Myanmar parliament discusses financial policy

10/20/2017 - 8:54:44 AM

The Myanmar parliament resumed its sixth session on October 17, focusing on financial issues and policy.

Parliamentarians of Myanmar in a meeting in 2016 (File Photo: AFP/VNA)

According to parliament sources, Myanmar’s parliamentarians will consider an additional state budget bill for the current fiscal year 2017-2018 and a change in the period of the fiscal year 2018 to start from October 1, 2017 instead of from April 1.

The issue of getting loans from the Central Bank of Myanmar to fill the budget deficit of the government’s deposit account for 2017-2018 was also discussed.

Approval is also being sought from the parliament for Myanmar's participation in signing in the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation (BIMSTEC) on provision of mutual assistance concerning criminal cases and the agreement on the amendment of ASEAN multi-investment contract.

During the last session of the parliament which ended on August 31, a total of 20 laws were enacted, 16 draft laws were adopted by and 23 bills were considered.

The current parliament was formed through the general election in November 2015 with the victory of the National League for Democracy (NLD) party.-

Source: VNA

Existential danger from COVID-19 pandemic

The danger from the COVID-19 pandemic is still latent, threatening people’s health and lives in the context that the immunity provided from the COVID-19 vaccine has decreased. Many other dangerous diseases are also likely to break out when the global vaccination rate slows down, due to inequality in access to health services, vaccine hesitancy, and consequences of economic recession.

Vietnam among ASEAN countries recording EV sales surge

The Association of Southeast Asian Nations (ASEAN) is witnessing a rise in the sales of electric vehicles (EVs) in Vietnam, Malaysia and Indonesia, according to Maybank Investment Bank Research (Maybank IB Research).

International friends bid farewell to Party General Secretary Nguyen Phu Trong

The respect paying ceremony for Party General Secretary Nguyen Phu Trong continued on the morning of July 26 at the National Funeral Hall in Hanoi, with high-level delegations from foreign countries and international organisations paying their last respects and expressing deep condolences.

Global outpouring of grief for Vietnamese Party chief

A wave of condolences have poured in from world leaders, international organisations, rulling parties, Communist parties and partner parties following the death of Vietnamese Party General Secretary Nguyen Phu Trong.

Party General Secretary Nguyen Phu Trong, a revered leader in Vietnam and world: Australian Senate President

President of the Australian Senate Sue Lines has expressed her deepest sympathy over the passing of General Secretary of the Communist Party of Vietnam Central Committee Nguyen Phu Trong and affirmed that he is a revered leader both in Vietnam and across the world.

Vietnam hopes UN, ASEAN coordinate closely, effectively over Myanmar issue: Ambassador

Ambassador Dang Hoang Giang, Vietnam’s Permanent Representative to the United Nations (UN), on June 5 had a meeting with UN Secretary-General’s Special Envoy on Myanmar Julie Bishop during her working visit to New York.