Suu Kyi allies form Myanmar ruling party after decades of struggle

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MON, 1 FEB, 2016 2:45 PM
“This is Myanmar’s first parliament in years that was chosen by the people,” said Pyon Cho, who is now a lawmaker and spent20 years in jail as a member of the anti-junta group the 88Generation Students.

“We have the majority. We have the duty to fulfil our manifesto and change the lives of the people in this country.”

Some new members looked disoriented as they wandered through the enormous parliament building in the purpose-built capital raised by the junta in secret from the rice paddies.

The presidential nomination process is likely to take place later in the month, NLD members said.

Under the 2008 constitution, Suu Kyi is barred from taking the position because her children are not Myanmar citizens. She has given no indication as to who will take over from outgoing President Thein Sein and the NLD has no clear number two.

IN CONTROL

Suu Kyi has said she will be “above the president” and incomplete control of the government, but the NLD has not explained how she will do this.

Each of the parliament’s two chambers will choose a presidential candidate and the military officials who hold a quarter of seats will also put forward their own nominee.

A combined session of the chambers will then vote on the three candidates. The winner will become president, with the other two serving as vice presidents.

This week, the NLD will focus on appointing parliamentary speakers, who were announced last week. It will also prepare for the start of state and regional assemblies on Feb. 8, some in places dominated by large ethnic minorities such as Shan State in the east or Rakhine in the west.

Expectations are towering for Suu Kyi, who is regarded with an almost religious zeal in the Southeast Asian nation. Suu Kyi spent 15 years under house arrest after the NLD won an election in 1990. The junta never recognised the result of that vote.

Myanmar’s 51.5 million people expect the NLD to fix everything, from completing the transformation of an economy stunted by decades of isolation to bringing peace to states riven by ethnic conflict.

“They (people) hope that every problem will be solved automatically after the NLD becomes the government, FDI (foreign direct investment) will come in,” said Shwe Mann, the outgoing speaker of parliament, who is close to Suu Kyi despite being a former leader of the junta-linked Union Solidarity and Development Party.

“To accomplish the challenges, they need to choose the right people and put them in right positions,” said Shwe Mann. “This is also my main concern, because it will decide the performance of her government.”

– Reuters

More childcare centres set up at S’pore workplaces

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Priscilla Goy
The Straits Times   MON, 1 FEB, 2016 1:11 PM

SINGAPORE – For a growing number of parents, junior is only a stone’s throw away in a childcare centre near their workplace.

Last year, there were 390 childcare centres at workplaces, which include those in commercial or government buildings, or industrial estates. This is a rise of nearly 50 per cent from that in 2012.

Last month, a childcare centre even opened on Sentosa. Islander Pre-School, under the EtonHouse chain, became the third pre-school there and caters to those working on the island.

Childcare centres at workplaces made up 31 per cent of more than 1,200 childcare centres here last year, up from 26 per cent in 2012, according to figures from the Early Childhood Development Agency.

The increase in such workplace childcare centres comes amid higher demand for childcare services as more women enter the workforce.

It also follows an enhancement of the Workplace Child Care Centre Scheme in 2013, to allow all building owners or employers to apply for grants that cover up to half the cost of converting their premises into a childcare centre for employees. Only government-owned buildings were eligible previously.

Firms with childcare centres in their office premises said there was high demand for such services and they wanted to support their staff.

OCBC – the first bank here to have an on-site childcare centre – partnered the National Trades Union Congress twice to set up The Little Skool-House centres.

One is at OCBC Centre in Raffles Place, set up in 2007, and the other was set up in Tampines Junction office complex in 2010 to meet the needs of parents in the bank’s Tampines branch in a building nearby.

OCBC’s head of human resource planning Jacinta Low said: “We want to give (our) staff peace of mind, knowing that their child is well cared for in a safe environment, and encourage employees to be more involved in the crucial growing years of their children.”

But operators noted some companies may not be keen to have childcare facilities on their premises.

Ms June Rusdon, chief executive of Busy Bees Asia, which owns brands such as Learning Vision, said: “Some building owners have the perception that having a childcare centre negatively affects the ’image’ of their building.”

Kinderland Educare Services general manager Seet Lee Kiang also noted that some owners of private buildings seem less keen on allocating space for childcare facilities.

Meanwhile, firms said they benefit from having workplace childcare centres.

IT firm NCS’ human resource head Doreen Loh said: “We’ve observed higher productivity and lower absenteeism rate among the parents.” Parents said having children in centres at their workplace and not near their homes has benefits.

Mr Derrick Sim, 31, who co-owns a marine services company with his father, works in an office on Sentosa. His two-year-old daughter is enrolled at Islander Pre-School.

“My company is a family business, so having my child enrolled in a centre on Sentosa allows for more opportunity for family bonding, as both my father and I can spend time with my daughter,” he said.

OCBC process and service innovation manager Rebecca Chiew, 32, has two sons in the pre-school in OCBC Centre.

She said: “I get to spend more time with them during our morning and evening commutes. Having the pre-school and my office in the same building is also useful during emergencies – I can rush to them quickly when the need arises.”

