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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 […]

Tea Touted as Solution to Budgetary Woes

​​ As the government has found itself without enough cash to complete development projects scheduled in the current fiscal year, one cabinet member has aired an unusual proposal for financing the shortfall: tea money. Speaking in parliament yesterday, the minister for agriculture, livestock and irrigation said that if the public truly wants all its roads […]

Foreign Investment Falls More Than 50pc Compared to Last Year

Foreign investment into Myanmar has fallen by more than 50% to $1.4 billion in the six months to the end of September, according to the Myanmar Investment Commission, which nonetheless remains optimistic about the rest of this fiscal year. In the first half of the 2015-2016 fiscal year overseas investors pledged $3 billion, but that […]

USDP MP Urges Increase in Private Security Sector Training

In its first proposal to the Yangon Region Hluttaw, the Union Solidarity and Development Party called on the government to bolster the private security sector with better oversight and regulations. The proposal, submitted by MP U Tin Win (USDP; Cocokyun), the former regional minister for security and border affairs, asked the government to enact a […]

Old mindsets could impede Myanmar’s progress

Like most residents of Yangon, Hlaing Tint, a 37-year-old assistant lecturer, rides the bus daily. In this old capital of Myanmar, on the cusp of a new era, buses are usually crowded during rush hours, more so around the bus door. Yangonites love to stay close to the door for an easy exit, even though […]