Myanmar Morning News For July 3

WB stops approving projects for Myanmar: Muhith
The World Bank (WB) has stopped approving projects for Myanmar as part of its move to beef up pressures for taking back its Rohingya people from Bangladesh in a peaceful way, said Finance Minister AMA Muhith yesterday, reports BSS.
— The Independent

Myanmar earns US$158 M from Myawady border trade
Myanmar earned about US$158 million from Myawady border trade route within two and a half month in this fiscal year.
— Eleven Myanmar

GDP expands to 7.4pc as more companies are cleared for business
Mandalay Region, Myanmar’s second largest city, has permitted the opening of 14 local and foreign businesses in the 2017-2018 fiscal year, said Dr Zaw Myint Maung, chair of the Mandalay Regional Investment Committee.
— Myanmar Times

Regional government to spend K76.5 billion in April-Sept
The Bago Region government has announced its Citizen’s Budget, under which its expenditure for the six months between April and September is projected to reach K76.6 billion.
— Myanmar Times

Myanmar targets to export 2.5 mln tons of rice this year
Myanmar’s Rice Federation targets to export 2.5 million tons of rice this year, which is the country’s major agricultural product, local Daily Eleven reported Monday.
— Xinhua

Medicine production meets about 10 pc of local demand
Myanmar imports medicine and medical equipment worth US$ 400 million every year as the country’s medicine production meets about 10 percent of local demand, according to the Myanma Pharmaceutical Industrial Enterprise.
— Eleven Myanmar

There’s no Chinese ‘debt trap’, says Myanmar minister, as government pushes for joint port project to go ahead
Thaung Tun insists his government is keen to press on with deep water project after reports it was negotiating to keep costs down
— Consult Myanmar

Myanmar upgrades lead zinc resource
ASX listed Myanmar Metals has added more certainty to its world-class Bawdwin polymetallic deposit in central Myanmar, increasing its indicated mineral resource by 23% to 24.8 million tonnes grading 5.1% lead, 2.8% zinc, 0.2% copper and 134 grams per tonne silver.
— The West Australian

UN chief says he heard ‘unimaginable’ stories from Rohingya
U.N. Secretary General Antonio Guterres said Monday that he heard “unimaginable accounts of killing and rape” from Rohingya refugees who have fled from Myanmar to Bangladesh since last August to escape violence.
— Citrus County Chronicle

Myanmar ops to boost Daibochi’s FY18 earnings
End-to-end flexible packaging solutions provider Daibochi Plastic and Packaging Industry Bhd is confident of performing better in its financial year 2018 (FY18), which will recognise a full year’s contribution from its new Myanmar plant, while the group maximises the operation’s capacity.
— The Edge Markets

Govt Investment Body to Share Regulations for Companies Law Soon
The Directorate of Investment and Company Administration (DICA) said it would release regulations relating to the new Companies Law before it takes effect on Aug. 1 with instructions on electronic registration, company constitutions and capital structures.
— The Irrawaddy

Water purification plant to be built near Letpadaungtaung copper project
Thailand and Myanmar will invest US$5 million to build a water purification plant near Letpadaungtaung copper mining project in Monywa, Sagaing Region, according to the Directorate of Investment and Companies Administration (DICA) in Sagaing Region.
— Eleven Myanmar

President forms anti-narcotics taskforce, offers rewards to informers
President U Win Myint has formed an anti-narcotics taskforce that will report to the President’s Office and offer rewards for information on drug abuse and trafficking.
— Frontier Myanmar

Charity groups face difficulties over new licensing regulations
Charitable bodies are facing problems as a result of licensing regulations introduced early last month.
— Myanmar Times

ROHINGYA DEMANDS JUSTICE DURING UN CHIEF’S VISIT
Rohingya demanded justice during UN chief’s visit today in makeshift camps of Cox’s bazaar, Bangladesh, where more then 800, 000 Rohingya are sheltering after fleeing deadly massacre in their home land.
— Rohingya Vision

Corruption Prevention Units to be formed in government departments
The Anti-Corruption Commission is planning to form Corruption Prevention Units (CPU) in government departments to prevent corruption, said U Aung Kyi, Chairman of the Anti-Corruption Commission at the Anti-Corruption Declaration Ceremony, held at the UMFCCI office yesterday.
— The Global Newlight of Myanmar

Rice industry urges legislation to regulate supply chain
The country’s leading business group for rice is pushing the parliament to legislate a new law to regulate the sector.
— Consult Myanmar

Yangon clothes factory blames closure on rising operating costs
A garment factory with over 400 workers has closed in Yangon due to rising operational cost, a company statement said.
— Myanmar Times

Myanmar judge to decide next week whether to try case of Reuters journalists held for 200 days
A Myanmar judge will decide next week whether two Reuters journalists will be charged with violating the country’s colonial-era secrecy law over their coverage of the Rohingya crisis after hearing arguments in court Monday.
— The Washington Post

Myanmar considers MTF 2020 venues
Mekong Tourism Coordinating Office’s executive director, Jens Thraenhart, is already floating ideas on where to host the forum in 2020.
— TTR Weekly

Angumaw-Maungdaw upgrading road project already completed 33 km long
The US$22 million upgrade of Angumaw-Maungdaw road by Asia World Foundation has finished up to 33 kilometers, according to the Asia World Foundation.
— Eleven Myanmar

UEC seeks suggestions from CSOs for Strategic Plan 2019-2022 for 2020 general elections
The Union Election Commission (UEC) held a consultation with civil service organisations (CSOs) and political parties to review its strategic plan and seek cooperation from CSOs in the electoral process for the 2020 General Elections.
— The Global Newlight of Myanmar

Myanmar crushes PH Malditas in AFF Women’s Championship opener
Myanmar made a huge statement in the Asean Football Federation (AFF) Women’s Championship, dealing the Philippine women’s football team a 4-0 blow at the Jaka Baring Stadium in Palembang, Indonesia on Sunday.
— Philippine News Agency

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.

Myanmar Morning News For July 3 added by Stella-maris Ewudolu on July 3, 2018
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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.