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Myanmar regulatory body instructs micro lenders to relax loan collection

The Microfinance Businesses Supervisory Committee instructed microfinance institutions (MFI) in Myanmar to ease loan collections among those who are not able to repay during the pandemic, said U Set Aung, deputy minister of Planning, Finance and Industry. “The committee [Microfinance Businesses Supervisory Committee] will inspect whether the MFIs follow the orders and take action if […]

Myanmar attitudes to sex undressed in textbook row

YANGON: Unchaperoned teens, gay partners and sex workers – fictional characters in a new curriculum for Myanmar schools are causing a real-world tussle over morality in a deeply conservative nation. In Myanmar, sex out of wedlock is illegal, teenage dating is frowned upon by censorious elders and same-sex relations are still officially illegal. Yet sex […]

Myanmar to Punish Facebook Users for Posting Fake Govt Order

NAYPYITAW—The Myanmar government will take harsh legal action against the Facebook users who first posted a fake government order to detain those who disrupted the Facebook page of State Counselor Daw Aung San Suu Kyi. According to the fake order, the State Counselor’s page had received disrespectful memes and messages. But government spokesman U Zaw […]

PACE Survey on Citizens’ Political Preferences for 2020

Executive Summary In March 2019, PACE conducted its fifth nationwide public opinion poll, Citizens’ Political Preferences for 2020, covering 511 wards/villages in 233 townships. A total of 511 enumerators con- ducted 2,978 face-to-face interviews, including 782 in states, 544 in Yangon city and 428 in Shan state. As the country is one and half years […]

USDP seeking to make comeback in 2020 elections

Leaders of the Union Solidarity and Development Party (USDP), which lost seats in the 2015 general election, say they are overhauling the party to regain their standing in 2020. The USDP was defeated by the National League for Democracy (NLD) led by Daw Aung San Suu Kyi and has been serving as the opposition and […]

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 […]

Political make-up a bottleneck for Shan economy

The political make-up of the state’s executive and legislature results in a lot of time and energy spent on negotiations instead of implementing sweeping economic reforms in Shan, according to a local chamber of commerce. The state needs political stability and it needs to generate value-added agricultural products in order to grow its economy. Shan […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

What the US can learn from Myanmar about infrastructure investment

America’s infrastructure is headed down a bumpy road, and unless the country takes drastic action to fix its ailing transport, water, and other infrastructure systems, it might well wind up with the types of struggles I’ve witnessed recently in Myanmar. I am here in Myanmar teaching an international business class for our MBA students as […]

Government Plans Monthly Meetings to Respond to Business Leaders

​​ RANGOON — Government leaders are planning to meet monthly with the local business community to listen to current problems and find solutions, Vice President U Myint Swe and National Planning and Finance Minister U Kyaw Win pledged last week. The first monthly meeting received a positive response. The vice president and finance minister met […]