GNLM 2023-12-05

Embrace the Future: Unfolding a New Chapter with a Fresh Vision
Vol. X, No. 232, 8 th Waning of Tazaungmone 1385 ME www.gnlm.com.mm Tuesday, 5 December 2023
Senior General Min Aung Hlaing asserts

commitment to democratic and federal Union,
warns against disintegration
State Administration Council Chairman Prime Minister Senior General Min Aung Hlaing addresses the Union government meeting 7/2023 in Nay Pyi Taw on 4 December 2023.
T
HE Union system based on a dem- implemented with the national concept.
ocratic system and federalism all He confirmed that as the nation is firmly
the people are building consists built under the Constitution based on The Senior General underscored that
of all points of demand, and the Union Our Three Main National Causes, these
is not to be disintegrated, said Senior causes will not totally be harmed. Our Three Main National Causes: non-
General Min Aung Hlaing. He noted that whenever terrorists
At the meeting 7/2023 of the Union harm Our Three Main National Causes,
disintegration of the Union, non-disintegration
government at the Office of the Chair- relevant regions and residents will suffer of national solidarity and perpetuation of
man of the State Administration Council harmful consequences.
in Nay Pyi Taw yesterday morning, SAC The Senior General explained that sovereignty are being implemented with the
Chairman Prime Minister Senior Gener- Rakhine State has faced difficulties in the
national concept. He confirmed that as the
al Min Aung Hlaing delivered an address transport sector for many years. From
on the crucial role of the Union system. the time of the Tatmadaw government nation is firmly built under the Constitution
The Senior General underscored to date, development undertakings re-
that Our Three Main National Causes: versed the situation of Rakhine State based on Our Three Main National Causes,
non-disintegration of the Union, non-dis- with remarkable improvement. How- these causes will not totally be harmed.
integration of national solidarity and ever, AA armed organization commit to
perpetuation of sovereignty are being SEE PAGE-3
NATIONAL PAGE-5 NATIONAL PAGE-6 BUSINESS PAGE-7
Cherry Blossom Botahtaung YGN palm

Festival set Pagoda draws oil wholesale
to be held in 2,000+ visitors reference price set
Loimwe from 28 to dwindle this
of Kengtung for countries in 11 week ending 10
five days months December
5 DECEMBER 2023
2 www.gnlm.com.mm THE GLOBAL NEW LIGHT OF MYANMAR
NATIONAL
Republic of the Union of Myanmar Five special civil appeal
State Administration Council cases passed; seven special
Notification No 240/2023 criminal cases heard
7th Waning of Tazaungmone 1385 ME
4 December 2023
A special appeal tribunal consisting of Union Chief Justice
THE State Administration Council Chairman has conferred an honorary title on the following U Thar Htay and Judges of the Supreme Court of the Union
person for his excellent performance in forging amicable cooperation between the Republic U Tin Hon, Daw Khin May Yi, U Thein Ko Ko and Daw Thin
of the Union of Myanmar and the Russian Federation – Thin Nwet convened yesterday morning at Room 1 of the
Supreme Court of the Union and passed the judgments on
Pyidaungsu Sithu Thingaha Title five special civil appeal cases — No 40/2022 (Kayin), No
Thray Sithu Title 8/2023 (Shan), No 20/2023 (Kachin), No 21/2023 (Magway)
and No 24/2023 (Bago).
1. Mr Nikolai Platonovich Patrushev Secretary, the Security Council of the In addition, the special appeal tribunal heard a total
Russian Federation of seven special criminal appeal cases — No 1/2023 (Yan-
gon), No 2/2023 (Mandalay), No 3/2023 (Kachin), No 4/2023
Sd/ Min Aung Hlaing (Kachin), No 5/2023 (Kachin), No 6/2023 (Rakhine) and No
Senior General 7/2023 (Yangon) in line with the COVID-19 prevention and
Chairman control guidelines. — MNA
State Administration Council
King Alaungpaya’s
Royal Mausoleum set for
authentic preservation
THE Myanmar Royal Descend- covered with a tiered roof for its
ants Association plans to main- durability.
tain and preserve the mausoleum “The roof is to protect it from
of King Alaungpaya U Aung Zeya, the rain during the rainy season.
the founder of the Third Myan- The Myanmar Royal Descend-
mar Kingdom, in Kin village, Bilin ants Association bore the cost of
township, adhering to its authen- ensuring the tomb’s durability.
tic style, according to an official. We built a roof over it after clear-
While marching to surround ing the grass around the area.
Ayutthaya on hearing that the We plan to preserve the original
Siams (Thais) had invaded Kyay work,” he said.
Sun Ywa Let in Dawei in 1121 The monastery monk at the
Myanmar Era and returning af- tomb will take care of the ongoing
ter falling ill, King Alaungpaya maintenance.
died in Kin village at the age of 45 “There is a head monk at the Photo: Moe Min Thein (PutaO)
years, eight years on the throne, brick tomb, and he undertakes
on the 12th waning day of Kason,
1122 ME.
routine maintenance. Successive
head monks have taken care of
Local tourists flock to PutaO’s popular,
Currently, the brick tomb
of King Alaungpaya has been
the mausoleum,” said the official.
— Htet Oo Maung/ZN
snow-capped mountain destinations
IN addition to climbing trips climbing trips are still few. and bronze, Mount Khakabo-
to the snow-capped moun- “Currently, the majority razi National Park Museum,
tains of Kachin State, PutaO’s of visitors are locals. Visitors Malikha River that separates
popular destinations are also from Yangon and Mandalay PutaO and Machanbaw and riv-
attracting more and more vis- have been visiting prominent er crossing suspension bridges,
itors from around the country, destinations since November. heart-shaped lake, countryside
including from Yangon and Visitors from Lashio and Muse natural beauty, orchards and
Mandalay, said Ko Moe Min came to take climbing trips to crop fields and morning sea
Thein (PutaO) from Trekking snow-capped mountains,” said cloud view, as well as exploring
in Myanmar Travel and Snow- Moe Min Thein (PutaO). traditions of indigenous people.
capped Mountain Transport A three-night, four-day The six-night, seven-day,
Service. trip to PutaO, Kachin State, seven-night, eight-day trip
Overall, he said there are includes a tour of the an- features climbing to Mount
loads of visits to well-known cient Maha Muni Buddha Phonkanrazi. — Moe Min
tourist attraction sites, but Image, which is cast in gold Thein (PutaO)/ZS
5 DECEMBER 2023
THE GLOBAL NEW LIGHT OF MYANMAR www.gnlm.com.mm 3
NATIONAL
Senior General Min Aung Hlaing asserts commitment to
democratic and federal Union, warns against disintegration
FROM PAGE-1 in order to earn foreign exchange with
instability in the condition of development rising domestic manufacturing.
undertakings. In the education sector, the Senior General The government has been controlling
He continued that the Rakhine area the prices of fuel and cooking oil at home.
often encounters natural disasters, and unveiled that students are attending the Unscrupulous persons committed to rais-
the government carries out rescue and ing cooking oil prices. Everybody needs to
relief measures as well as rehabilitation
schools in all regions cent per cent except consider the lives of the people. Deterrent
tasks many times. Moreover, the state the conflicted areas. action was taken against those unscrupu-
faced Bengali unrest. Now, AA armed lous persons under the law.
organization attempts to cause armed ter- The Senior General recognized health The Senior General pledged to ease
rorism in MraukU, Kyauktaw and Palet- the restrictions for export and import
wa regions. Such conflicts will bring bad
personnel and teachers for their efforts measures in the export and import sector.
consequences to residents, and their sab- in providing healthcare services and It is because exporters submitted that
otage will cause loss and damage to bridg- they face made efforts in trading, but
es, roads, buildings and ancient cultural teaching amid difficulties, although some importers take advantage. If the country
heritages provided by the government. It
universities were closed due to terror acts receives the non-trade income, it can
is necessary to take adequate time to un- reduce reliance on trade.
dertake rehabilitation. It can be seen that of terrorist groups. So, local authorities The Senior General plans to ease
the Tatmadaw and the government made restrictions on the export of agricultural
the utmost efforts for the rehabilitation of need to manage the convenience of produce and allow incomes from exports
Rakhine State to recover from the loss education and health staff for their to be spent on importing basic inputs for
and damage caused by the storm Mocha. agriculture, livestock, and MSME busi-
The development undertakings aimed to security and administrative measures for nesses.
complete rehabilitation in the monsoon so In the education sector, the Senior
that local people could resume their live-
the sake of the regions. General unveiled that students are at-
lihoods in the dry season. Senior military tending the schools in all regions cent per
officers were assigned to each township cent except the conflicted areas.
to manage the rehabilitation tasks within The Senior General recognized
six months for remedying these regions, The Senior General warned that if tend the cultivation of coffee to increase health personnel and teachers for their
he explained. armed organizations keep on being fool- coffee production within five years. A efforts in providing healthcare services
However, the Senior General add- ish, residents of the relevant regions will plan is underway to extend 27,900 more and teaching amid difficulties, although
ed that current armed disturbances will suffer bad impacts. So, it is necessary acres of coffee in 2024. If so, the country some universities were closed due to
negatively impact locals again. Although to consider the lives of the people, and will have some 300,000 acres of coffee in terror acts of terrorist groups. So, local
now is the time to carry out development those organizations need to solve their total, and its results can be seen within authorities need to manage the conveni-
tasks in their region, valuable time was problems politically, discarding their five to seven years. ence of education and health staff for their
spent on reconstructing damaged bridges naughty moves. The Senior General also urged all to security and administrative measures for
and roads and rehabilitation tasks with a As such, the Senior General urged encourage rubber cultivation in regions the sake of the regions.
large sum of funds. all to emphasize the interests of their and states, up from 1.6 million acres of Union ministers reported on their
The Senior General recounted that region and the country and pointed out rubber plantations. respective sectors. The Senior General
due to KNPP and KNDF terrorists, that conflicts in the country can harm The Senior General gave guidance gave the necessary guidance after hear-
clashes happened in the Loikaw region the State economy as well as the tourism that it is necessary to expand the tax ing the reports.
of Kayah State. When the area was stable, sector. Only when the country is peaceful space in the society but increase the tax The meeting was also attended by
residents rehabilitated and reconstruct- and stable in political and security meas- rate. SAC Vice-Chairman Deputy Prime Min-
ed with their funds. Now, terror acts of ures will inbound and outbound tourism He noted that sanctions were im- ister Vice-Senior General Soe Win, Union
KNPP groups have destroyed houses and industries boom. posed on Myanmar to face difficulties and ministers and officials together with chief
buildings in Loikaw, so it is challenging to With regard to coffee cultivation, the harm the banking system. As such, My- ministers of regions and states through
carry out rehabilitation tasks. Senior General stressed the need to ex- anmar needs to increase export volume videoconferencing. — MNA/TTA
Union Government Office Daily newspapers

