Friday, October 28, 2016
The Myanmar Times
The Myanmar Times

Businessman to found K1b fund for education

Businesmann turned politician U Khin Shwe has pledged K1 billion (about US$1.3 million) from his own pocket to establish an education foundation.

U Khin Shwe, the representative for Yangon Region Constituency 9 and owner of Zaykabar company, informed the hluttaw on September 12 he planned to establish the Mya Yeik Nyo Foundation for Health, Education and Culture.

The announcement came after Amyotha Hluttaw Speaker U Khin Aung Myint suggested on September 9 that U Khin Shwe start an “education foundation” to improve the living standards of the country’s teachers.

He was speaking after U Khin Shwe proposed that the government “improve living standards of education staff”, primarily by allowing them to register private tuition businesses.

He said this would raise teachers’ incomes without draining the state budget but also proposed paying teachers bonuses or allowances to supplement their “meagre” incomes. Nine representatives discussed the proposal and afterwards U Khin Aung Myint put it on record as a suggestion.

U Khin Maung Yi from Ayeyarwady Region Constituency 6 said that the present tuition law was still valid and if the proposal was to be acted on it should be amended as a first step.

However, he said it was “awkward” to give the 270,000 teachers in the state system the right to run private tuition classes. Dr Myint Kyi from Yangon Region Constituency 8 argued that the proposal to give teachers extra allowances should be reviewed because the state needed to be consistent in the way it treats its employees.

Translated by Thit Lwin