minister for planning and finance

Govt racks up larger debt, but more is local

July 30, 2018 by Thiha

The NLD government has accumulated debt totaling K6.7 trillion during the duration it has been in power, according to documents supporting the 2018-19 Budget. That’s more than half the K11.7 in debt racked up by U Thein Sein’s former administration during its entire five-year term. However, while U Thein Sein’s Union Solidarity and Development Party […]

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Government announces new MIC appointments, U Thaung Tun as new chair

June 28, 2018 by Thiha

The Union government on Saturday officially announced changes in the ranks of the Myanmar Investment Commission (MIC). According to notification (61/2018), U Thaung Tun, union minster of Ministry of the Office of the Union Government, formerly a member of the MIC, will now be the commission’s chair. Meanwhile, Dr Than Myint, Union Minister of Commerce, […]

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Hopes for revival of Dawei SEZ

January 25, 2018 by Thiha

IMPLEMENTATION of the Dawei special economic zone (SEZ) has been suspended for years, but Myanmar and Thailand are still eager to revive the mega project, according to an official in Myanmar. Phyo Win Tun, minister for planning and finance at the Tanintharyi Region Government and vice-chairman-1 of the Dawei SEZ management committee, said Myanmar would […]

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NLD government to face tougher challenges in 2018

January 2, 2018 by Thiha

Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]

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Firms asked to bid for aviation contracts

August 1, 2017 by Thiha

Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]

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Thirty development projects in pipeline in Mandalay through fiscal 2020-21

July 20, 2017 by Thiha

The regional Minister for Planning and Finance, U Myat Thu told the second session of the regional Hluttaw that the development projects will be implemented in two ways; some will be carried out with loans and some will be carried out with financial support. Nineteen of the projects will be carried out with the help […]

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Myanmar to Grant Licences for More Types of Insurance ‘Soon’ as Industry Liberalises

May 11, 2017 by Thiha

Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Licenses for all 40 types of insurance plus additional farmers’ insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]

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Myanmar heads for liberalizing all types of insurance services

May 4, 2017 by Thiha

Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]