World Bank weighs in on selecting audit firm for EITI report

Besides the tripartite – government, the company and civil society organisations – responsible for piling report for implementing Extractive Industries Transparency Initiative (EITI), the World Bank (WB) joined in selecting independent audit firm. “We have opened tender for audit firm from abroad, and before long the World Bank joined us. According to procedure, the tender […]

Can EITI membership make resource revenues transparent?

It can be easy joining groups: The challenge is in seeing the membership through. Myanmar signed up to the Extractive Industries Transparency Initiative (EITI) on July 2. The agreement promotes openness and accountable management of revenues from natural resources, requiring annual disclosure of taxes and other payments by oil, gas and mining companies to governments. […]

Resource transparency group accepts Myanmar as candidate

Myanmar was approved as an official “Candidate” country with global resource transparency group Extractive Industries Transparency Initiative (EITI) at its board meeting in Mexico on July 2. Joining the international group has been a public goal of the current Myanmar administration, aiming to increase transparency in a notoriously opaque sector. The EITI is now composed […]

Shwe Mann declares presidential bid

Myanmar’s influential parliamentary speaker Shwe Mann has announced he will run for president in the fast reforming nation in 2015 polls, according to a report, joining opposition leader Aung San Suu Kyi as the only declared candidates so far. Former general Shwe Mann, a key architect of reforms since the end of the junta in […]