2 UM receives ICRC available online
Resident Representative
FOR those who would like to
read the Myanma Alinn, the
Kyemon and the Global New
Light of Myanmar, published
daily by the Ministry of Informa-
UNION Minister at the Union of the Union Government Of-
tion, please visit www.moi.gov.
Government Office 2 U Ko Ko fice 2 in Nay Pyi Taw yesterday. mm/mal, www.moi.gov.mm/km,
Hlaing received the delegation During the courtesy call, www.moi.gov.mm/nlm and www.
led by Ms Elena Ajmone Ses- they cordially discussed hu- gnlm.com.mm/e-paper.
sera, Resident Representative manitarian assistance and in- News and Periodicals
of the International Committee ternational humanitarian laws. ICRC Resident Representative Ms Elena Ajmone Sessera calls on Union Enterprise
of the Red Cross at the Ministry — MNA Minister U Ko Ko Hlaing.
5 DECEMBER 2023
NATIONAL
Myanmar holds sports festival for basic education students
THE opening ceremony of a regions/states. He also high-
sports festival for basic educa- lighted the positive competitive
tion students for the academic spirit and the need to become
year 2023-2024 was held in Nay outstanding citizens, developing
Pyi Taw yesterday. the five essential strengths.
Speaking at the opening The sports festival will run
ceremony, Union Minister for from 4 to 15 December in Nay
Education Dr Nyunt Pe urged Pyi Taw, and 1,850 participants,
the participating students to try including sports team leaders,
hard to become outstanding ath- administrators, coaches and ath-
letes, whereas the talented ones letes, will participate. — MNA/
will be selected for various sports KTZH
such as football, volleyball, Sepak
Takraw, basketball, track & field,
table tennis and badminton. The inaugural event of the
sports festival for basic
He then talked about
education students in
achievements in competitions action yesterday in Nay Pyi
that can uplift the dignity of Taw.
respective schools, townships,
Counter-argument to false information
Airstrikes falsely reported to Social media flooded with misleading

have killed 3 locals, including information: False news, propaganda
4-month-old infant in Muse with inaccurate details spread
FALSE information that Tat-
madaw launched airstrikes at FALSE information is circulat- regional stability and reduce dia are deliberately writing and
11 pm on 3 December near Nam- ing on social media, including trust in the security forces. It is distributing false information on
khwan Village in Muse Township there were claims of security understood that malicious me- social networks. — MNA/KZW
of Shan State (North), resulting forces allegedly burning down
in three deaths, including a four- Htantabin village along Tamu
month-old infant, has been circu- Road, Tamu, Sagaing Region, as
lating on social media pages by well as assertions of two villag-
s
malicious media outlets. es in Ponnagyun being burned

w
ne
Tatmadaw conducts coun- by security forces in Rakhine

ke
ter-terrorist operations to ensure State. This misinformation is

Fa
security and law enforcement. contributing to the spread of

false narratives. ws
ne
During the armed engagement
near Namkhwan Village of Muse According to the security
Township on 3 December, artil- officials who are working in
ake
lery shells of terrorists fell into
the village and exploded. Screenshot validates
these areas and contacted the
residents, it was learned that F
misinformation. there is no movement of secu-
Tatmadaw did not launch
airstrikes in those areas, and people spread false news and rity forces in and around these
malicious media outlets that do misinformation to cause disinte- villages. As malicious media, the
not support the counter-terror- gration between the people and local people are afraid, this kind
ist operations of Tatmadaw and Tatmadaw. — MNA/KTZH of baseless fake news to destroy Screenshot validates a fabricated story.
Denial: Misinformation regarding Tatmadaw using

chemical gas bombs
FALSE information that Tatmad- media outlets, the State Admin- brave and effective fight, result- aw uses no chemical gas bomb
aw used chemical gas bombs istration Council stated on 4 ing in many casualties to AA and when it launches air strikes in all
in clashes with the AA terrorist December. disheartening them. Therefore, fights, and Tatmadaw will contin-
group in Chin State’s Paletwa Tatmadaw has carried out a they are spreading such false ue carrying out counter-terrorist
township when it launched air counterattack against AA terror- news with the help of malicious operations to ensure security
strikes has been circulating on ists by using heavy weapons and media, said the statement. and the rule of law in the area. Screnshot validates false
social media pages by malicious air strikes along with soldiers’ It continued that Tatmad- — Thit Taw/ZS information.
5 DECEMBER 2023
NATIONAL
Cherry Blossom Festival
set to be held in Loimwe
of Kengtung for five days
ACCORDING to the Directo- cast its estimated blossoming
rate of Hotels and Tourism of and flowering time. That’s why,
Shan State, the Cherry Blos- right now, we can say the festi-
som Festival is slated to be held val will be held in early January.
in Loimwe located in Kengtung In the cherry blossoming sea-
Township of eastern Shan State son, this area is fully covered
in 2024 for five days. with cherry flowers since many
The Cherry Blossom Fes- cherry trees were planted in
tival was first held in January the British colonial era; also,
2022, its second in January hundreds of them were planted
2023, and this upcoming event under projects in consecutive
will be its third. administrative eras. As far as
People visit the Cherry Blossom Festival in the previous year.
U Htin Aung Naing re- I can recall, around 500 cherry
marked, “The festival is set to trees were grown in the 1990s;
be held for five days in the pe- and another 500 trees were also are mostly grown in Chin State of them usually flowers alterna- mar, Viet Nam and Thailand
riod of the burgeoning cherry grown in 2022-23. Therefore, and Shan State. In Loimwe, tively in nature. The report says hold cherry blossom festivals.
season. However, we cannot there are at least over 1,000 there are two types of cherry the cherries are blossoming Cherry trees are also valued
set a confirmed date yet for the cherry trees in Loimwe.” trees, which can be divided into and usually last for a month. and loved in Japan. — ASH/
festival since we need to fore- In Myanmar, cherry trees sweet and bitter types. Either In Southeast Asia, Myan- TMT
Video/film director Maung Maung Myanmar Saemaul Geumgo

Myint Lwin passes launches online training
wife, Ma Phyu Phyu.
He died of a kidney problem at the age THE Department of Agricul- ard of rural communities.
of 56. He directed numerous films, including ture under the Ministry of The Myanmar Saemaul
“Thar Ah Chit Myay Ah Hnit”, “Ah Khon” (Shell), Agriculture, Livestock and Geumgo Online Training
“Suu” (Thorn), “Ma Kyay Pwal” (Revenge), “Nga Irrigation, along with the Ko- Course 1/2023 was inaugurat-
Mone”, and “Ah Pay Ah Tay Poe Htein” (Naughty rean Saemaul Geumgo Fed- ed at the Agricultural Educa-
Poe Htein). He dedicated nearly 30 years to the eration, jointly implements tion and Rural Development
film industry as a director. the Myanmar Saemaul Ge- Centre in Zeyathiri Town-
“He was hospitalized for a kidney problem umgo (village treasury) pro- ship, Nay Pyi Taw, yesterday.
at the Muslim Charity Hospital and passed away ject. The course will run for three
on the sixth day at the hospital. His funeral was The aim is to improve days, from 4 to 6 December,
Maung Maung Myint Lwin.
held following Islamic customs,” said his wife. the living standards of rural with 75 participants. Cur-
U Maung Maung Myint Lwin was a talented people by systematically col- rently, there are 35 village
MAUNG Maung Myint Lwin, an experienced vid- director who collaborated with actors such as lecting a pool of money, prac- treasuries actively working
eo and film director, passed away at the charity Thu Htoo San, Min Yazar, Zay Ye Htet, Wai Lu tising financial management, towards rural development
hospital in Kyauktada Township, Yangon Region, Kyaw, and others, creating many videos and and using capital alternately and the socio-economic en-
on the morning of 3 December, according to his movies. — ASH/TKO for rural development and hancement of rural commu-
enhancing the living stand- nities. — MNA/TRKM
Illegal timbers, industrial materials and

