The Ministry of Energy wants to clean up the country’s oil industry. The ministry has submitted a bill to parliament that would regulate the murky and anarchic conditions in which oil is produced in the nation’s mid-section.
Envoy’s visit comes amid criticism the country’s business interests have been served by a peace-industrial complex.
Comments by U Thein Sein signalling an interest in serving a second term have fuelled the talk of a split in the Union Solidarity and Development Party between the president and parliamentary Speaker Thura U Shwe Mann, his presumed rival.
The days of K1500 traffic fines may soon be over. Following repeated warnings from police that the current fines are too low to be an effective deterrent, the government has published a draft law that would raise the minimum fine to K30,000 and the maximum to K1 million.
Yangon is about to take the first practical steps toward upgrading its public transport system. Armed with a K12.5 billion kitty – K10 billion from the government, and the remainder from private companies – the city will soon lay out dedicated bus lanes, and import the buses that will run along them.
A bus line involved in a deadly accident last May has been closed down by the authorities. Elite Express, which ran between Yangon and Pyin Oo Lwin, was ordered shuttered by Mandalay Region’s road transport minister, U Kyaw San, on July 4.
With the Ministry of Hotels and Tourism expecting 4.5 to 5 million tourist arrivals in 2015, and 7.5 million by 2020, local travel industry experts are busily dreaming up ways to promote Myanmar as a destination to ensure that these target numbers are met.