Myanmar Morning News For August Two
Myanmar Morning News For August two
By Sreypov Dudes on August Two, 2017
There has been trade deficit of US$ 1.77 billion during the very first four months of this fiscal year, according to the Commerce Ministry.
Coffee could be the next big export product for Myanmar. But the industry needs support and protection from the government to produce the crop and before local growers commence rivaling in the international market, Myanmar Coffee Association chair U Ye Myint, told The Myanmar Times.
Myanmar Offshore Supply Base has received the approval from the Myanmar Investment Commission to set up operations in Mawlamyine. Meantime, the Myanmar Economic Development Corporation Public Company expects to finish work on Sakura Business Center in Ahlone township by 2019.
THE BUSINESS prospects for Mastercard, a leading global electronic payments network, become brighter as Myanmar strives for the transition into a cashless society.
South Korea’s Hotel Lotte Co. will open its eighth offshore hotel in Myanmar`s commercial city of Yangon on September 1, the company announced Tuesday.
ABB believes microgrids are the solution to Myanmar’s power shortage problems. A senior executive at the power grid company explains how it can be done.
The shrines and shops are being demolished after the government has postponed the Taungbyone Nat (spirits) festival until the spread of H1N1 seasonal influenza is under control, sources say.
Incumbent Central Bank Deputy Governor U Set Aung on Monday was appointed as deputy minister of the Ministry of Planning and Finance, the Office of the President announced.
A latest report from a multinational professional services rigid praises China’s Belt and Road Initiative (BRI) as transcending beyond initial expectations by extensively boosting trade and commerce and supporting both physical and social infrastructures. It urged foreign businesses to join the game.
COTTON farming is experiencing a resurgence in Myanmar since it was reinstated into the Generalized System of Preference (GSP), a preferential tariff scheme of the World Trade Organization, according to a report of Myanma Alinn Daily newspaper.
— The Global Fresh Light of Myanmar
The 390-key luxury hotel will be constructed on the site of the former Defense Services Museum, within a commercial sophisticated set to include both office and retail.
— Commercial Property Executive
Paralysed on one side by a stroke and slightly able to speak, Tin Hlaing was left to die at the side of a road – by her own children. The 75-year-old only survived because a stranger took pity on her as she lay in the street and brought her to the “Twilight Villa” nursing home on the edge of Yangon.
The public will be informed of natural disasters through brief text messages on their cellphones, according to the deputy minister of transport and communications.
Strenuous rain and floods have ruined over 80,000 acres of crops in Sagaing Region, according to the regional agriculture, livestock and irrigation ministry.
Feature photo FAO of the UN/ Hkun Lat
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 August Two added by Sreypov Boys on August Two, 2017