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Negotiations of Govt and ethnics proposed to be postponed to another month

The ethnic armed organizations’ special delegation proposed a meeting of government top figures including the president and the ethnic leaders on inclusiveness of ethnics to be postponed to another month, quoted the ethnics’ letter sent to Union Minister Aung Min, the vice-chairman of Union Peacemaking Work Committee.

Myanmar central bank mulls additional move to stem kyat fall

The Central Bank of Myanmar is stepping up its efforts to discourage the domestic use of US dollar, with the plan to illegalise dollar-denominated transactions.

According to Win Thaw, deputy director-general with the foreign currency management department of the CBM, the directive demanding all local transactions completed in Myanmar kyat would be issued by the end of this year.

MPs suggest borrowing over 24 billion yen from JICA to upgrade circular train system

Myint Thein, Deputy Minister of Rail Transportation, submitted a proposal to the parliament to accept a loan of 25 billion Japan yen from Japan International Cooperation Agency (JICA) for upgrading Yangon’s circular train system project.

The deputy minister submitted made his proposal at the 12th regular session of the first Union parliament held in Nay Pyi Taw on August 24.

ICT to be used to supervise supermarket tax collection

Director General Min Htut of the Internal Revenue Department reported that information and communication technologies (ICT) will be used to inspect whether companies that run supermarkets are actually paying consumer taxes.

Contrary to places such as restaurants and eateries, supermarkets face serious difficulty pasting tax stamps onto every receipt, which has led the public to question whether supermarkets actually pay taxes.

Final amendable voter list delayed until September due to the floods

Director Thaung Hlaing of the Union Election Commission (UEC) said the last amendable voter list, initially scheduled to be released by the end of August, will be released in September due to widespread flooding.

Ministry of Electric Power asks parliament to allow 41billion yen loan from JICA

Deputy Minister of Electric Power Maw Thar Htwe petitioned the Union parliament yesterday to allow a loan of 41.115 billion yen (US$345 million) from the Japanese International Cooperation Agency (JICA).

The deputy minister explained to the parliament that the loan from JICA will be used to build a 500 Kv transmission line between Bago (Phayagyi) and Yangon (Hlaingthaya) and two 500 Kv power sub-stations in Phayagyi and Hlaingthaya, as part of the project to upgrade the country’s National Power Grid.

Suu Kyi suggests reforms to police force

Opposition leader Aung San Suu Kyi urged Myanmar police yesterday to try to become a force the people value and are proud of, stressing the need to reform administration and management, according a press release posted on the Facebook by the National League for Democracy (NLD).

Suu Kyi, also chairperson of a parliamentary committee for the rule of law, peace and stability, made the comment during her speech at a ceremony hosted by the Myanmar Police Force (MPF) and the EU.

95 per cent of population doubts Myanmar has full-fledged democracy

The 2015 Myanmar Asian Barometer Survey (ABS) reports that 95 per cent of people questioned do not believe Myanmar has full-fledged democracy, while only 5 percent believe it does.

The survey was jointly conducted by the Yangon School of Political Science and the ABS. It surveyed 1,620 people across Myanmar.

The survey said 74 per cent of people questioned said they support democratic governance, and 26 per cent said they oppose it, which is similar to findings found in the Philippines, Cambodia, Vietnam, Indonesia and Thailand.

Floods cause over Ks 160 billion of damage

Recent flooding across Myanmar caused over Ks 160 billion worth of damage between June and August, announced the Ministry of Social Welfare, Relief and Resettlement.

“According to figures we received so far, the floods caused losses of more than Ks 160 billion. As the process to calculate the losses is ongoing, it could be more,” said ministry director Kyaw San Oo.

The floods heavily damaged bridges, roads, dams and farmland across the country.

The director said the current figures do not include damage done to homes.

Weak land law causes deforestation, expert says

“The weakness of authority described in the Vacant, Fallow and Virgin Lands Management Law is the major cause of deforestation,” said Tin Aye, the former director of Myanmar’s Forestry Department. He spoke at a seminar titled: “Past, Present and Future Environmental Conservation”, which was organised by the Myanmar Forest Association in Mandalay on August 22.