State-owned enterprises need urgent reforms: NRGI

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http://www.nationmultimedia.com/aec/State-owned-enterprises-need-urgent-reforms-NRGI-30278200.html

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Khine Kyaw
Myanmar Eleven
YANGON    MON, 1 FEB, 2016 1:00 AM

Large firms monopolise revenues; land grabs target poorer citizens

Myanmar’s new government should urgently reform state-owned enterprises in the oil and gas and mining industries due to the sizeable revenue against little oversight, says a non-profit organisation.

Launching a report on Thursday, the Natural Resource Governance Institute (NRGI) noted that in fiscal 2015-16, the enterprises’ combined revenue is projected to reach 20 per cent of the government’s revenue and 15 per cent of expenditures.

However, the nation is unlikely to benefit hugely from their operations since profitable enterprises are allowed to retain almost 55 per cent of revenue in company-controlled “other accounts” that are not subject to the annual budget process.

“The enterprises play a crucial role here, as they exert significant influence over public revenues. In recent years, they accounted for a major portion of all government revenues and expenditures.

“But these enterprises are carrying out their activities with very little formal internal oversight and less public transparency,” said Patrick Heller, director of legal and economic programmes and co-author of the report.

Myanmar’s first EITI report, covering fiscal 2013-14, showed that the government received US$3.1 billion (Bt111.5 billion) from the extractive sector.

Myanma Oil and Gas Enterprise (MOGE), a state-owned company, retained $1.3 billion of this revenue for its own operating expenses and raw materials. The four state-owned mining companies collectively retained about $230 million.

Heller warned against the increasing financial autonomy of the enterprises and poor transparency of the “other accounts”.

“Though we have not seen any published figures on the exact size to which these accounts have grown, some of them appear to have reached billions of dollars,” he said.

He noted that MOGE’s retained revenue in the year was nearly twice the government’s health budget of $750 million and higher than the education budget of $1.1 billion.

The report also highlighted that military-affiliated companies like Myanmar Economic Corporation and Union of Myanmar Economic Holdings Ltd (UMEHL) are playing a key role in the mining industry.

Though they are private companies, many stakeholders in Myanmar indicated that these companies play important quasi-official roles in determining who gets access to mining projects and in distributing the benefits of extraction, overlapping the authority of SOEs in confusing ways and impeding public accountability.

It suggested the setting of revenue retention policies matched to commercial strategies, enhancing public disclosure of key data, reducing any unnecessary overlaps between the state-owned enterprises and other public entities and ensuring strong mechanisms for internal accountability are in place.

Land grabs will be another headache for the government. In its report submitted to parliament in July, the land confiscation investigation commission said that up to January 21, it had submitted 19,836 land dispute case files to the government. Of them, 6,423 cases remain unresolved.

In Yangon region, authorities returned 359,902 acres of confiscated land and paid 523,099 kyat (B14,400) in compensation.

New cases keep springing up

Last week, around 600 huts in Mingaladon housing 2,500 people were bulldozed. Next to their land is a beer factory of UMEHL. Evicted resident Hla Hla Kyi, 58, said he had lived there for 15 years and earned his living through farming.

“We don’t know where we will go,” he said.

The demolition came only a few days after residents received the eviction notice from UMEHL, he said.

As of Friday, it was reported that they

were forced to live in bamboo huts next to main roads, along with squatters evicted from other parts of Yangon. The Yangon City Development Committee estimates that Yangon houses about 300,000 squatters in 33 townships.

Khin Hlaing, a member of the committee, said their houses would be demolished but little by little to minimise the impacts on the squatters. He said the next government might be able to offer the squatters permanent accommodation.

Week in Review: Myanmar

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Myanmar Eleven   MON, 1 FEB, 2016 1:00 AM

Operations in Thilawa Three Japanese export-oriented factories have commenced operations in the Thilawa Special Economic Zone, according to the zone’s operator.

They are the first of over 40 from 13 countries committed to investing in the zone. The construction work is underway for most of the other factories.

Police target taxi crimes

Police took action against 146 unlicensed taxis in Yangon in a move to control crimes committed by cabbies.

Pol Captain Aung Ko Oo said last week that some of them carried fake licences and these people are more likely to commit crimes. A passenger was beaten by an iron rod and robbed on Tuesday.

All taxi drivers in the city must show a valid licence or risk a six-month suspension, 50,000 kyat (Bt1,375) fine and a month in jail.

Perilous Facebook post

Facebook user Zaw Myo Nyunt was

sentenced to one year in prison with hard labour for his Facebook post that “defamed” Commander-in-Chief Senior General Min Aung Hlaing.

He was also convicted of distributing materials that upset public tranquillity.

He was arrested on October 6.

“It’s unfair that I was punished like this. There should no longer be such prosecutions that oppress the people,” he said.

Two other users – Chaw Sandi Tun and Kachin national Khum Jar Lee – were earlier sentenced to six months in jail for similar defamatory posts.

Power transfer talks

Aung San Suu Kyi, chairwoman of the National League for Democracy, met the commander-in-chief for the second time since the election for nearly two hours.