vehicles confiscated
CUSTOMS on-duty teams the Import Declaration (ID), at trict and a total of 1.348 tonnes
supervised by the Customs the Mayanchaung permanent of other illegal timbers worth
Department seized a Hyun- checkpoint on 3 December. The K202,200 in Toungoo district.
dai Kmefg tractor head with action was taken under Cus- The action was taken under
a trailer (estimated value of toms procedures. the Forest Law.
K45 million), travelling from A combined team man- Three arrests were made
Myawady to Yangon, carrying aged by the Bago Region Il- on 3 and 4 December, with an
three kinds of screen valued at legal Trade Eradication Task estimated value of K56,861,100,
K10.2 million, including 500 kilo- Force captured a total of 2.917 as reported by the Illegal Trade Myanmar Saemaul Grumgo Online Training through Zoom
grammes of plastic mosquito tonnes of illegal hardwood Eradication Steering Commit- application.
nets that were not declared in worth K1,458,900 in Bago dis- tee. — MNA/MKKS
5 DECEMBER 2023
NATIONAL
Botahtaung Pagoda
draws 2,000+ visitors
from 28 countries in 11
months
ACCORDING to the Pagoda Treas-
urer’s Board of Trustees, in the 11
months of this year, more than 20,000
foreigners from 28 countries have vis-
sted the Botahtaung Pagoda.
Between January and November
of this year, there were more than
20,000 pilgrims; for 2022, there were
only over 5,000 foreign visitors.
The most prominent foreign tour-
ists come from Thailand, Viet Nam,
and Russia, and pilgrims from 28
countries.
Starting from 1 December, the
entrance fee for foreigners to the pa-
goda has been increased from K10,000
to K15,000. — TWA/KZW
Thatbyinnyu Temple in Bagan. (Credit: Chinese Embassy to Myanmar)
Initial repair of quake-hit Thatbyinnyu

Temple completed
THE first stage of emergency main- which was damaged by an earthquake strength tests on the pagoda in line
tenance on the quake-affected That- in the Bagan Ancient Cultural Zone with the initial renovation plan. So far,
At Botahtaung Pagoda, Ms Souphaphone
byinnyu Temple has been completed, in 2016. they have observed no indications of
Chanthanileuth from Laos fixes a gold
according to the Department of Archae- The leading committee oversee- additional deterioration or instability. finger stent valued at over K14 million
ology and National Museum (Bagan ing the renovation of ancient cultur- The earthquake on 24 August 2016 during a donation event on 19 July
Branch). A group of Chinese experts al heritage in Bagan announced on 1 affected 389 ancient pagodas and tem- 2023. PHOTO: YMG
led the renovation works on the pagoda, December that the experts conducted ples in Bagan. — TWA/NT
Commencing 1 January, Agri exports earn US$1.9 bln in

online drug registration eight months
extension applications open
ACCORDING to the Ministry raw materials, consumer dried tea leaves, sugar, and
THE Department of Food and of Commerce, Myanmar’s ag- goods, and materials for CMP other farm goods. The primary
Drug Administration (FDA My- ricultural exports have gener- businesses. Agricultural pro- buyers are China, Singapore,
anmar) has announced that the ated over US$1.98 billion in the duce mainly comprises rice, Malaysia, the Philippines,
process for extending drug reg- past eight months. broken rice, beans and pulses, Bangladesh, India, Indonesia,
istration online will be allowed However, the statistics fruits and vegetables, sesame, and Sri Lanka. — TWA/NT
starting from 1 January 2024. from 1 April to 24 November
FDA Myanmar has notified indicate a decline of $286 mil-
that applicants should submit lion compared to the earnings
their extension applications of $2.26 billion during the same
through the e-submission sys- Varieties of drugs and medicines period last year. Exporters at-
seen in the market.
tem on the FDA Myanmar web- tribute this decrease to the
site at least 180 days before the sary documents online within a escalating commodity prices
registration expires. month. Failure to do so within within the country.
Applicants must pay the stipulated time will result The country’s exports en-
K300,000 for the preliminary in the removal of their registra- compass agricultural produce,
document scrutiny process tions from the online system. animal products, marine prod-
through digital payment on the The annual fee for each reg- ucts, minerals, forest products,
e-submission system. istered drug item is K300,000, finished products on a cut-
According to the FDA My- and it must be paid digitally make-pack (CMP) basis, and
anmar announcement, compa- on the e-submission system. other commodities. Myanmar Lorries laden with Watermelons seen lining up at the Myanmar-
nies must resubmit the neces- — ASH/TMT chiefly imports capital goods, China border.
5 DECEMBER 2023
NATIONAL
BUSINESS
YGN palm oil wholesale reference price set to dwindle this

week ending 10 December
THE wholesale reference rate of wholesale/retail shops of each
palm oil for the Yangon market company on 28 August, including
shrank to K4,920 per viss for a the address of the shops in the
week from 4 to 10 December respective townships and the
2023, according to the Super- number of available barrels.
visory Committee on edible oil The task force will govern
import and distribution. the market to meet the satis-
The wholesale price was faction of the end-users in the
registered at K5,000 per viss supply chain and get easy access
last week, ending 3 December. to the consumers.
The Supervisory Commit- It will also supervise the
tee on Edible Oil Import and market to ensure the palm oil
Distribution under the Ministry sales at wholesale prices are
of Commerce has closely ob- not higher than two per cent of
served the Free on Board pric- the net profit margin and retail
es in Malaysia and Indonesia, Community members lining up for the purchase of palm oil at affordable prices. prices are not higher than 10 per
adding transport costs, tariffs cent margin.
and banking services to decide merce informed the consum- high volatility in palm oil prices the Consumers Affairs Depart- The domestic consumption
the weekly wholesale market ers of lodging the complaints in the retail market and offer ment or sent to the Facebook of palm oil is estimated at one
reference rate for edible oil. for overcharging through the fairer prices to consumers in Page of the Department and the million tonnes per year. The lo-
Nevertheless, the market call centre’s hotline in late Au- coordination with the Myanmar region and state departments cal palm oil production is just
price was way higher than the gust. The Department urged Edible Oil Dealers Association concerned. about 400,000 tonnes. About
reference price. consumers not to buy palm oil and oil importing companies. Myanmar Edible Oil Deal- 700,000 tonnes of palm oil are
To tackle overcharging, the at high prices. The complaints for over- ers Association formed a task imported yearly through Ma-
Consumer Affairs Department The Department is making charging can be lodged over Hot force for edible oil price stability. laysia and Indonesia to meet
under the Ministry of Com- concerted efforts to steer the Line: 1535 of the Call Centre of It started informing the lists of domestic demands. — NN/EM
YGEA’s gold Security market extends downward trajectory in Nov

reference price rises THE continuous and block trading of
following spot gold the eight listed companies on the Yan-
price rally gon Stock Exchange (YSX) braced for

a downward spiral in November, with
282,673 shares worth K687.8 million, ac-
SPOT gold price hit a high of cording to the monthly report released
US$2,086 per ounce, driving the by the exchange.
Yangon Region Gold Entrepreneurs The equity market showed an up-
Association (YGEA) to raise the ref- ward trajectory with a total trading val-
erence price to K3.28 million per tical ue of K2.068 billion from 958,368 shares
(0.578 ounce, or 0.016 kilogramme). traded in July. Then, the trading values
The pure gold market price fluc- declined to K1.296 billion with 509,827
tuated upward to K3.72 million per shares in August and K1.38 billion with
tical in the grey market. There is a 302,164 shares in September. The down-
large gap of over K430,000 per tical ward trend persisted in October, with
between the YGEA’s reference price 305,102 shares and K771.89 million in
and the unofficial market’s rate. October 2023. A man looks at the LED board showing the stock exchange rates at YSX in Yangon.
The YGEA switched to the Central At present, shares of eight listed
Bank of Myanmar’s exchange rate companies — First Myanmar Investment TMH worth K4.15 million, 141,753 shares mote long-term and sustainable invest-
(K2,900) for interbank transactions (FMI), Myanmar Thilawa SEZ Holdings of EFR worth over K279.545 million, 423 ment, encourage good corporate govern-
in calculating the reference price for (MTSH), Myanmar Citizens Bank (MCB), shares of AMATA worth K2 million and ance, and support market orientation.
pure gold. The US dollar is currently First Private Bank (FPB), TMH Telecom 19,104 shares of MAEX worth K32 million The YSX conducts stock investment
exchanged at approximately K3,500 Public Co Ltd (TMH), the Ever Flow respectively last month. webinars and training courses to dissem-
in the grey market. River Group Public Co Ltd (EFR) and The share prices per unit fell to inate rules and regulations regarding the
The US dollar exchange rate Amata Holding Public Co Ltd. (AMATA) K8,800 for FMI, K2,900 for MTSH, K7,100 stock exchange and knowledge of share
determines the gap between the and Myanmar Agro Exchange Public Co for MCB, K1,550 for FPB, K2,450 for TMH, trading among the public. The YSX In-
domestic gold market value and Ltd (MAEX) were traded in the security K2,000 for EFR and K4,900 for AMATA vestment Virtual Series also offers insight
YGEA’s reference gold price. When market. The total trading volumes were and K1,650 for MAEX on the last day talks with listed companies’ executives
the dollar exchange rate surged to registered at 11,435 shares of FMI worth of November 2023. Next, the Securities and investment presentations by security
K4,000, the gold price peaked at K4 K98.84 million, 79,577 shares of MTSH and Exchange Commission of Myanmar companies every weekend at 4 pm on
million per tical in late August 2023. worth K230.65 million, 621 shares of MCB (SECM) has allowed foreigners to invest YouTube, Facebook, Viber, and Telegram
— NN/EM worth K4.6 million, 28,046 shares of FPB in the local equity market since 20 March platforms of the YSX, along with panel
worth over K44.7 million, 1,714 shares of 2020 to attract better capital inflows, pro- discussions with experts. — KK
5 DECEMBER 2023
8 www.gnlm.com.mm THE GLOBAL NEW LIGHT OF MYANMAR 9
INTERVIEW
Choose the best CONTINUE FROM
YESTERDAY:
Exclusive Interview as in which Russian universities
option for daily oil Graduates from Russian universities meet in Hanoi:
and institutes can conduct joint
research, organize programs of
Q3. Did the Forum help you dual degree, etc.”
consumption
establish contacts with the lead-
Reflections after the forum

