Myanmar morning news for May 7

Myanmar morning news for May 7
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Myanmar morning newsProperty market in Myanmar expected to stay flat till 2020
Myanmar’s property market has been lacklustre since 2015 and this situation is expected to continue until next year, said U Myo Myint, general secretary of the Myanmar Construction Entrepreneur Association during an industry discussion in Yangon last week.
— Myanmar Times

Ministry to loan farmers Ks 2,000 billion across country
The Ministry of Agriculture, Livestock and Irrigation is planning to loan Ks 2,000 billion to the farmers across the country and this amount is up Ks 210 million compared to that of the previous year, said Soe Win, Minister for Planning and Finance.
— Eleven Myanmar

Tatmadaw underscores strategic partnership with China, Russia
The recent visit of Myanmar’s Commander-in-Chief of Defence Services Senior General Min Aung Hlaing to China and Russia underscored the importance of the two countries as strategic allies of Myanmar, a Tatmadaw spokesman said.
— Myanmar Times

CMP export volume reaches more than US$ 1,300 million in almost seven months
CMP export volume reached more than US$ 1,300 million in almost seven months in a row , up more than US$ 1,200 million compared to that of the same period of last year, according to the statistics of the Ministry of Commerce.
— Eleven Myanmar

Myanmar village in army lockdown ‘running out of food’
Villagers in Myanmar’s conflict-hit Rakhine state said Monday they are facing food shortages after being hemmed in for nearly a week by the military, which killed six people and continues to detain scores more in a crackdown against suspected rebels.
— France24

K90-billion devt project to rise in Mandalay city
A K90 billion (US$59.16 million) mixed-use development project will soon rise in Chan Mya Tharzi township in Mandalay city, said U Zarni Aung, regional minister for Electric, Energy and Construction.
— Myanmar Times

Myanmar to hold regional investment forum in Yangon
Myanmar will hold a regional investment forum in Yangon, the commercial capital of Myanmar, later this week, in order to increase investment and attract more investors in the region, according to the Yangon region government on Monday.
— Xinhua

Burmese logistics startup Kargo raises US$800K in pre-Series A funding round
Kargo is looking forward to begin its international expansion next year Myanmar-based logistics startup Kargo today announced a US$800,000 pre-Series A funding round led by Singapore-based early stage venture capital fund Cocoon Capital, alongside two angel investors.
— e27

Ranong immigration chief transferred after Myanmar complaint
The Immigration chief of the southern province of Ranong was transferred to an inactive post in the Immigration Bureau after Myanmar accused Ranong immigration police of slow service for 200 Myanmar tourists.
— Bangkok Post

Nationalist monks, supporters rally on charter amendments
Hundreds of nationalist monks and their supporters on Sunday held a demonstration in Yangon to express their sentiments on the current efforts to amend the controversial 2008 Constitution.
— Myanmar Times

Singapore domestic worker training centre to open in Myanmar
A Singapore non-profit organisation is in talks with the Myanmar government to set up a skills training centre in Myanmar for women who wish to be employed as domestic workers in Singapore, the Straits Times reported.
— Mizzima

Efforts for peace, stability, socio-economic development in Rakhine State reviewed
Workshop on Review of the Implementation of the Recommendations on Rakhine State was held in Yangon yesterday as part of efforts for peace and stability and for speeding up socio economy in the state.
— The Global New Light of Myanmar

Property expo to open 10 May
A property expo, believed to be the 11th largest in Myanmar, will be organized by from 10 to 12 May at the Tatmadaw Exhibition Hall on U Wisara Road in Yangon, according to state media.
— Mizzima

Myanmar glazeware businesses surviving on popular appeal
Myanmar people are continuing to use traditional craft products despite the entry of their modern substitutes in the domestic market these days. That is the reason the glazeware industry is continuing to survive in Myanmar, according to glazeware businesses in Sagaing Region.
— The Global New Light of Myanmar

Second BRI Forum Roundup–How Myanmar Fares
The State Counselor agreed to nine deliverables–including three bilateral agreements–on behalf of the Myanmar government at the recent Belt and Road Forum in Beijing.
— Irrawaddy

Hilton launches eco-friendly coffee briques programme in Myanmar
HILTON HOTELS in Myanmar has launched a programme that turns waste coffee grounds into “coffee briques” that can be used for cooking and heating.
— The Nation

Massive base metals mine in Myanmar to start production in 2021
Australia-based Myanmar Metals (ASX: MYL) said Monday that its 51%-owned Bawdwin polymetallic project in Myanmar could kick off production as early as 2021, based on a prefeasibility study into a starter pit.
— Mining

Myanmar-based trucking startup raises $800k from Cocoon Capital, others
Logistics startup Kargo has raised US$800,000 in a pre-series A funding round led by Singapore-based venture capital firm Cocoon Capital, with participation from two angel investors.
— Tech In Asia

New Yangon port to be constructed as trade volumes rise
Adani Yangon International Terminal is developing a container terminal in Ahlone township, which is by the Yangon River, in anticipation of higher trade volumes in the coming years.
— Hellenic Shipping News

