhine State has prompted participants at its biggest youth conference to consider lobbying for nearly a third of the seats in its parliament to give young people a bigger say in development and other issues.
— Frontier Myanmar

Guterres: UN to Put More Pressure on Myanmar
TEHRAN (Tasnim) – UN Secretary General Antonio Guterres has said they will put more pressure on Myanmar to make them understand what they should do on the Rohingya issue.
— Eleven Myanmar

Myanmar not safe for Rohingya returnees: Red Cross chief
The head of the Red Cross on Sunday (Jul 1) said it was not safe to return Rohingya refugees to their homes in Myanmar, where he described whole villages abandoned and destroyed.
— Channel NewsAsia

Non-interference and the Rohingya crisis
As Muslims worldwide celebrate the end of fasting for the holy month of Ramadan, a growing diaspora of Rohingya face the prospect of observing their faith under squalid, cramped conditions in refugee camps such as Cox’s Bazar in Bangladesh.
— The Asean Post

US adds Myanmar to list of worst human trafficking offenders
YANGON — The United States has added Myanmar to its global list of worst human trafficking offenders and accused it of using child soldiers in its latest annual Trafficking in Persons report.
— Frontier Myanmar

Oil and gas responsible for half of Myanmar’s debt
While being the highest generator of revenue for the country, the oil and gas industry is also responsible for accepting half of the loans taken by the country, said Daw Moe Moe Tun, civil society representative of the Extractive Industries Transparency Initiative (EITI) during the release of its report on Myanmar.
— Myanmar Times

Congress looks at ways to help women facing hardships
The Nationwide Women’s Work Committees Congress continued yesterday in Nay Pyi Taw, with the means to address the hardships of women in Myanmar as part of its agenda.
— The Global Newslight of Myanmar

Big Holes Still Exist in Financial Reports of Extractive Companies
Myanmar’s state-owned enterprises (SOEs) involved in the extractive industries still lack transparency and need to reform to meet international standards, according to the Multi Stakeholder Group (MSG) tasked with implementation of the Extractive Industries Transparency Initiative (EITI), on Thursday.
— The Irrawaddy

Myanmar court to hear arguments on charging jailed Reuters reporters
Prosecutors and defence lawyers will present arguments on Monday (July 2) whether two Reuters reporters accused of obtaining secret documents in Myanmar should be charged, after the six-month pre-trial phase of the landmark case ended last month.
— The Straits Times


Feature photo LWYang


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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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Stella-maris Ewudolu

Journalist at AEC News Today

Stella-maris graduated with a Bachelor of Arts, Education from Ebonyi State University, Nigeria in 2005.

Between November 2010 and February 2012 she was a staff writer at Daylight Online, Nigeria writing on health, fashion, and relationships. From 2010 – 2017 she worked as a freelance screen writer for ‘Nollywood’, Nigeria.

She joined AEC News Today in December 2016.

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