Description:
HLUTTAW SESSIONS: Pyidaungsu Hluttaw Roundup: "Nay
Pyi
Taw, 25 Aug — Pyidaungsu Hluttaw
representatives approved a
US$400 million loan from
the World Bank on Tuesday.
The loan will be split
between the Ministry of
Livestock, Fisheries and
Rural Development and the
Ministry of Electric Power.
U Maung Toe of Minhla constituency supported
the loan and said that although parliament has already approved over US$
1.4 billion in foreign loans,
low interest rates on the
loans make further ones vi-able. Daw Tin Nwe Oo MP
disagreed. She said that any
spending on unnecessary
projects should be cut and
stressed that taking another loan while the US dollar
prices is rising against the
kyat is unwise. The loan was
approved by the majority of
members during a vote that
followed discussions.
Meanwhile, the newly
appointed Union Minister
for Defence Lt-Gen Sein
Win and Union Minister
for Border Affairs Lt-Gen
Kyaw Swe gave an oath before the Hluttaw speaker.
Representatives also
passed a bill amending the
constitutional law as well
as the Myanmar Red Cross
Society Bill."
...Pyithu Hluttaw (Lower House) Roundup: "Nay
Pyi
Taw,
25 Aug — Myanmar?s financial
rules do not allow state-run
economic organisations to
deposit money in private
banks, said the Deputy Governor of the Central Bank of
Myanmar U Set Aung on
Tuesday.
The deputy governor
was responding to a question raised by U Ohn Ngwe,
MP for Myaung. He said
that the government?s economic organisations may only open bank accounts at
Myanma Economic Banks
and added that state-owned
banks are permitted to take
part in the treasury bill auction and deposit auction as
a means of raising revenue
to cover expenses. He noted that the Central Bank of
Myanmar considers Myanma Economic Bank as a
non-competitive bidder in
deposit auctions, which is in
line with the country?s monetary policies.
Meanwhile, U Than Oo
of Myawady constituency
asked about whether there
are plans to reduce toll gate
fees for vehicles owned outside Yangon Region. Deputy Minister at the President
Office U Kyaw Kyaw Win
responded by saying that
Yangon City Development
Committee currently gives
exemptions of toll gate fees
to buses, departmental vehicles, government vehicles
and cargo trucks. He did not
state whether reduced fees
for general traffic from outside Yangon is on the cards.
The Hluttaw session
also approved a bill which
amended a 2012 Pyithu
Hluttaw Law as well as the
Vehicle bill.
Secretary of Pyithu
Hluttaw Investment and Industrial Development Committee U Kyi Tha read out
the industrial bill to members prior to voting.".....
OTHER DOMESTIC NEWS:Two chief ministers
to retire...Six elephants being shooed back to Bago forest...50 bills left with a week to go...Chaungshay villagers call for lake to be dredged - Than Tin Aung...Seed program aims to revive paddy cultivation...Students given
textbooks and
stationery after
floods...Flood-hit bridge to be
repaired by the end of
the month.....
EXTERNAL RELATIONS: US, Canada back minimum wage - North America keen to see minimum wage adopted with ?no exemptions? in Myanmar - By Aye Min Soe...Meeting held to discuss USD-kyat
exchange rates...New batch of ministry
tour guides begin
training...Vice-Senior General Soe Win
visits Thailand after Japan visit...ICRC calls on Commander-in-Chief...Myanmar hands over 125 boat people to Bangladesh...Thai clubs eye
striker Aung Thu...Yadanarbon FC to go
head-to-head with Ayeyawady
United in grand final.....
"PERSPECTIVES": "What don?t journalists and
historians have in common?" - By Myint Win Thein.....ARTICLE: "Keep Our Mind Pure Be Good to Others" -
By Htun Tin Htun.....POEM: "Success of the
Peace Process"- Lokethar
Source/publisher:
The Global New Light of Myanmar
Date of Publication:
2015-08-26
Date of entry:
2015-08-26
Grouping:
- Individual Documents
Category:
Language:
English
Local URL:
Format:
pdf
Size:
4.47 MB
