Chairman of State Administration Council Senior General Min Aung Hlaing meets Union ministers, Union level bodies

Nay Pyi Taw February 3 Chairman of the State Administration Council Commander in Chief of Defence Services Senior General Min Aung Hlaing this afternoon met with Union ministers and officials from Union level bodies at the meeting hall of the President House, here. Also present at the meeting were Vice Chairman of the State Administration […]

Myanmar State Counsellor calls on public not to panic over banking industry rumours

Myanmar State Counsellor Aung San Suu Kyi conveyed a message through MPs from her party to people not to panic over the current rumours related with the banking and finance industry. She said these words at a meeting with MPs of the lower house and upper house from her National League for Democracy party from […]

No need to be worried about bank loan rumours: CBM

Rumours of runaway non-performing loans (NPLs) at local banks are unfounded and the public has nothing to be concerned about, Daw Khin San Hlaing, chair of the Pyithu Hluttaw’s Banking and Financial Development Committee, said after a meeting between the committee and central bank on Tuesday evening. “The CBM reassured us that private banks are […]

Villagers retake land from gold mining company

About 300 local people and their supporters took back their land from Myanmar Sithu Gold Mining Company at Yayhtwet village, Chaunggyi village-tracts, Thapeikyin Township, Pyinoolwin district, Mandalay Region on 3 January. They were supported by people from Patheingyi, Madaya and Singu townships. They said that they had to retake their land after gold mining companies […]

Myanmar: rape claims were ‘fabricated’

The alleged rape of a Buddhist woman by two Muslim men that triggered religious violence in the central Myanmar city of Mandalay was fabricated, authorities said on Sunday. A Home Ministry announcement published in the Myanma Ahlin newspaper said a third Muslim man had sought to frame the two owners of a tea shop because […]