ers of other associations of grad- Detail Biography
uates of Russian universities in Dr Hlaing Min Oo (Myan-
Asian countries? mar), a graduate of the National
I
N Myanmar, cooking oil is an indispensable component of daily Answers Research University “MPEI”,
meals, contributing to their flavour and appeal. Despite the Dr Hlaing Min Oo (Myan- Doctor of Sciences (DSc), Profes-
acknowledged drawbacks associated with excessive oil con- mar): “The Forum was very help- sor, Head of the Sub-Department
sumption, Myanmar’s populace continues to embrace oily meals ful in establishing contacts with Our meeting was fruitful, success- power, helping Russia expand of “Power Engineering” of the
as a routine part of their daily diet. the leaders of other associations ful, and unforgettable, as I had its political influence around the Scientific and Technical Research
While a certain amount of oil is necessary for meal preparation, of graduates of Russian univer- imagined before the Forum.” world.” Center in PyinOoLwin (Myan-
it is crucial to adhere to established limits. All foods inherently sities in Asian countries, as well Hasan Shahid (Pakistan): Ravdanzhamts Urgamal mar), the Honorary Professor
contain calories derived from oil, but an excess of oil can lead to as organizing cooperation for the “Yes, we have established a good (Mongolia): “I am happy about of National Research University
adverse health effects. Consequently, social organizations and exchange of knowledge between understanding with Graduate As- this idea. I am sure that partici- “MPEI”, Russia. (Fig. 2 and Fig. 3)
medical experts are advocating for a reduction in oil content in our educational organizations, sociations of different countries, pation in such a Forum will be a Siviengphet Phetvorasak
daily meals. which is an example of the unity of especially Russia, China, Vietnam, valuable experience for everyone (Lao), a graduate of Kyiv State
In accordance with health guidelines, individuals are advised the global educational community India, Bangladesh, Sri Lanka and and bring new impressions, ac- Pedagogical Institute of Foreign
to limit their daily oil and oily meal intake to 1.8 ticals (one tical and emphasizes the importance Nepal. During the Forum, we con- quaintances and inspiration for Languages, Director of the Centre
is equal to 0.0163 kilogramme). Excessive oil consumption poses of collective efforts to solve global cluded that the meeting of Asian our further movement forward, for Open Education at the Lao
health risks, and it is essen- problems.” Alumni Associations from Soviet the same way it happened this National University, former Am-
tial to distinguish between Siviengphet Phetvorasak and Russian universities was use- time.” bassador of Laos to the Russian
To achieve a balance saturated oil, unsaturated (Lao): “Certainly, the Forum ful. We met with rectors and repre- Hasan Shahid (Pakistan): Federation, PhD in Philology (Fig.
between local oil, and transformed oil. Un- has helped establish contacts sentatives of various Russian Uni- “We agree that this kind of Forum 4)
saturated oils, including olive with them and create favourable versities for active cooperation in should be organized every year for Jainal Abedin (Bangladesh),
consumption and oil, groundnut oil, sunflower conditions for further coopera- a graduate from the Kuban State
the field of exchange of experience foreign graduates of universities
export demands, oil, sesame oil, soybean oil, tion between foreign graduates and scientific research, as well
individuals must corn oil, and avocado oil, are of Soviet and Russian universi- as with delegations from RUDN
consider increasing the deemed healthier options. ties and Russian universities. The University, St. Petersburg State
Saturated oils, found in Forum provided an opportunity University, Ural Federal Universi-
production of cooking
pork, beef, chicken, palm oils, to immerse into the creative and ty named after the first President
oil while concurrently and dairy products, can affect innovative activities of graduate of Russia B N Yeltsin and Tyumen
reducing personal health differently. Consumers associations of Russian universi- Industrial University.”
Memory after the lecture on Lifelong Learning - Future Education Concept.
oil consumption are advised to minimize the ties in Asian countries.”
use of these oils, ensuring that Jainal Abedin (Bangla- Q4. How do you feel about
to safeguard their
saturated oil constitutes less their cooperation in general. At like to express my gratitude to
health. This is because than 10 per cent of their daily the end of the Forum, certificates Rossotrudnichestvo for the invi-
Myanmar prefers to caloric intake. Transformed of advanced training were award- tation to this historical Forum in
eat too many oily oils, often resulting from deep ed. I consider the main result of Hanoi, the birthplace of the Great
frying or refining processes, the Forum to be the creation of Ho Chi Minh.”
meals on a daily basis,
should also be consumed ju- a strong foundation for further Dr Ratindra Nath (Nepal):
spending a large sum diciously. cooperation between foreign grad- “It is necessary to organize such
Jainal Abedin (Bangladesh), a graduate of the Kuban State Agrarian
University, Secretary-General of the Association of Soviet University
of money. By aligning As Myanmar relies heav- uates from Russian universities events every year. This will help Graduates in Bangladesh.
daily oil consumption ily on agriculture, particular- and Russian universities them- the Russian side share informa-
ly oil crops, it is imperative selves. In conclusion, on behalf tion about its achievements in the of the USSR and Russia. The topic Agrarian University, Secretary
with recommended
to expand the cultivation of of the graduates from Laos, let field of science and technology, as should focus on education and General of the Association of
guidelines, individuals crops like groundnut, sesame express my deep gratitude to well as trends in education and health, representing key issues Soviet University Graduates in
not only promote their me, and sunflower for both Rossotrudnichestvo, the Ministry healthcare. The platform of the for developing countries such as Bangladesh (Fig.5)
well-being but also domestic consumption and of Education and the Ministry of Forum also acts as a peaceful Pakistan. There are many are- Dr Ratindra Nath (Nepal),
export purposes. Regions like Health of Viet Nam for the warm Professor, Dean of Kathmandu
contribute to increased
Magway and Taninthayi have Ravdanzhamts Urgamal (Mongolia), a graduate of St. Petersburg State reception and the excellent real- Chinnamangal Medical College
economic gains for the been recognized as vital con- University, teacher at the Mongolian State University of Education, Doctor
Dr Ratindra Nath (Nepal), Professor, Dean of Kathmandu Chinnamangal
ization of the Forum in Hanoi.” (Nepal), Head of the Department
Medical College (Nepal), Head of the Department of Anatomy.
nation. tributors to the country’s oil of Pedagogical Sciences, Executive Director of the University Graduate Jainal Abedin (Bangla- of Anatomy (Fig.6)
production, playing a crucial Association in Mongolia. desh): “I feel positive about the Ravdanzhamts Urgamal
role in bolstering the economy. Russia and Asian countries in and that our graduates of Soviet idea of holding the Forum of For- (Mongolia), a graduate of St Pe-
In the 2022-23 cultivation season, approximately 800,000 acres desh): “This was an excellent the idea of holding the Forum of the field of education and med- and Russian universities could be eign Graduates from Russian tersburg State University, teacher
were dedicated to oil crops, excluding oil palm plantations. This opportunity for us to establish Foreign Graduates of Russian icine, helping to strengthen the encountered in all corners of the Universities annually in different at the Mongolian State University
extensive cultivation is projected to yield 680,000 tonnes of cooking contacts with the leaders of other Universities annually in different traditional relations of friendship world every year.” countries of the world. And I really of Education, a Doctor of Peda-
oil, surpassing the nation’s oil sufficiency needs by 26.2 per cent. associations of graduates of Rus- countries of the world? between our countries. Let us Siviengphet Phetvorasak hope that this event will become gogical Sciences, and Executive
To achieve a balance between local consumption and export sian universities in Asian coun- Answers commit ourselves to upholding (Lao): “I am absolutely positive traditional. I do not doubt that Director of the University Grad-
demands, individuals must consider increasing the production of tries and exchange experiences.” Dr Hlaing Min Oo (Myan- the values we have learned during about it. I consider annual forums such systematic work will be fruit- uate Association in Mongolia
cooking oil while concurrently reducing personal oil consumption Dr Ratindra Nath (Nepal): mar): “The Forum that took place our education and positively con- in different parts of the world nec- ful. We need to meet more often to (Fig.7)
to safeguard their health. This is because Myanmar prefers to eat “Undoubtedly, such contacts have indicates that Russia pays close tribute to the world in which pro- essary and important because exchange experience and develop Hasan Shahid (Pakistan),
too many oily meals on a daily basis, spending a large sum of money. been established.” attention to foreign graduates of gress is in harmony with ethical they will strengthen friendship further work plans. Holding such Head of the Pakistan Association
By aligning daily oil consumption with recommended guidelines, Ravdanzhamts Urgamal Soviet and Russian universities. considerations and environmen- and cooperation between foreign forums will certainly help to in- of Russian University Graduates
individuals not only promote their well-being but also contribute (Mongolia): “Yes, of course, it The results of the Forum are of tal well-being. Once again, I wish graduates from Russian universi- tensify the work of associations (Fig.8)
Hasan Shahid (Pakistan), Head of the Pakistan Association of Russian
to increased economic gains for the nation. really helped. Most likely, we be- great value for the further devel- the organizers and participants ties and Russian universities, ex- of Soviet and Russian university
University Graduates.
came both partners and friends. opment of cooperation between of the Forum new achievements pand their close ties, and deepen graduates. In conclusion, I would
5 DECEMBER 2023
ENVIRONMENT
WORLD
Volunteer divers guard Oman’s ‘unique’ coral reefs

