Myanmar moves towards establishment of Civil Service Academy

THE Union Civil Service Board (UCSB) held a consultation workshop on the establishment of a Civil Service Academy in Myanmar in cooperation with the Hanns Seidel Foundation in Nay Pyi Taw yesterday. UCSB Chairman Dr Win Thein and Mr. Archim Munz, resident representative of the foundation, spoke on the occasion where UCSB members, departmental heads, […]

Controversial mining bill submitted to parliament for a third time

A Divisive bill that could open Myanmar’s lucrative mining sector further to foreign investment has been submitted for the third time to the Pyidaungsu Hluttaw for approval. The long-awaited Mining Law amendment bill, which will update legislation from 1994, was suspended earlier this year following fierce disagreements between the upper and lower houses. A key […]

Central Bank Needs More Independence: MP

The Central Bank of Myanmar still can’t carry out many basic tasks without government intervention despite the enactment of the Central Bank Law, which allowed the financial regulatory body more freedom, a member of the parliament said. The Central Bank of Myanmar (CBM) Law was signed by the president, U Thein Sein, on July 11, […]

Two years after the government passed a law to set a minimum wage, it still has not come into existence.

The issue has been a source of tension particularly in the garment industry, with a number of strikes so far this year revolving around issues of wages and overtime. Yet experts say it has been a difficult process to put a minimum wage into place, with the topic more complex than it first appears. “We […]

Myanmar designates five-year transition period of stock market

Yangon – The Securities and Exchange Commission of Myanmar has already designated a five-year transition for Stock Exchange Certificates Market (SECM). “It [period] may be increased or reduced. Under the transition period, SECM will be under the Finance Ministry. The expected transition period could be five years. But the period may be increased or reduced. […]

Regional government happy to keep the bribes flowing

On December 12, Yangon Region Hluttaw representative U Thaung Kyaw submitted a proposal to “make a law and allow massage parlours in Yangon Region to operate according to a legal framework”. The proposal was defeated. But it’s worth looking more closely at the points made by U Thaung Kyaw and Daw Nyo Nyo Thin, who […]

Campaign aims to snare tax dodgers

Tax dodgers are being warned that authorities will begin a crackdown later this month. An anti-tax avoidance campaign will be launched in August and announced in state-run newspapers in a bid to increase the Ministry of Finance’s revenue generation by 20 percent for the 2014-15 fiscal year, said Internal Revenue Department director of the Companies […]

Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]

Panel Deals Blow to Suu Kyi’s Chances of Becoming President

Nobel laureate Aung San Suu Kyi’s hopes of becoming Myanmar’s president next year have been dealt a blow when a parliamentary committee voted not to change a constitutional clause that bars her from the post, two of the panel members said. The committee tasked with recommending amendments opted to retain the section that prevents anyone […]

Myanmar reforms investment commission to boost foreign investment

Myanmar has reformed its investment commission as part of its efforts to draw more foreign investment into the country, local media reported Thursday. A 13-member Myanmar Investment Commission (MIC) was re- established with Minister of Energy U Zayar Aung as chairman, replacing U Win Shein, minister of Finance, said the 7- Day Daily. Minister of […]