Union Minister for Electricity and Energy receives PRC Ambassador
Union Minister for Electricity and Energy U Win Khaing received People’s Republic of China (PRC) Ambassador to Myanmar Mr. Hong Liang at Union Minister’s guest hall yesterday morning. The ambassador had completed his tour of duty in Myanmar.
— The Global New Light of Myanmar

Govt raises concern on air quality around Letpadaung copper mine in Sagaing
The government has expressed concern over the elevated level of particulates in the atmosphere near the Letpadaung Taung copper project in Salingyi township, Sagaing Region, which has exceeded the prescribed level, a senior official of the Natural Resources and Environmental Conservation Ministry said.
— Myanmar Times

Ninety foreign experts employed in ministries
Some 90 international experts and consultants are currently employed in Union-level ministries and organisations, according to U Saw Valetine, a member of the Union Civil Service Board.
— Myanmar Times

Successful US-based actor gives back to Myanmar
Multi-award winning Myanmar-American actor Myat Min Thura, popularly known by his American name Adrian Zaw, took time out from his hectic schedule to hold a workshop for a new generation of aspiring Myanmar actors, who are keen to making it big in the movie world.
— Myanmar Times

Pyidaungsu Hluttaw discusses Yen 38.642 bln loan from JICA
By Mawsi, Aye Aye Thant (MNA), Photos: MNA The Second Pyidaungsu Hluttaw 12th regular session’s third day meeting was held yesterday in Pyidaungsu Hluttaw meeting hall where the meeting starts as in the third day meeting with Hluttaw representatives discussing another loan from JICA.
— The Global New Light of Myanmar

Robust ‘starter’ pit for Myanmar base metals project
Myanmar Metals believes its 51%-owned Bawdwin project in Myanmar could be in production as early as 2021 following a prefeasibility study into a starter pit.
— Mining Journal

Myanmar Government, UNODC begin meeting for second review cycle on UNCAC implementations
The Anti-Corruption Commission and United Nations Office on Drugs and Crime (UNODC) in Myanmar held the Meeting on Myanmar’s Country Review Report for UNCAC Implementation Review Cycle 2 at Grand Amara Hotel in Nay Pyi Taw yesterday.
— The Global New Light of Myanmar

Supporting homegrown heroes
U Nyein Chan Soe Win , CEO and cofounder of Get Myanmar, which developed local ride-hailing app GetRide, wants to provide people across Myanmar with a good and reliable taxi transportation service run entirely by locals.
— Myanmar Times

G-to-G interaction only way to fix cattle export bottlenecks: LBV Dept
Government-to-Government interaction between China and Myanmar is the only way to deal with bottlenecks in cattle exports, according to the Magway Region Livestock Breeding and Veterinary Department.
— The Global New Light of Myanmar

KNPP, Kayah State Gov’t to Resume Regular Meetings
Karenni party, Loikaw gov’t agree to keep channels open at meeting attended by military, Union-level officials.
— Irrawaddy

Amyotha Hluttaw Speaker receives outgoing Chinese Ambassador
Amyotha Hluttaw Speaker Mahn Win Khaing Than received the Ambassador of the People’s Republic of China Mr. Hong Liang who has completed his tour of duty in Myanmar.
— The Global New Light of Myanmar

Rohingya repatriation: Myanmar to extend ‘secret’ MoU with UNHCR, UNDP for another year
Myanmar has agreed to extend a memorandum of understanding (MoU) with the United Nations High Commissioner for Refugees (UNHCR) and the United Nations Development Program (UNDP), regarding the creation of necessary conditions for the return from Bangladesh, of hundreds of thousands of Rohingyas to their homes in Rakhine, Myanmar, multiple sources told Dhaka Tribune yesterday.
— Dhaka Tribune

Pwint Thit Sa 2019: Five things you need to know
The fifth Pwint Thit Sa (Transparency in Myanmar Enterprises) report has been released by the Myanmar Centre for Responsible Business (MCRB) and Yangon-based consulting firm Yever.
— Myanmar Times 

NRPC, Kayah State Government, KNPP meet in Loikaw
National Reconciliation and Peace Center (NRPC), Kayah State Government and Karenni National Progressive Party (KNPP) held a meeting at Famous Hotel, Loikaw Town, Kayah State yesterday morning.
— The Global New Light of Myanmar

Endangered Irrawaddy Dolphin Population Decreases Further
The death, likely caused by electro-fishing or pollution, brings the population of the endangered species of dolphins down to 71.
— Irrawaddy

Myanmar conducts first successful liver transplant on 5-year-old boy
The first successful liver transplant in the country has been conducted on a five-year-old boy at the Yangon Children’s Hospital by a team of Myanmar and Japanese doctors, a spokesperson for the hospital said.
— Myanmar Times


Feature photo Travel to Myanmar

This week’s Myanmar morning news photo features World Migratory Bird Day, May 11.


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.


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Sreypov Men recently completed a course of study in International Relations at the Institute of Foreign Languages.

She commenced as an intern at AEC News Today and was appointed as a junior writer/ trainee journalist on April 2, 2018

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