ON a sailing boat anchored off “Coral reefs are a refuge for dynamite fishing and pollution,
Oman’s pristine Daymaniyat Is- marine habitat and wildlife,” said wiped out a startling 14 per cent
lands, volunteer divers pull on Hammoud al-Nayri of Oman’s of the world’s reefs between 2009
wetsuits, check their scuba tanks environmental authority, as he and 2018, according to the Global
and then take turns plunging into watched the divers. Coral Reef Monitoring Network.
the clear turquoise water. “To protect marine ecosys- But Oman’s relatively cooler
They are diving for a reason: tems, we must first preserve waters provide a rare refuge for
to remove the massive fishing coral reefs,” said the 45-year-old its reefs, which are among the
nets damaging an unusually re- who oversees the Daymaniyat least studied in the world.
silient coral reef system that is Islands, Oman’s only marine “Oman’s reefs are actually
seen as more likely than most to reserve. considered to be relatively less
survive rising sea temperatures. Most shallow-water corals, vulnerable than some regions,”
The clean-up is one example battered and bleached white by said John Burt, associate pro-
of how divers and Omani author- repeated marine heatwaves, are fessor of biology at New York
ities are joining forces to protect “unlikely to last the century”, University Abu Dhabi.
the reefs — which are critical the Intergovernmental Panel on “This is largely due to the
A volunteer diver shows fishing nets removed from coral reefs at Oman’s
for marine wildlife — from man- Climate Change said last year. influence of the monsoon,” the
Dimaniyat islands on 4 October 2023. PHOTO: AFP
made damage. Global warming, as well as marine expert explained. — AFP
Net-zero targets must include In Peru, a small carbon

fossil fuel ‘phase-out’: monitor footprint is not a choice
SOFIA Llocclla Pellaca always Emirates.
and the head of state oil giant descends on foot from the unlit “I walk down, I walk where
ADNOC — said there was “no hill where she lives with hardly I need to be, I walk back” up the
science” to show that phasing any electricity on the outskirts hill, said Pellaca, 31, a single
out fossils fuels would achieve of Lima. She rarely eats meat mother of two who barely uses
the world’s climate goals. and cooks on a gas or wood public transport, owns no car or
Jaber also said that remov- stove. motorbike, and has never trav-
ing fossil fuels would take the She has never even heard elled by plane.
world “back into caves”, accord- of a carbon footprint. Pellaca is a domestic work-
ing to a video published by The While some climate-con- er who earns less than half Pe-
Guardian. scious people in rich countries ru’s minimum wage of $265 per
The Net Zero Tracker anal- try to restrict their carbon emis- month.
ysis looked at more than 1,500 sions, Pellaca’s minimal impact She lives in a shantytown
nations, regions, cities and large on the environment is an unhap- in the fog-covered desert high-
companies who have commit- py side-effect of poverty. lands of the Peruvian capital
Delegates queue to enter the Expo City venue during the COP28 United ted to any kind of net-zero tar- Giving the poor a better life that are home to many of Lima’s
Nations climate talks in Dubai on 4 December 2023. PHOTO: AFP get, analyzing how serious they and spurring economic growth 2.7 million poor people.
are about achieving the goal. while also curbing planet-harm- Peru’s economy mainly
MOST countries which have Yet only 13 per cent of those Around 95 per cent of coun- ing emissions is one of the major leans on fishing and mining,
committed to a target of net-ze- countries have made at least tries that produce oil and gas challenges facing world leaders with 73 per cent of the working
ro carbon emissions have not one commitment to phase out have not pledged to phase out meeting for COP28 climate talks population in the informal sec-
announced any plans to phase the use, production or explora- exploration, the analysis found. next month in the United Arab tor. — AFP
out fossil fuels, putting those tion of coal, oil and gas, said the It was more positive when
pledges at risk of being little platform, which is run by sever- it came to companies, finding
more than a “bumper sticker”, al research centres including that 56 per cent of firms working
a climate monitor warned Mon- Britain’s Oxford University. in coal production had at least
day. Natasha Lutz, the group’s partially committed to phasing
A new report from the co-data lead, suggested that the out the particularly dirty fuel.
group Net Zero Tracker was proliferation of net-zero pledges African and European
released amid contentious ne- could amount to little if they companies were relatively well
gotiations at the COP28 climate are not matched by phase-out represented in the phase-out
talks in Dubai about whether na- plans. plans, while US firms lagged
tions will agree to “phase down” “A pledge without a plan far behind.
or “phase out” planet-heating for implementation is at risk The report also praised
fossil fuels. of becoming a bumper-sticker; Spain for including phase-out
Some 150 countries have broadcasted but never taken plans in legislation, Swedish
committed to a net-zero emis- seriously,” she said. capital Stockholm for its emis-
sions target of some kind, cover- The report was released a sions reductions targets and
ing 88 per cent of all human-driv- day after it was revealed that Danish energy company Orsted (FILES) Sofia Llocclla Pellaca (31) gets water from a fog catcher in Villa
en greenhouse gases emitted Sultan Al Jaber — who is both for divesting from fossil fuels. Maria del Triunfo district, on the southern outskirts of Lima, on 7 October
worldwide, the report said. the UAE’s COP28 president — AFP 2023. PHOTO: AFP
5 DECEMBER 2023
LIFESTYLE
WORLD
Feeling stressed? Cuddle a cow, says UK dairy farm

MORAG, an imposing Highland was an added challenge, leaving
cow with a caramel coat, ambles the farm under water often for
out of the main shed at Dumble months at a time.
Farm in northern England and Wilson said she and her
stands ready to meet her guests. partners at the farm, who include
Visitors have travelled from her husband and brother, were
far and wide to the farm near working 14 hours every day of the
Beverley in east Yorkshire, not year and losing money.
to buy milk, yoghurt or cheese, "It's impossible to live like
but to enjoy a cuddle with Morag that," she said. "There was just
and her companions. no future. We were just getting
Fiona Wilson and her nowhere."
co-farmers at Dumble Farm In January 2022, the farmers
started offering the cuddling decided to diversify and sold off
sessions in February when it their dairy herd other than five
became obvious that econom- cows that they could not bring
ic difficulties of modern dairy themselves to leave.
farming had become untenable. "They were our friends real-
"Some people like to engage ly, with placid friendly natures,"
with dogs or cats or horses and Wilson said.
other people find that cows are "We thought maybe that we
the animals they want to be Ella Gartell-Bishop takes part in a 'Cow Cuddling' experience with a small herd of retired dairy cows on Dumble could try having a go at cow cud-
with," Wilson told AFP. Farm in Arram, near Beverley, north east England on 29 November 2023. PHOTO: AFP dling, just to earn a bit of extra
"People are coming for a money on top of our conserva-
wellbeing point of view. That anx- their dairy farming business. farms in 1950. By 1995 there were jor milk buyers, the Agriculture tion scheme and also to engage
iety relieving-ness of being with Economic hardship has just 35,700. and Horticulture Development people with what we were doing
animals is almost like a therapy." forced farmers to leave the in- Lower milk prices and rising Board, which represents farm- here."
Horn of a dilemma dustry in their droves for dec- energy, fuel, feed and fertilizer ers, estimated that there were The farm prepared the cows
Dumble Farm's owners ades. costs since the outbreak of war in 7,500 dairy producers in Britain for months before inviting cus-
looked to diversify because a According to a House of Ukraine 20 months ago has been in October 2023. tomers to come and cuddle them
sharp fall in the price of milk Commons Library research a nail in the coffin for many more. For Dumble Farm, flooding — and the cows appeared happy
and high inflation was crippling brief, the UK had 196,000 dairy In its latest survey of main six out of the past seven years to oblige. — AFP
Art exhibition opens as part of Detective Conan-themed train

