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The United Nations Industrial Development Organization helps SME start-ups in Myanmar for their preparation in readiness of investment, by teaching them how to be investable through a bootcamp in Yangon. 

The UNIDO has started the project since 2013, especially focusing on youth and women entrepreneurship development as well as cluster development, by providing capacity building trainings on business skills.

Mandatory evacuations were ordered on Tuesday along the swollen Brazos River in Texas of the United States ahead of what could be the worst flooding in more than 100 years after at least six people died. Forecasters predicted more rain as the Brazos rose to levels not seen in 103 years after heavy rainfall late last week, according to emergency officials in Fort Bend County, located southwest of Houston. The storm system dumped up to 22 inches of rain in just a few hours, killed at least six people last week, according to local authorities.

The White House responds to former U.S. attorney general Eric Holder's comment on a CNN podcast that former National Security Agency contractor Edward Snowden performed a 'public service' by initiating a debate about U.S. surveillance. "What Mr. Holder is articulating there is the view of the administration," Earnest said. Earnest also dismissed Snowden's supporters view that he is a whistleblower.

Philippine president-elect Rodrigo Duterte said on Tuesday that corrupt journalists were legitimate targets of assassination, as he amped up his controversial anti-crime crusade with offers of rewards for killing drug traffickers. Duterte won this month's elections by a landslide largely due to an explosive law-and-order platform in which he pledged to end crime within six months by killing tens of thousands of suspected criminals.

A total of 129 Myanmar fishermen returned home yesterday after serving prison terms in India for illegally entering the country’s territorial waters. The return of first batch of 249 Myanmar fishermen who were detained at Open Distress Camps of India comes after several rounds of negotiation with the Indian authorities. The fishermen were arrested by the Indian navy while floating in the territorials water of India due to a storm and engine failure. The first batch included 104 persons from Ayeyawady Region, 23 from Rakhine State and two from Yangon Region.

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Updated on: 10:52AM, June 01 2016
Data by Myanmar Central Bank

Weather

Yangon

Overcast
  • Overcast
  • Temperature: 28 °C
  • Wind: East, 9.3 km/h
  • Pressure: 1009 hPa
  • Rel. Humidity: 84 %
  • Visibility: 7 km
Reported on:
Wed, 2016-06-01 10:30