DICA’s anti-corruption rules not clear on donations or political contributions

In their latest drive to tackle corruption, the government released a code of ethics prohibiting businesses from bribing officials, but it remains unclear what a company and charities and individuals associated can and cannot do. A non-profit organisation urged Nay Pyi Taw to consult experts and require companies to set up a code of conduct […]

Change in fiscal year insufficient to address shortfalls in budget process

While seen as positive, Nay Pyi Taw’s proposed change of fiscal year alone cannot address the lack of flexibility in the annual budgeting process, according to businesses. The adoption of multi-year budgeting should be implemented instead. Lawyers, investors and financiers told The Myanmar Times that while changing the fiscal year could bring some advantage to […]