The smart island of this kind in the Myeik archipelago is unique and rare in the world so conservation is necessary, said Taninthayi Region Chief Minister Myint Maung. The smart island also called Parpant island located in Kyunsu Township, Myeik District, has two different beaches—one full of white sand and the other full of colourful […]
Chief Minister calls for systematic maintenance of Smart Island in Myeik archipelago
January 26, 2021 by
Don’t stinge on budget to avoid power cuts during summer: MOEE
May 6, 2019 by
In Parliament yesterday, the Ministry of Electricity and Energy (MOEE) said the annual budget for power generation should be sustained in order to avoid power cuts and blackouts in the summer. “The budget proposed by the MOEE should be maintained and not cut to avoid power outages. Power generation is not something that happens overnight […]
FDI in Thilawa SEZ project declines by $ 18.5 m
September 7, 2018 by
From April to August of the mini budget period, the foreign investments in Thilawa Special Economic Zone Project has dropped by US$ 18.5 million compared with the same period last year, according to a press conference by Myanmar Investment Commission on August 29. Than Aung Kyaw, Deputy Director of Directorate of Investment and Companies Administration […]
From a vantage point for development policy to Myanmar
September 13, 2017 by
After four years of significant changes in development policy, interesting years as Finland’s first Ambassador to Myanmar are awaiting Riikka Laatu. She is excited about her transfer to Yangon. At the start of September Riikka Laatu, Deputy Director General at the Ministry for Foreign Affairs, will transfer to her new position as Finland’s Ambassador to […]
The Budget: What Do Taxpayers Want?
February 6, 2017 by
\ In Nay Pyi Taw, preparations are now well advanced for finalising the budget and Union tax law which will establish the Government’s revenue-raising and spending priorities for the 2017-18 financial year. It is an annual event that always encourages advance speculation. But this year it is being more eagerly anticipated than usual because it […]
Dollar rise increases budget woes
June 8, 2015 by
Myanmar will have to sell treasury bonds again due to the consecutive budget deficits, according to the Ministry of Finance. The government is looking to take loans from home and abroad to solve the deficit. All the regional and state administrations face similar problems as the union government struggles to devolve investment. Maung Maung Win, […]
Govt targets 10% for tax to GDP ratio
April 13, 2015 by
Finance Minister U Win Shein said the country has aimed to increase the tax to GDP ratio to 10 percent this year. Myanmar has the lowest tax-to-GDP ratio in ASEAN, at 8pc in 2014-15, though it has improved markedly since 3.7pc three years ago. The minister said he hopes foreign investment will grow and the […]
