Thursday, 3 January 2013
Wednesday, 2 January 2013
Myanmar parliament to approve some important laws in next session
Myanmar's parliament has earmarked some important laws to be approved in
the sixth session of the parliament set for Jan. 9, official media
reported Wednesday.
These laws include a new national plan, a national budget, a taxation law, a Special Economic Zone Law, a national investment law and other important pieces of legislation, Speaker of the House of Representatives USwe Mann was quoted by the New Light of Myanmar as saying.
On Tuesday's coordination meeting in preparation for holding the forthcoming parliament session in Nay Pyi Taw, USwe Mann called on every stakeholder and citizen to participate in legislation.
These laws include a new national plan, a national budget, a taxation law, a Special Economic Zone Law, a national investment law and other important pieces of legislation, Speaker of the House of Representatives USwe Mann was quoted by the New Light of Myanmar as saying.
On Tuesday's coordination meeting in preparation for holding the forthcoming parliament session in Nay Pyi Taw, USwe Mann called on every stakeholder and citizen to participate in legislation.
Japanese deputy PM arrives in Myanmar
YANGON. Jan. 2 (Xinhua) -- Japanese Deputy Prime Minister and Finance
Minister Taro Aso arrived in Yangon Wednesday evening to begin a
four-day visit to Myanmar, according to official sources.
Aso's visit represents the one to Myanmar of a highest-ranking Japanese official since Myanmar President U Thein Sein made a historic tour to Tokyo in April 2012 which opened up a new chapter of bilateral friendly relations.
Aso's visit represents the one to Myanmar of a highest-ranking Japanese official since Myanmar President U Thein Sein made a historic tour to Tokyo in April 2012 which opened up a new chapter of bilateral friendly relations.
Electricity to be cut in Yangon’s industrial zones
Yangon Electricity Supply Board
will start cutting power in several industrial zones in the Yangon
Region starting Jan 1, 2013, chairman Aung Khine of YESB said at a media
conference on December 30.
The electricity requirement for the
whole country is 2,060 MW in the summertime. The generation of power is
1,551 MW at present, accounting for 75 per cent of total generation, the
chairman said.
Singapore tops investment in Yangon’s high-rise buildings
Singapore remains the largest
foreign investor in high-rise buildings of Yangon, Than Myint,
chairperson of the Committee for Quality Control of High-rise Building
Projects Construction (CQHP) said.
Construction of high-rise buildings in
Yangon has slowed down since mid-2012, but more are now underway with
foreign investment, and most of the project designs come from Singapore.
Legal businesses boost trade
Myawady border trade zone near Myanmar-Thailand border was reopened on Dec 5, 2011 after it temporarily closed for 17 months.
Trade between Myanmar and Thailand in
December 2011 was about US$2 million, but the total trade amount between
the two countries as of Dec 18, 2012 was at US$22 million. Sources
accounted the increase to legalised businesses.
40,000 new cars on Burma’s roads
Import permits were issued for 120,000 cars coming into Burma between September 2011 and December 7, 2012.
“Of the 116,695 cars, nearly 76,000 are imported as substitutions, while 40,000 are being imported as brand new purchases,” said Minister Win Myint from the Ministry of Commerce at a meeting hosted by Myanmar Automobile Association (temporary) in Yangon Region Government office on December 24.
“Of the 116,695 cars, nearly 76,000 are imported as substitutions, while 40,000 are being imported as brand new purchases,” said Minister Win Myint from the Ministry of Commerce at a meeting hosted by Myanmar Automobile Association (temporary) in Yangon Region Government office on December 24.
Lawmakers support sustainable tourism in Myanmar
Myanmar's government is aiming at developing tourism in the country -
but not at any cost. It has drawn up plans to ensure economic,
ecological and social sustainability in the sector.
Since President Thein Sein has come to power, Myanmar - also referred to
as Burma - has been on a course of liberalization and democratization.
The positive changes can be seen in - among other things - the
increasing number of tourists flocking to the country. The slow opening
up of the country has whetted international interest. In the first half
of 2012, 30 percent more tourists travelled to Myanmar as compared with
the previous year.
Semen Gresik to build factory in Myanmar in 2013
After acquiring cement producer Thang Long Cement from its Vietnamese
owners, Indonesia's cement maker PT Semen Gresik (SMGR) plans a new
plant in Myanmar by the end of 2013.
SMGR president director Dwi Soetjipto said on Tuesday that the company was now approaching local partners in Myanmar with a view towards a joint venture and the new cement plant in Myanmar should be finished by the end of 2013.
SMGR president director Dwi Soetjipto said on Tuesday that the company was now approaching local partners in Myanmar with a view towards a joint venture and the new cement plant in Myanmar should be finished by the end of 2013.
The Rocky Road to Recovery - Interview
Since joining the Brookings Institution in 2002, Rieffel, a
former US Treasury Department staff economist, has made Myanmar’s
economic transition a focus of his policy research work. He was in the
country in October and November to assess foreign aid to Myanmar.
Tuesday, 1 January 2013
Chairman of Myanmar Financial Commission President U Thein Sein addressed the commission meeting (3/2012)
Chairman of Myanmar Financial Commission President
U Thein Sein addressed the commission meeting (3/2012) at the
Presidential Palace this morning. It was also attended by Vice-Chairmen
Dr Sai Mauk Kham and U Nyan Tun, Union ministers, the Union
attorney-general, the Union auditor-general, the chairman of Union Civil
Services Board, Region and State chief ministers, deputy ministers and
officials.
The President said in his opening speech that the
Union government would submit 2013-2014 budget approved by the meeting
to the Pyidaungsu Hluttaw.
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