fbpx

Cooperation, Lack of Accountability Biggest Challenges for Anti-Graft Body, Says Chairman

YANGON— Anti-Corruption Commission Chairman U Aung Kyi told the Union Parliament on Monday that an unwillingness to cooperate, as well as a lack of accountability and transparency, are the commission’s biggest challenges. “To effectively prevent internal corruption, it depends on the efforts of 200 heads of governmental departments and enterprises across the country,” he said, […]

Large Corporations Dominate ‘TiME’ Transparency Ranking

The private sector is leading the way in terms of corporate transparency and disclosure, according to the latest Transparency in Myanmar Enterprises (TiME) report by the Myanmar Center for Responsible Business (MCRB). In the 2019 report, known in Burmese as “Pwint Thit Sa”, seven of the country’s leading companies, including its largest retailer City Mart […]

Myanmar public companies trail behind private firms in corporate disclosure

Public companies in Myanmar – companies whose shares can be bought by the public – lag behind privately-owned firms in corporate disclosure and governance, according to the latest transparency report released on Tuesday. This is the fifth Pwint Thit Sa report (Transparency in Myanmar Enterprises) undertaken by Yangon-based Myanmar Centre for Responsible Business (MCRB) in […]

Myanmar works to improve corruption image

Myanmar has fallen further in a global corruption ranking but could improve its image following some high-profile arrests this year and as the government moves to strengthen the anti-graft agency. The Corruption Perceptions Index released by Transparency International ranked Myanmar 132 out of 180 territories in 2018, down two places from 2017. The Berlin-based global […]

‘Tone from the top’ crucial in anti-corruption: DICA

There is a lack of awareness about the transparency and corporate governance aspects of the new Companies Law, according to a senior government official, who argued for the importance of tone from the top in combating corruption. The Myanmar Centre for Responsible Business (MCRB) and the Union of Myanmar Federation of the Chamber of Commerce […]

Companies should clean up their acts to fend off corruption risks

Transparency International’s 2017 Corruption Perception Index ranks Myanmar at 130 out of 180 countries, showing that we have a long way to go in both corporate governance and uprooting graft. Nevertheless, over the last two years, Myanmar has advanced from a low base. The new Companies Laws (2017) and Rules (2018) revised the legislative framework, […]

Kayin residents want monitoring of cement factories’ operations

Residents living near two cement factories in Hpa-an Township in Kayin State have called on the government to ensure transparency in the operation of the plants in order to protect their health amid reports they are already using coal for power. Some 2955 residents near the factory in Myaingkalay Village, said they are worried about […]

State Counselor Encourages Japanese Investment in Myanmar

Myanmar’s State Counselor Daw Aung San Suu Kyi has invited Japanese investors to seek investment opportunities in Myanmar as she believes that Japan has a deep understanding of the country’s struggle in the Rakhine crisis and peace process. On Monday, in her keynote speech at the Myanmar Investment Conference in Tokyo, Daw Aung San Suu […]

Myanmar property group sees its future in consumer sector

In the heart of Yangon, the commercial capital of Myanmar, the former headquarters of Myanmar Railways is surrounded by white steel frames. The historic redbrick building, more than a century old, is being restored and will be the future site of the Peninsula Yangon, a luxury hotel set to open in 2021. The grand structure […]

Yangon residents unhappy with YCDC: survey

A survey conducted by civil service group Alinsaetamarn Library and Resource Centre has revealed that the majority of Yangon’s residents are dissatisfied with the Yangon City Development Committee (YCDC). The survey, which polled the views of 1,205 members of the public across Yangon, was conducted in March. The results revealed that most residents are unhappy […]