Liangzhu Forum in east China
starts operation in Japan's Tottori
A special express train dec- and abroad. themselves in the Conan world.
orated with characters from Both the exterior and The launch of the themed
the famous manga "Detective interior of the Detective Co- train service has attracted
Conan" departed at the Kuray- nan-themed Super Hakuto Conan fans from other parts
oshi station in Japan's man- train, bound for Kyoto, feature of Japan.
ga hub Tottori Prefecture on various depictions of the iconic "I am so excited to see the
Sunday as the region looked characters in the manga so decorated train carriages and
to attract tourists from home that passengers can immerse really look forward to the tour,"
said a passenger who took an
overnight bus from Tokyo for
the train ride.
The Super Hakuto Limited
A woman visits the art exhibition of "Silk Road Artists' Rendezvous" in
Hangzhou, capital of east China's Zhejiang Province, 3 December 2023. Express, jointly operated by
PHOTO: XINHUA Chizu Express Co Ltd and the
West Japan Railway Company,
AN art exhibition opened as a sideline event of the first Liangzhu connects Tottori Prefecture,
Forum on Sunday in Hangzhou, east China's Zhejiang Province. the hometown of Detective Co-
The exhibition, "Silk Road Artists' Rendezvous", features 152 nan's creator Gosho Aoyama,
works created by 84 artists from 83 countries. with Japan's Keihanshin area
In late November, the artists visited various scenic locations including the cities of Kobe,
across Zhejiang, including the Liangzhu ancient city and the West Osaka, and Kyoto.
Lake, a UNESCO World Heritage Site in Hangzhou, and created As the 2025 World Expo-
works inspired by their week-long tour. Since 2009, hundreds of sition in Osaka approaches,
artists from nearly 100 countries have participated in similar "Silk The Detective Conan-themed train waits for departure at the Tottori anticipates a surge in
Road Artists' Rendezvous" visits to China, which were organized Kurayoshi station in Tottori, Japan, 3 December 2023. PHOTO: visitors with the special train
by the Ministry of Culture and Tourism several times. — Xinhua XINHUA service. — Xinhua
5 DECEMBER 2023
ECONOMY
WORLD
Malaysia’s Gold hits record high as

manufacturing activity equities weaken
to improve in near GOLD hit a record high Mon-
term: research houses day as growing optimism that

the Federal Reserve will cut
US interest rates in the new
RESEARCH houses in Malaysia export performance moving for- year has dented the dollar in
on Monday anticipated the coun- ward, it said. recent weeks.
try’s manufacturing activity to Consequently, it forecast that The precious metal,
improve in the near term after Malaysia’s gross domestic prod- seen as a haven investment,
S&P Global Malaysia Manufac- uct (GDP) growth will continue reached an all-time pinnacle
turing Purchasing Managers’ In- to expand in the final quarter at $2,135.39 an ounce.
dex (PMI) rose to a seven-month this year, reaching 3.7 per cent, Profit-taking later set in,
high of 47.9 in November. primarily driven by a resilient leaving it to trade at $2,069.01.
Kenanga Research said in domestic demand, bolstered by The dollar was also firmer
a note on Monday that the slow- year-end festive spending and a Monday.
down in Malaysia’s manufactur- rise in tourist arrivals. Gold is benefitting also (FILES) A worker polishes gold bullion bars at the ABC Refinery in
Sydney on 5 August 2020. Gold prices soared to a record high above USD
ing activity may reach its bottom Additionally, it said the from the Israel-Hamas war 2,100 on 4 December 2023 as traders grow increasingly confident the
and is expected to gradually im- growth will also be supported by according to analysts. Federal Reserve will cut interest rates in the new year. PHOTO: AFP
prove in the near term. increased fiscal spending, as the “Concerns about the
According to the research government typically ramps up shaky global economic back- Elsewhere, bitcoin traded first quarter of 2024.
house, the recent uptick in Ma- spending towards the year’s end. drop and the Israel-Hamas above $40,000 for the first time Bets on an easing of mon-
laysia’s manufacturing PMI MIDF Research also said in conflict have fuelled investor since May last year, boost- etary policy were ramped up
suggests a possible resurgence a note that the better PMI read- demand for safe-haven assets ed by hopes that the Unit- when Powell said Friday that
in the health of the manufacturing and improved manufacturers’ like gold,” said Victoria Schol- ed States would soon allow it was “well into restrictive
ing sector as the year draws to a optimism reflected a more posi- ar, head of investment at In- broader trading of the world’s territory” after more than a
close, with the positive momen- tive outlook for the sector. This is teractive Investor. biggest cryptocurrency. year of hikes that have put
tum extending into 2024. also aligned with its expectations “Plus, expectations for Major stock markets borrowing costs at a two-dec-
This is partly attributed for recovery in Malaysia’s trade Fed rate cuts next year have mostly fell in Europe and ade high.
to the potential upswing in the and production activities. put downward pressure on Asia, while oil prices dropped. Central banks around
technology sector and China’s “On that note, we continue the US dollar which is trad- Traders are shrugging the globe have sent inter-
gradual recovery, both of which to expect Malaysia’s exports of ing around three-month lows, off Fed boss Jerome Powell’s est rates soaring, helping to
are expected to contribute to goods will pick up and rebound adding to gold’s attractive- attempts to temper expecta- bring down surging inflation.
an improvement in Malaysia’s in 2024,” it said. — Xinhua ness.” tions of US rate cuts in the — AFP
‘Where is our future’: Uganda German exports disappoint

declares war on used clothing again in October
GERMAN exports fell unexpect- was driven by a 2.7-per-cent
“Where is our future edly in October on the back of plunge in demand from EU
if they stop secondhand lower demand from fellow Eu- member states, against a som-
clothes?” the 62-year-old ropean Union countries, official bre economic backdrop.
asked, rummaging through data showed Monday. Shipments of “made in Ger-
her stash of underwear, dress- Exports totalled 126.4 bil- many” goods to other parts of
es, shoes and bags. lion euros ($137 billion), down 0.2 the world were up 2.9 per cent
Established in 1971, the per cent on the previous month, however, including a 5.7-per-cent
sprawling market employs according to adjusted figures jump in exports to the United
some 80,000 people, 70 per from federal statistics agency States.
cent of them women, accord- Destatis. The German economy, the
ing to Kampala city author- Analysts surveyed by Fact- EU’s largest, has struggled to
ities. set had predicted a one-per-cent find its way out of a downturn
“Other than students, rebound in exports following a in recent months as it battles
my clients include ministers dip in September. headwinds including the fallout
Sellers offering second-hand clothes wait for costumers at a market in (and) members of parliament Imports meanwhile de- from Russia’s war in Ukraine,
Kampala on 7 October 2023. PHOTO: AFP who call me to deliver clothes clined more sharply by 1.2 per high inflation and weaker de-
to their air-conditioned offic- cent month-on-month, totalling mand from key market China.
FOR nearly three decades, raise 12 children. es,” said Joseph Barimugaya, 108.6 billion euros. The German government
the chaotic, overcrowded But a potential govern- whose stall stocks menswear. As a result, the country’s expects output to contract by 0.4
Owino secondhand market in ment ban on the sale of used “This trade should not trade surplus — the difference per cent this year.
Uganda’s capital has been the clothing threatens to sever be tampered with. Everyone between exports and imports — The International Monetary
cornerstone of Hadija Nakim- this crucial lifeline for Nakim- benefits, including the govern- grew to 17.8 billion euros from Fund believes Germany will be
uli’s life, helping the widowed uli and tens of thousands of ment, which gets taxes,” the 16.7 billion in September. the only major advanced econ-
shopkeeper build a house and vendors like her. father of four told AFP. — AFP The latest drop in exports omy to contract in 2023. — AFP
5 DECEMBER 2023
BIZ
WORLD/AD
Local speciality industries thrive amid Toyota to make 20% of

China’s rural revitalization drive European sales zero-
emission cars by 2026
rich in fat, protein and
trace elements such as TOYOTA Motor Corp said been ramping up its efforts
phosphorus, calcium and Monday it will increase the to expand its line-up of bat-
potassium. percentage of zero-emis- tery-driven cars as part of
Grown in the county sion vehicles in its Europe- its strategy to offer a wide
of Xinhe, north China’s an sales to over 20 per cent range of green cars and ca-
Hebei Province, this by 2026, offering at least ter to different energy sit-
product has been in short 15 electric and fuel-cell uations across the world.
supply in the Beijing-Tian- models. “Whilst we will contin-
jin-Hebei region due to its The plan comes as the ue to offer multiple carbon
widespread popularity in European Union is set to reduction technologies, we
recent years. ban sales of gasoline-pow- will also steadily increase
This year, the coun- ered cars in 2035, prompt- the number of zero-emis-
ty cooperated with a Bei- ing global automakers sions vehicles we offer
jing-based agricultural to accelerate a shift to to customers,” Yoshihiro
company to build a mod- all-electric cars. Nakata, CEO of Toyota
ern agricultural industry The world’s biggest Motor Europe, said in a
demonstration base span- carmaker by volume cur- statement.
ning around 667 hectares, rently offers five EV mod- All Lexus brand mod-
Guests learn about local specialities at the 2023 Boao Forum for Entrepreneurs in Boao,
south China’s Hainan Province, 3 December 2023. PHOTO: XINHUA focusing on robust devel- els and one FCV under the els are scheduled to be
opment of the edible fungi Toyota brand and two EVs EVs by 2035 globally, but
AT the start of the har- cultivation mainly for epitome of a local special- industry. under the upscale Lexus for the European market,
vesting season, the air in subsistence for much ty industry thriving amid “We have transi- brand. it plans to achieve that
the village of Yongchu is of this period. However, China’s rural revitaliza- tioned Xinhe Jin’er plant- Toyota, which was goal by 2030 if market sit-
filled with the aroma of these traditional crops tion drive. ing to an intelligent fac- once seen as reluctant to uations allow, Toyota said.
rice wine. have gained added value At the ongoing 2023 tory cultivation model,” embrace EVs, has recently — Kyodo
In Baisha Li Autono- in recent years, evolving Boao Forum for Entre- said Chen Long, deputy
mous County, south Chi- into grain commodities preneurs in Boao, a coast- head of the Hebei Brand
na’s Hainan Province, the popular with urbanites. al town in Hainan, local Building Research Insti-
ripening of its distinctive This transformation specialities from across tute. “Compared to wild
Shanlan rice marks the is enabling locals to earn the country have gained species, artificial culti-
season for ethnic villag- extra money. In the vil- much attention, highlight- vation offers speed, high
ers to welcome relatives lage of Yongchu alone, 184 ing how products once yields, and a relatively
and friends to taste home- rural families currently stuck deep in mountains simple planting process.”
grown rice and drink the rake in a combined an- or the rural hinterland Another such exam-
wine made from it. nual income of more than have found their way to ple is the broader mar-
The upland rice va- two million yuan (280,300 a broader market. ket developing a taste
rieties cultivated by the US dollars) from Shanlan One of the specialties for coarse grains from
ethnic Li people have a rice and related products. on show at the event is the city of Xinzhou, north
rich history, spanning The specialities of Jin’er, or Golden Ear in China’s Shanxi Province.
up to 1,000 years, with this village are just an English, an edible fungus — Xinhua
A senior Toyota Motor Corp official speaks about the
Japanese automaker’s sales strategy in Europe during an
event in Brussels on 29 November 2023. PHOTO: KYODO
Thailand, Hong Kong launch cross-border

