Myanmar Morning News For May 30

Need more proof of genocide in Myanmar? It’s being born right now
Nine months since the violent attacks of Aug. 25, 2017, and thereafter forced 700,000 Rohingya to flee to neighbouring Bangladesh, the first of thousands of pregnancies as a result of rape are coming to term.
— National Post

Govt seeks up to $1.5 billion investment in Yangon ring road
The Ministry of Construction’s proposal for a 47.5-kilometre elevated ring road in Yangon could require as much as US$1.5 billion in private investment, sources have told Frontier.
— Frontier Myanmar

Japanese investment in Myanmar soars to all-time high
Japanese investment in Myanmar reached an all-time high of about $1.48 billion in fiscal 2017 following the nation’s transition from military to civilian rule in 2011, boosted by large-scale commercial complex and steel manufacturing projects.
— The Japan Times

Israel, Myanmar Sign Education Pact for Programs About ‘Holocaust and Its Lessons’ and Xenophobia
Israel and Myanmar signed a cooperation agreement in the field of education on Monday.
— Haaretz

The true cost of Myanmar’s growing garment industry
Myanmar’s garment industry is set to rival China, but research shows that sexual harassment and violence in the workplace is hindering women’s opportunities and the industry itself.
— Public Radio International

Singapore-based Hayman Capital to provide loans to local SMEs
Hayman Capital based in Singapore is providing micro finance services for local small and medium enterprises, and loans will not be limited to businesses currently in operation.
— Eleven Myanmar

Myanmar Is Intensifying Violence Against Ethnic Minorities, U.S. Says
Myanmar’s military campaign to kill or drive away its ethnic minorities is worsening despite a growing international outcry, according to a State Department religious freedom report that was released on Tuesday.
— The New York Times

Dutch feed group confident about growth opportunities in Myanmar
De Heus opened its second production site in Myanmar today.
— Feed Navigator

Myanmar lawyer says evidence from Reuters reporters’ phones may be ‘tainted’
Evidence Myanmar police say they obtained from the mobile phones of two Reuters reporters accused of possessing secret documents might be “tainted”, a defense lawyer said on Tuesday, because at least one phone was used after it was confiscated.
— Reuters

U.S. Religious Freedom Envoy Criticizes Saudi Arabia, Myanmar
The U.S. envoy for international religious freedom, Sam Brownback, criticized key American ally Saudi Arabia and described the violence directed against Myanmar’s Muslim Rohingya minority as ethnic cleansing during the release of the State Department’s annual report on religious freedom on Tuesday
— The Wall Street Journal

Myanmar expects to export 4 million metric tonnes of rice, broken rice
To promote Myanmar’s rice sector through the cultivation of high quality rice and enhance the living standards of the local farmers, the International Finance Corporation (IFC) and the Myanmar Rice Federation (MRF) signed a contract at the Republic of the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) office on 29 May 2018.
— The Global Newlight of Myanmar

Myanmar Military Not Responsible For Delay in Peace Talks, Defense Ministry Official Says
Myanmar’s military is not responsible for the delay in holding the third round of the government’s key peace initiative to bring security forces and ethnic armed groups to the negotiation table in an attempt to end decades of civil war that has stymied the country’s political and economic development, a Defense Ministry official said Monday.
— Radio Free Asia

Myanmar invites expression of interest for Yangon expressway
Myanmar’s Construction Ministry has invited expression of interest from local and international firms for a ring road expressway in Yangon, the ministry said in a statement on Monday.
— Mizzima

LSE-listed Myanmar Strategic Holdings buys security firm EXERA for $2.2m
London Stock Exchange-listed Myanmar Strategic Holdings, an independent developer and operator of consumer-focused businesses in the frontier market, has announced the acquisition of EXERA, a Yangon-based safety and security services provider, for $2.2 million.
— DealStreetAsia

Shaping European investments in Myanmar
On June 6, the European Chamber of Commerce in Myanmar has the honour of organising the second edition of the annual Myanmar-EU Economic Forum in Nay Pyi Taw, the capital city.
— The Myanmar Times

‘Deeply Disturbing’ Conditions For Rohingya In Myanmar, And Those Yet To Return
The monsoon season is almost upon some of the world’s largest refugee camps in Bangladesh. Heavy rains threaten to inundate and cause landslides on denuded hillsides in southeast Bangladesh’s Cox’s Bazar district, which the U.N. estimates is now home to more than 900,000 ethnic Rohingya refugees.
— NPR

Interfaith leaders pledge to back Myanmar peace efforts
Cardinal Charles Bo of Yangon has joined other interfaith leaders in declaring their commitment to peace initiatives in strife-torn Myanmar, a move welcomed by State Counselor Aung San Suu Kyi.
— UCA News

Analysis: Myanmar Planning and Finance Minister’s Case a Test of Govt Seriousness on Corruption
In March, when he declared in his inauguration speech that fighting corruption was one of the top priorities on his to-do list, President U Win Myint was heartily applauded by his fellow citizens, who have long been disgusted by corrupt officials at nearly every level of government.
— The Irrawaddy

Myanmar Hydro Environmental Assessment Recommends Preservation Of River Mainstems
The government of Myanmar and the International Finance Corporation have released a draft strategic environmental assessment (SEA) report around the sustainability of the country’s hydropower sector.
— Ooska News

IFC, partners working toward boosting Myanmar rice industry
IFC through a partnership with Australia, the United Kingdom and Japan signed a memorandum of understanding (MoU) with the Myanmar Rice Federation (MRF) to support sustainable growth of Myanmar’s rice industry.
— World-Grain

Myanmar’s aggressive push for LNG in doubt
Myanmar’s ambiguous approvals process and uncertainties surrounding power-purchase agreements (PPAs) are casting doubt on the country’s aggressive plans to develop three LNG-to-power projects by 2021.
— Interfax

Govt reviewing oil and gas contracts ahead of offshore tender
The Ministry of Electricity and Energy is reviewing the fiscal terms of its production sharing contracts ahead of an offshore oil and gas bidding round later this year, a senior official has told Frontier.
— Frontier Myanmar

Myanmar’s future relies on more jobs and better jobs
Quality and inclusive jobs are a crucial component of Myanmar›s future development, according to a report by the Myanmar Young Entrepreneurs Association and the World Bank Group released yesterday in Novotel Hotel, Yangon.
— The Myanmar Times

Feature photo Jacques Beaulieu

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.

Myanmar Morning News For May 30 added by Leakhena Khat on May 30, 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.