DOMESTIC NEWS: Formation of Union Peace-making Central Committee [Order No.11/2012]...Formation of Union Peace-making Work Committee [Order No. 12/2012]...Vice-President Dr Sai Mauk Kham inspects sports grounds, Hledan Overpass construction project in Yangon...Dy Construction Minister inspects roads, bridges works...Plenary meeting on forming Pabedan Township Writers Association...Motorboats under maintenance before rainy season...Township Writers Association reconstituted in Yankin Township... Cash donated to fund for construction of walls...Workshop on rights of child held in Sittway...Kamayut Township reconstitutes writers association...Respects paid to doyen literati...Self-reliant supply of electricity undertaken in Yedashe Township...EXHIBITION OPENED: Yangon ICT Exhibition [photo]...Child-centred teaching course 12-22 May...Fire destroys two houses in Ye...New tractors transported for state and region governments...Kayah farmers observe Palethwe hybrid paddy plantations in Nay Pyi Taw...Sagaing Region Chief Minister inspects foundry in Monywa...UMFCCI to hold its 21st anniversary in Nay Pyi Taw...How to address climate change in Central Myanmar discussed...UMFCCI to hold talk on 19 May...Fire breaks out in Mahlaing Township...Yamethin Township WJA holds plenary meeting...MDA to hold educative talk...Phu Pwint Wai Library put into service in Hmawby Township...Stake drive for school building in Muse...ROAD INAUGURATED: Self-reliant Khaingthitsa concrete road was opened at the road [photo]...RMGCC 3rd Anniversary Charity golf tournament to kicks off on 26 May...Labutta TV Retransmission Station starts airing programmes through UHF system...Briefing on recounting 22nd AGM of Chin State MCWSC...Educational fund contributed to Mawlamyine MTE...Noteworthy amounts of rainfall (18-5-2012)..... EXTERNAL RELATIONS: Union I&C Minister receives Secretary-General of CNIE and party...Deputy H & T Minister meets JMA Chairman...63rd ASEAN Science and Technology Committee Meeting concludes...Union Minister for Information and for Culture receives representatives of Chinese company...Union F&R Minister receives US, Japanese guests separately...AFC (C) Certificate Coaching Course, MA Referee?s Course commence...Vietnam to invest in rice sector for first time...MWEA member leaves for Thailand...Chairman of Constitutional Tribunal and party leave for ROK..... "PERSPECTIVES": "Adapt or die" [need for State-owned enterprises to become more efficient]..... ARTICLE: "Towards a sound financial system: Regime Change" By San Thein [exchange rates]