NAYPYITAW — Planning and Finance Minister U Kyaw Win has submitted his resignation to the president amid reports that he is being investigated by the Anti-Corruption Commission and the Bureau of Special Investigation (BSI), sources close to the matter told The Irrawaddy. Since last week, news reports have circulated alleging that the minister and his […]
Kandawgyi Palace Hotel fire Caused by Old Wires
November 17, 2017 by
Old wires caused the October 19 fire at the internationally renowned Kandawgyi Palace Hotel, resulting in a loss in excess of Ks37,000 million, according to an officer from Yangon East District Police. A joint team of officials from the departments of fire services, police, general administration, and electrical inspection joined with the Ministry of Hotels […]
Myanmar boosts incentives for infra development, labour-intensive projects
January 12, 2017 by
THE MYANMAR Investment Commission, a government body to facilitate both foreign and local investment, has planned plans to provide more incentives for investors in the two areas that are crucial to the country’s growth, labour-intensive industries and infrastructure development, a senior official said. According to Aung Naing Oo, secretary of Myanmar Investment Commission and director […]
Myanmar considers legalising some gambling for more state revenue
October 30, 2014 by
Yangon (dpa) – Myanmar plans to legalise some types of gambling, including casinos for foreigners only in upper-tier hotels, an official said Wednesday. “We have finalised the reformed gambling law and are ready to send it to the parliament for suggestion, discussion and then approval,” said an official of the Home Affairs Ministry, who asked […]
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