QR payment for seamless transactions CLAIMS DAY NOTICE
M.V AQUILA GLORY VOY.NO. (2313)
THAILAND and China’s Hong cording to a joint press release by and economic activities between Consignees of cargo carried on M.V AQUILA
Kong Special Administrative Re- the Bank of Thailand (BOT) and the two economies, Sethaput said. GLORY VOY.NO. (2313) are hereby notified that the
gion launched a cross-border QR Hong Kong Monetary Authority Eddie Yue, chief executive of vessel will be arriving on 7-12-2023 and cargo will be
discharged into the premises of MKH where it will lie at
code payment service on Monday, (HKMA). the Hong Kong Monetary Author-
the consignee’s risk and expenses and subject to the
aiming to provide a swift, secure, Sethaput Suthiwartnarueput, ity, said the launch of the service byelaws and conditions of the Port of Yangon.
and easily accessible retail pay- governor of the Bank of Thailand, marked an important milestone for Damaged cargo will be surveyed daily from 8 am
ment experience for travellers. said the collaboration marks a sig- Hong Kong’s FPS in expanding its to 11:20 am and 12 noon to 4 pm to Claim’s Day now
Through the link between nificant step towards a more inter- utility to cross-border payments. declared as the third day after final discharge of cargo
from the Vessel.
Thailand’s PromptPay and Hong connected and digitized financial Seven participating banks
No claims against this vessel will be admitted after
Kong’s Faster Payment System landscape in the region. and two non-bank Stored Value the Claims Day.
(FPS), customers can use their This cross-border QR pay- Facilities from Hong Kong, along Phone No: 2301928
mobile payment applications to ment system is expected to bring with three commercial banks from Shipping Agency Department
scan QR codes displayed by mer- tangible benefits to the 1.5 million Thailand, are among the service Myanma Port Authority
chants for a seamless and efficient tourists from Hong Kong and Thai- providers offering this cross-bor- Agent For:
transaction, while merchants land, enhancing convenience for der payment service, according to M/S BEN LINE AGENCIES (S'PORE) PTE LTD
receive their funds instantly, ac- travellers and supporting tourism the joint press release. — Xinhua
5 DECEMBER 2023
ROLLING
WORLD
UPDATES
Rains pound southern India ahead of cyclone
RAINS lashed southern India’s Trees were uprooted and
city of Chennai on Monday ahead vehicles swept away due to the
of the landfall of a powerful cy- heavy rains, according to imag-
clone, with a crocodile spotted es posted on social media.
swimming the streets and cars The police posted images
floating away. of rescuers evacuating people
Cyclone Michaung will hit from waterlogged areas.
the Andhra Pradesh state’s Tamil Nadu government of-
coast on Tuesday morning as a ficial Supriya Sahu warned peo-
“severe cyclonic storm”, pack- ple not to approach a crocodile,
ing winds of 90-100 kilometres after one was spotted on the
(55-62 miles) per hour winds streets after being been washed
with gusts up to 110 km/h, the out by the rains.
Indian Meteorological Depart- “No need to panic,” Sahu
ment (IMD) said. posted on social media.
In Tamil Nadu, the airport “There is no possibility of
in state capital Chennai was harm to humans IF these ani-
expected to be closed until late mals are left alone and UNPRO-
Monday, local media reported, VOKED.”
as rains pounded the city. The cyclone is expected
The IMD issued warnings to hit India’s southeast coast
to those fishing in the area to at the town of Bapatla, on the
suspend operations, warning 300-kilometre (185-mile) long
of expected “major damage” to Commuters make their way through a flooded road after heavy rains in Chennai on 4 December 2023. Cyclone stretch between Nellore and
thatch huts along the coast. Michuang is expected to make landfall on 5 December along the southern coast. PHOTO: AFP Machilipatnam. — AFP
Six Thai hostages return home 11 hikers dead after

after release by Hamas Indonesia volcano erupts,
dozen still missing
as authorities made prepara-
tions to fly them home. ELEVEN hikers were found dead 2,891-metre volcano rained ash
Five of the former hos- Monday and another 12 were on nearby villages, according to
tages are expected to transfer missing after a volcano erupted a local rescue official.
immediately to their home in Indonesia, with rescuers racing Twelve were missing, three
cities around the kingdom, to carry injured and burned survi- more were found alive and 49 had
according to the foreign min- vors down the mountain on foot. safely descended from the crater,
istry. Rescuers worked through some with burns and fractures,
The returnees were re- the night to find dozens of hikers the official said.
leased during a temporary stranded on Mount Marapi on the “Until now I have not re-
truce that saw scores of peo- island of Sumatra after it spewed ceived any information,” said
ple released before it expired an ash tower 3,000 metres (9,340 Dasman, father of missing hiker
on 1 December. feet) — taller than the volcano Zakir Habibi, who made a two-
Another nine Thais are itself — into the sky on Sunday. hour drive from Padang city to the
Thai nationals, who had been kidnapped and taken hostage by still among the hostages tak- The dead hikers were found base of the mountain last night in
Palestinian Hamas militants during the 7 October attack on Israel, en by Palestinian militants, near Marapi’s crater after the hope of good news. — AFP
pick up their luggage after arriving back in Thailand at Bangkok’s according to Bangkok’s for-
Suvarnabhumi Airport on 30 November 2023. PHOTO: AFP
eign ministry.
Israel has responded to
SIX Thai hostages kidnapped At least 32 Thais were ab- Hamas’s 7 October attack
and held for weeks in the ducted by Hamas, with Bang- with a massive campaign of
Gaza Strip by Hamas arrived kok’s foreign ministry and air, artillery and naval strikes
back in the kingdom on Mon- Thai Muslim groups working alongside a ground offensive
day, officials said. to negotiate their release. into Gaza, killing more than
Tens of thousands of Seventeen returned last 15,500 people, mostly civil-
Thais were working in Isra- week and on Monday six ians, according to Palestinian
el, mostly in the agricultural more landed at the capital’s officials.
sector, when Palestinian mil- Suvarnabhumi airport at Thailand had 30,000 citi-
itants poured over the bor- around 2:00 pm (0700 GMT) zens in Israel when the raid
der on 7 October, killing 1,200 after weeks in captivity. occurred, the majority of
people, mostly civilians, and Since their release by Ha- them migrant workers from
kidnapping roughly 240, ac- mas, the six have been recu- poorer provinces in the king- Volcanic ash spews from Mount Marapi during an eruption as seen from
cording to Israeli authorities. perating at a hospital in Israel dom’s northeast. — AFP Batu Palano village in Agam on 4 December 2023. PHOTO: AFP
5 DECEMBER 2023
SPORTS
Victorious Shan United has Myanmar Vovinam athletes
chance to defend championship
arrive back with two golds,
three silvers, nine bronzes
THE final day of the 2023 MNL lead in the first half.
championship (Match-21) took In the match held at the
place on 4 December, with cham- YUSC stadium, Myawady won
pion Shan United securing a vic- against Maha United by four
tory and edging closer to defend- goals to two goals.
ing their title. After Matchday 21, the cur-
In the match held at Thu- rent champion, Shan United,
wunna Stadium, Shan United leads with 56 points, followed by
secured a victory over Yadana- the Yangon team with 50 points.
bon United, scoring four goals The Hanthawady team has 34
to two. This win sent them closer points, Dagon Star has 28 points,
to the championship, and they and Rakhine United and ISPE
can clinch the title by earning at Club have 26 points each. The
least one point in the remaining Ayeyawady and Myawady teams
two games. secured 25 points each. Yadana-
As it was the decisive peri- bon won 20 points. Unfortunately,
od for the championship, Shan the GFA team earned 12 points,
United deployed several players, and the Kachin United, which
including foreign ones. They initi- made 10 points, faced relegation
ated scoring after 20 minutes and before the season’s conclusion.
successfully secured a three-goal — Ko Nyi Lay/KZW
Myanmar Vovinam athletes are welcomed back by officials, parents and fans at the Yangon International
Airport yesterday.
THE Myanmar Vovinam ath- Thu Soe Aung, Hein Htet Aung, one bronze medal in the Male
letes who secured two gold, Chit Nodi Saung, May Honey Ying Yang Sword Form Team
three silver, and nine bronze Aung Lwin, and Eaindray Phoo 4 event.
medals in the 7th World Vovinam earned one silver medal in the 3 Moreover, Aung Khine Lin,
Championships in Viet Nam Male, 3 Female categories, May Hein Htet Aung, Kyaw Thu
arrived back in Yangon on 2 Honey Aung Lwin grabbed one Soe Aung and Tin Htoo Aung
December. silver medal in the Ying Yang earned one bronze medal in the
They were warmly wel- Sword Form Female category. Male multiple training -01male
comed back by Yangon Region In the 54 kilogrammes athlete defended against three
Sports and Physical Education (attacking) category, Min Min others with weapon event, Chit
Bello of Shan United scores a header against Yadanabon United during
Committee Chairman Advo- Htike claimed one bronze med- Nodi Saung won one bronze
the 2023 MNL championship match yesterday. PHOTO: MNL
cate-General U Htay Aung, al and another bronze medal medal received one bronze
relevant officials, parents and was claimed by Aung Khine medal in the Cross form fe-
fans at the Yangon Internation- Lin and Chit Nodi Saung in male category while another
Endo sparks dramatic Liverpool al Airport. the Female Self Defence (per- one bronze medal earned by
Aung Khine Lin and Hein formance) event. At the same May Honey Aung Lwin, Aung
win with 1st league goal Htet Aung claimed one gold time, Tin Htoo Zaw and Kyaw Khine Lin, Tin Htoo Zaw and
medal in the Pair Machete Thu Soe Aung got one bronze Kyaw Thu Soe Aung in the
JAPAN captain Wataru Endo tant...(He) won decisive chal- Form Male category, and Hnin medal in the Pair Sword Form one female athlete defence
scored his first Premier League lenges, super passing, a top Thet Wai secured one gold Male category, Hein Htet Aung against three male athletes
goal for Liverpool on Sunday as goal,” Liverpool manager Jur- medal in the 51-kg Women’s In- won one bronze medal in the with weapon competition, one
his late equalizer set up a dra- gen Klopp said. dividual Attacking. In compari- Yin Yang Sword Form Male bronze medal by Aung Khine
matic 4-3 home win over Fulham. Alexander-Arnold’s free- son, Tin Htoo Zaw achieved one event, Aung Khine Lin, Hein Lin and Hein Htet Aung in the
The defensive midfielder kick hit the bar and ricocheted gold medal in the Four Element Htet Aung, Kyaw Thu Soe Aung pair knife form male event. —
came on in the 83rd minute at off Fulham keeper Bernd Leno Staff Form, Tin Htoo Zaw, Kyaw and Tin Htoo Aung grabbed MNA/KTZH
Anfield with his team trailing into the net to give Liverpool a
3-2 and got his side back on level 20th-minute lead, but Harry Wil-
terms four minutes later, curl- son steered home a low cross to
ing in a first-time effort from
the edge of the box high into
level against his former club four
minutes later.
Scheffler wins World Challenge, Woods
the right-hand corner following
a layoff from Mohamed Salah.
Alexis Mac Allister struck
a 30-metre screamer in the 38th
encouraged in return
Trent Alexander-Arnold minute for Liverpool only to see WORLD number one Scottie Scheffler had four birdies years. Tournament host Woods,
squeezed in the winner a minute the visitors level again through Scheffler fired a bogey-free 68 in his four-under par 68 on the who hadn’t played since ankle
later from just inside the area to Kenny Tete off a corner in first- on Sunday for a three-shot win Albany golf course in the Baha- surgery in the wake of his third
complete the comeback as Liv- half stoppage time, and Fulham in the Hero World Challenge, mas, his 20-under total of 268 round withdrawal at the Mas-
erpool moved up to second on 31 led with 10 minutes to go when where 15-time major champion beating Austrian Sepp Straka ters, said he was “ecstatic” with
points in the English top flight, Bobby De Cordova-Reid headed Tiger Woods said he’d “come by three shots to give him the how the week had gone after
two points off leaders Arsenal. home a cross before Endo’s in- a long way” in his first tourna- trophy after runner-up finishes carding a final-round 72 for an
“Wataru was just so impor- troduction. — Kyodo ment since April. to Viktor Hovland the last two even par total of 288. — AFP
ROLLING UPDATES 5 DECEMBER 2023
THE GLOBAL NEW LIGHT OF MYANMAR
WORLD
WORLD
Rains pound southern
India ahead of cyclone
PAGE-14
COP28’s UAE chair says ‘we 9 in 10 Asian Americans

