minister for planning and finance

Yangon govt seeks parliament approval for K8B road project

February 11, 2019 by Thiha

The Yangon government has asked the regional parliament to allow it to use K8 billion (US$5.25 million) of the money meant for construction of pedestrian bridges and investment in foreign banks for road development instead. Regional Minister for Planning and Finance U Myint Thaung submitted the proposal to the Yangon Parliament on Tuesday. “These projects […]

Filed Under: Latest News Tagged With: Ayeyarwady Region, Bago Region, construction, Htauk Kyant junction, Kandawgyi Lake, minister for planning and finance, Yangon parliament

Contract farming launched in four districts of Sagaing

December 13, 2018 by Thiha

Four districts in the Sagaing Region — Sagaing, Shwebo, Monywa, and Yinmabin — are permitting contract farming for production of crops and seeds, said U Than Zaw Oo, the Secretary of the Sagaing Region Investment Committee. “In order to cultivate perennial crops and establish large plantations, investors can rent land by entering into long-term contracts […]

Filed Under: Latest News Tagged With: agriculture sector, crops, insurance, Livestock, minister for planning and finance, Monywa, muskmelon, Sagaing, Sagaing Region, Sagaing Region Investment Committee, seeds, Shwebo, virgin land, watermelon

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 […]

Filed Under: Latest News Tagged With: central bank, China, Foreign Debt, GDP, International Fund for Agricultural Development, Japan, minister for planning and finance, NLD government, President U Win Myint, Pyidaungsu Hluttaw, U Soe Win, U Thein Sein’s Union Solidarity and Development Party, UN agency, USDP

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, […]

Filed Under: Latest News Tagged With: a minister, Central Executive Committee Member, Daw Mya Thuza, Daw Nilar Kyaw, Deputy Minister, DICA, director-general, Directorate of Investment and Company Administration, Dr Aung Tun Thet, Dr. Than Myint, economist and advisor, former deputy director general, international financial standards, international relations, MIC, minister for planning and finance, Ministry of Commerce, Ministry of Electricity and Energy, Ministry of Natural Resources and Environmental Conservation, Ministry of Planning and Finance, Ministry of the Office of the Union Government, Myanmar investment commission, new MIC chair, New Myanmar Investment Law, permanent secretary, Secretary of MIC, Special Economic Zones, U Aung Naing Oo, U Aye Lwin, U Htay Chun, U Htein Lwin, U Khin Maung Yee, U Kyaw Win, U Set Aung, U Thaung Tun, U Toe Aung Myint, U Tun Tun Oo, Union Attorney General, Union Minister of Commerce, union minster, Union of Myanmar Federation of Chambers of Commerce and Industry, Yangon Region Government

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 […]

Filed Under: Latest News Tagged With: China, Dawei SEZ, Dawei SEZ management committee, foreign investors, Htee Khee, independent power producers., Japan, Japanese Companies, Kyaukphyu, minister for planning and finance, Myanmar’s national Union Parliament, Phyo Win Tun, Tanintharyi Region Government, Thailand, the Asian Development Bank, the construction of bridges, the deep sea port, the Union Road, thilawa, vice-chairman-1

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 […]

Filed Under: Latest News Tagged With: 21st Century Panglong Conference, Bogyoke statue, Daw Aung San Suu Kyi, democracy, deputy ministers, Executive Director, founder director, Institute for Strategy and Policy (Myanmar), International Cooperation Ministry, Kachin Independence Organization, Kachin State, KIO, Minister for Commerce, minister for planning and finance, Ministry of Foreign Affairs, Mon State, Myanmar affairs, Nationwide Ceasefire Agreement, NCA, NLD, NLD central executive committee member, NLD government, NLD leaders, NLD-led government, political prisoner freedom committee, President Office Ministry, Pyidaungsu Hluttaw, Rakhine State conflict, State Counsellor’s Office Ministry, Swedish journalist Bertil Lintner, Tatmadaw, think-tank Tampadipa Institute, U Khin Zaw Win, U Min Zin, UNFC, Union Government Ministry, United Nationalities Federal Council

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 […]

Filed Under: Tenders & Awards Tagged With: Airports, Asia Sun Energy, bid, contracts, entrepreneurs, firms, foreign investors, Foreigners, Fuel, fuel stations, fuel storage terminal, government, joint venture with Puma, Kyaw Win, market mechanism, MIC, minister for planning and finance, Ministry of Electricity and Energy, Myanmar investment commission, petrol stations, Puma Energy, Puma Energy Asia Sun Company, Singapore-based Puma, Thilawa Port, Yangon International Airport

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 […]

Filed Under: Latest News Tagged With: ADB, AFD, agricultural, Asia Development Bank, City Development Committee, coaches, Constituency 1, Development of Ayeyarwady River System, development of the river system, development projects, Dr Chit Ko Ko, Dr Zaw Myint Maung, electricity supply, French Development Agency, international development aid agencies, international financial assistance, Japan International Cooperation Agency, JICA, Loans, mandalay, minister for planning and finance, Myanmar investment commission, Myanmar Railways, new locomotives, pipeline, Pyigyitagun township, regional chief minister, Regional Hluttaw, the Amarapura Urban Development Project, transportation, U Myat Thu, Urban Development, World Bank

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, […]

Filed Under: Latest News Tagged With: country, Deputy Finance Minister Maung Maung Thein, farmer, Fire Insurance, grant licences, industry, insurance, Life Insurance, local citizen, market, minister for planning and finance, Myanmar, Myanmar Insurance (MI), total vehicle insurance, traveling insurance, U Kyaw Win

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, […]

Filed Under: Latest News Tagged With: company, Deputy Finance Minister Maung Maung Thein, dollar, farmer, Fire Insurance, GDP, insurance services, market, MI, minister for planning and finance, Myanmar, Myanmar Insurance (MI), total vehicle insurance, traveling insurance, U Kyaw Win, U.S