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President U Win Myint honors highest taxpayers for 2017-2018 tax year

A ceremony to present honorary awards and certificates to the highest taxpayers for the 2017-2018 tax year was held at the Presidential Palace in Nay Pyi Taw yesterday. President U Win Myint conferred the awards on individuals with outstanding payments for income tax, commercial tax, and specific goods tax. The importance of paying taxes At […]

Government seeks parliament nod on forming new ministry

President U Win Myint on Tuesday informed the Pyidaungsu Hluttaw (bicameral parliament) about a plan to establish a Ministry of Investment and Foreign Economic Relations to oversee overseas assistance. “To aid national economic development, the ministry will supervise assistance and aid provided by the UN, international organisations, and the international community in line with the […]

Govt racks up larger debt, but more is local

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 […]

Disappointment at government hasn’t eroded support among businesses: academic

The disappointment at the current government’s sluggish economic reforms has not eroded the support among businesses, according to a Mandalay and Bangkok-based academic. On the contrary, businesses are worried that a failure of the administration will roll the country back to the junta era. The Myanmar Times talked to Pietro Borsano, lecturer at Mandalay International […]

Despite President’s pledge, credit still inaccessible for SMEs

Myanmar will launch its first credit bureau within the next month, President U Win Myint said during his Myanmar New Year speech last week. But industry insiders warn that the move would not bring immediate benefits to the country’s small and medium enterprises (SMEs). According to the President, the inaugural credit bureau should commence in […]

President U Win Myint uses carrot-and-stick with civil servants

Newly elected President U Win Myint has vowed to take care of the welfare of the country’s hundreds of thousands of civil servants but urged them to help the government in delivering efficient service to the public and help in the fight against corruption in the bureaucracy. “Our government will be prioritising so that government […]

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 […]