Government needs to provide more info when seeking foreign loan approvals

Insufficient documentation when the Union government submits proposals seeking Parliamentary approval on foreign loans have made decisions difficult, some MPs pointed out Monday when discussing loans from the Asia Development Bank (ADB) and ASEAN Infrastructure Development Fund in Parliament. MP U Than Soe from Constituency 4 of Yangon Region said he had to search for […]

New Companies Law Submitted to Parliament

NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]

Pyidaungsu Hluttaw approves 5 million euro loan from Germany for locomotive factory

Pyidaungsu Hluttaw passed the motion on borrowing 5 million euros from German KfW Development Bank for a Diesel Locomotive Shed in Ywa Htaung for Myanma Railways. Following a debate, the issue was put to a vote and passed 506 to 6. “It is required to give training to employees of Ywa Htaung locomotive shed because […]