New investment-related ministry to be announced

The National League for Democracy-led government is going to add one more ministry soon which is likely to deal with investment matters.

The name of the new ministry and its responsibilities will be explained by a union minister during the parliament session today, according to the agenda of the Pyidaungsu Hluttaw.

The Myanmar Times tried to contact the President’s Office to confirm the name of new ministry, but did not get a reply. However, a source close to the parliamentary office said the ministry is likely to deal with investment-related matters.

Since taking office in April 2016, the NLD-led government has reduced the number of ministries and minimised the appointment of deputy ministers. The move gained the support of the people as it helped reduce government expenditure. However, the arrangement did not last for long.

The government established new ministries, such as the State Counsellor’s Office Ministry, Union Government Ministry and International Cooperation Ministry, and has started to appoint deputy ministers for some ministries.

Last month, President U Win Myint appointed three deputy ministers for the Ministry of Religious Affairs and Culture, the Ministry of Natural Resources and Environmental Conservation, and the Ministry of Ethnic Affairs.

Currently, there are 23 ministers and 19 deputy ministers at 24 different ministries.

At present Daw Aung San Suu Kyi is the minister for both the Ministry of Foreign Affairs and President’s Office Ministry, and her roles include chair, vice chair and membership in 16 committees covering the peace process, Rakhine issues, economy, rule of law, citizenship and international relations.

Source: Myanmar Times

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