experience discrimination
respect’ climate science in US: study
A new study showed that nine that as they could not list all
out of 10 Asian Americans possible discrimination expe-
had personally experienced riences, there could be more
discrimination and that not that were not captured by the
enough attention is being paid survey.
to the problem in the United The report pointed out two
States. stereotypes that Asian Ameri-
The survey was conducted cans are often associated with
among 7,006 Asian adults from — “forever foreigner” stere-
July 2022 to January 2023 and otype and “model minority”
the findings were released on stereotype.
Thursday by the Pew Research Of all the respondents, 78
Centre. per cent said they had been
Researchers identified treated as “foreigners” regard-
17 discrimination incidents, less of their birthplace, citizen-
including mispronouncing ship status or strength of their
names, receiving poorer ser- ties to the United States.
vice than other customers in These experiences ex-
COP28 president Sultan Ahmed Al Jaber (C), Chair of the Intergovernmental Panel on Climate Change (IPCC) restaurants or stores, or being ist even among Asian adults
Jim Skea (R) and COP28 director of communications Sconaid McGeachin (L) attend a press conference at the called offensive names. whose families have lived in
United Nations climate summit in Dubai on 4 December 2023. PHOTO: AFP They found about nine in the United States for genera-
10 Asian Americans had per- tions. Also, 37 per cent of sec-
THE Emirati head of the UN has been working on is focused Climate online conference on 21 sonally experienced at least ond-generation Asian adults
climate conference insisted on on and centred around the sci- November. one of the 17 discrimination said someone had told them
Monday that he respects climate ence,” Jaber said. “I am factual and I respect incidents. About half of Asian to go back to their home coun-
science after he came under fire He acknowledged that glob- the science, and there is no sci- adults said they had experi- tries, according to the survey.
over a leaked video in which he al greenhouse gas emissions ence out there, or no scenario out enced four incidents or more. Another experience many
questions the science on fossil must be cut by 43 per cent by there, that says that the phase- Nearly six in 10 Asian Asian Americans encounter is
fuels. 2030 as part of efforts to achieve out of fossil fuels is what’s going adults said discrimination being stereotyped as “a model
Amid tough negotiations the goal of limiting warming to to achieve 1.5 (degrees).” against Asians living in the minority,” no matter what their
over the future of fossil fuels, 1.5 degrees Celsius from pre-in- The video sparked an outcry United States is a major prob- backgrounds are.
Sultan Al Jaber, who is also head dustrial levels. among NGOs. lem and 63 per cent said too This stereotype generaliz-
of UAE national oil company The Guardian newspaper “If the COP28 president is little attention is being paid es Asian Americans as intelli-
ADNOC, hit out at “repeated at- published a video on Sunday guided by science and 1.5C re- to race and racial issues con- gent, well-off, and able to excel
tempts to undermine” the work showing Jaber having a testy mains his north star, he must cerning Asians in the country, in fields such as mathematics
of the COP28 presidency. exchange with former Irish pres- draw the right conclusions: noth- according to the survey. and science, and positions
“We’re here because we ident Mary Robinson during an ing short of a full and rapid phase Most of them believed it Asian Americans in compar-
very much believe and respect online forum. out of fossil fuels will get us is very important to have a na- ison with other non-White
the science,” Jaber told report- “I’m not in any way signing there,” said Romain Ioualalen, tional leader addressing Asian groups such as African Amer-
ers. up to a discussion that is alarm- global policy lead for Oil Change Americans’ concerns. icans and Hispanic Americans.
“Everything this presidency ist,” Jaber told the SHE Changes International. — AFP The researchers noted — Xinhua
Iran, Cuba seek closer ties to

confront US sanctions
IRAN and Cuba vowed Monday to cluded on the American list of Tehran on Sunday after partici-
strengthen relations and stand to- countries supporting terrorism pating in the UN’s COP28 climate
gether against sanctions imposed — like Iran, which is also subject talks in Dubai, thanked Iran for
on them by the United States. to severe sanctions linked in par- supporting his country’s “fight
“What can neutralize the ticular to its nuclear programme. against the cruel embargo” im-
sanctions is the exchange of ca- “There is a serious determi- posed by the United States.
pacities between the two coun- nation between the two countries Seven memorandums of un-
tries,” Iranian President Ebra- to develop relations,” Raisi said, derstanding and cooperation doc-
him Raisi said during a joint adding that “the common feature uments were signed in various
Handout picture released by the Cuban Presidency showing Cuban
statement with his visiting Cuban of the two countries is that they sectors of science and technology,
President Miguel Diaz-Canel (L) being welcomed by Iran’s Health and
counterpart Miguel Diaz-Canel. both stand against the system of health, agriculture, energy and Medical Education Minister, Bahram Eynollahi, upon landing at Tehran’s
Cuba has been under a US domination.” mining, communications and airport on 3 December 2023. PHOTO: ALEJANDRO AZCUY / CUBAN
embargo since 1962 and is in- Diaz-Canel, who arrived in medicine. — AFP PRESIDENCY / AFP

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Embrace the Future: Unfolding a New Chapter with a Fresh Vision

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