fbpx

Myanmar’s Planning and Finance Minister Submits Resignation

NAYPYITAW — Planning and Finance Minister U Kyaw Win has submitted his resignation to the president amid reports that he is being investigated by the Anti-Corruption Commission and the Bureau of Special Investigation (BSI), sources close to the matter told The Irrawaddy. Since last week, news reports have circulated alleging that the minister and his […]

Tax amnesty under review

A review on tax exemption is being conducted and it will be reformed as it is too complicated, said Union Minister for Commerce Dr Than Myint. Following widespread criticism of an unfair taxation system, the Union parliament cancelled the tax exemption bill planned to be passed in 2018. Under the Union Taxation Bill 2018, the […]

President Orders Anti-Corruption Panel Not to Be Influenced by Powerful Figures

NAYPYITAW—President U Win Myint has instructed members of the Anti-Corruption Commission not to be influenced by powerful figures in undertaking their duties, and to report to him if they encounter cases of powerful people protecting those accused of corruption. The president issued the instruction during a meeting with the commission members at his residence in […]

Kandawgyi Palace Hotel fire Caused by Old Wires

Old wires caused the October 19 fire at the internationally renowned Kandawgyi Palace Hotel, resulting in a loss in excess of Ks37,000 million, according to an officer from Yangon East District Police. A joint team of officials from the departments of fire services, police, general administration, and electrical inspection joined with the Ministry of Hotels […]

Myanmar boosts incentives for infra development, labour-intensive projects

THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]

Myanmar considers legalising some gambling for more state revenue

Yangon (dpa) – Myanmar plans to legalise some types of gambling, including casinos for foreigners only in upper-tier hotels, an official said Wednesday. “We have finalised the reformed gambling law and are ready to send it to the parliament for suggestion, discussion and then approval,” said an official of the Home Affairs Ministry, who asked […]

Mon State Arrest Linked to Traders Hotel Bombing

Police in Mon State’s Thaton Township detained a man on Tuesday morning who was allegedly involved in the planting of a bomb at Traders Hotel in Rangoon that detonated late Monday night, injuring an American woman. In a statement issued by the township police station on Tuesday, authorities said they arrested Saw Myint Lwin on […]