They discussed the post-election transition, parliamentary affairs, duties of the incoming government and future steps for the national peace process.

The government’s support committee for the handover of the duties of the head of state and NLD’s transition committee held another meeting, about two months from the first meeting on November 22.

Information Minister Ye Htut said they discussed plans to hold a handover ceremony. Another meeting is scheduled for next month.

$1 bn in development loans

Myanmar received loans worth over US$1 billion (Bt36 billion) in fiscal 2014-15 from the governments of Japan, China and South Korea and international organisations, according to the National Planning and Economic Development Ministry.

The loans were used to upgrade telecommunications infrastructure and railroad sections, build subpower stations and reform the financial sector throughout the last fiscal year.

Japan loaned $628 million for the upgrades of the Thilawa-Thanlyin road and Yangon-Mandalay railroad project by the Rail Transportation Ministry, extension of the Lagonepyin water supply project in Yangon under the Yangon City Development Committee and development of dam projects in western Bago region.

China loaned $20 million for the construction of the Athoke-Pathein power grid and subpower station. South Korea loaned $200 million for the construction of the Taunggo-Kamarnat subpower station and the purchase of farm equipment through a long-term instalment plan.

Microsoft hosts workshops

Microsoft has hosted a series of workshops and seminars for local business leaders and entrepreneurs, sharing emerging trends in technology and discussing how technology innovation can help local businesses grow, transform and build the local economy.

It also met with management from the Yangon Stock Exchange. They shared ways that modern exchanges from the region and globally are helping to protect companies and investors with cybersecurity best practices.

Security bill passed

MPs passed the controversial security bill just days before parliament was adjourned.

Under the law, President Thein Sein will be shielded against legal charges regarding his decisions while serving the nation.

The Home Affairs Ministry will take responsibility for his security after leaving office. The original text of the bill said this duty would be shared with the Defence Ministry.

Rental housing project

Construction of a rental housing project began in South Dagon township in Yangon, involving 26 local construction companies. Monthly rents are set at 30,000-50,000 kyat. The project is expected to be completed at the end of March.

The Yangon government was allocated 20 billion kyat for the project.

Indonesia safe for tourists celebrating Chinese New Year: Govt

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The Jakarta Post   SUN, 31 JAN, 2016 10:26 PM

JAKARTA – All parts of Indonesia is safe for tourists, including Chinese citizens who are seeking to celebrate Chinese New Year in the archipelago, a Tourism Ministry official has said.

Tourism Ministry deputy director of sales missions for Asia Pacific, Jordi Paliama, said despite the recent terrorist attack in Central Jakarta, the capital, as well as other regions in the country, were currently safe to visit.

The ministry expects to attract 1.7 million holidaymakers from China throughout this year.

China is said to be among Indonesia’s main sources of foreign tourist arrivals, alongside Australia, Japan, Malaysia and Singapore.

In 2015, over 1.14 million Chinese citizens visited the archipelago, an increase of 18.77 percent from the previous year.

“Indonesia has many attractive tourism destinations for Chinese tourists to visit apart from Bali. We’re currently also developing 10 other main destinations,” said Jordi as quoted by kompas.com.

Kachin girl sold to China for 15k yuan

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Eleven Myanmar   SUN, 31 JAN, 2016 10:23

YANGON – An 18-year-old Myitkyina girl was sold into a Chinese marriage for 15,000 yuan (Ks3 million), according to trafficking police in Kachin State.

A suspected female trafficker named Khama Kharpar was arrested and was facing legal action but the victim was still in China despite efforts by the authorities to rescue her, said the police.

Khama Kharpar apparently promised the girl a job paying 1,500 yuan making clothes in Ruili, China, and took her to China last September. Police said after Khama Kharpar’s arrest in Myitkyina, the trafficker admitted that the girl was sold to a man.

They said her father reported the case on January 26, saying he had lost contact with the girl.

Kkama Kharpar married a Chinese man six years ago. She visited Myitkyina last September and took the girl with her when she returned.

Reports say about 130 women were sold to China last year for forced marriages or sex work.

PH Ombudsman: Tough inquisitor has a soft side

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Tarra Quismundo
Philippine Daily Inquirer   SUN, 31 JAN, 2016 1:25 PM

MANILA – She is known as the tough-talking prosecutor of the corrupt. Note how those eyebrows are raised almost permanently like they were her insignia of courage and strength.

But beneath the seemingly uncrackable shell, Ombudsman Conchita Carpio Morales keeps a rarely seen soft side – her sense of humor, which is as blunt as it is unexpected.

“My life is tough. Does it show? Does it show?” she said, moving her head from side to side to show her coiffure, her smile brightened by fuchsia-tinted lips.

When told about how she always looked fresh, Morales gladly took the compliment.

“Thank you. You can say that again, because it’s true,” she said with a hearty laugh.

The 74-year-old Morales has been known to come to work always well put together, not a strand of hair out of place.

Morales calls herself a “masochist” for taking on the hectic, stressful and risky job, but the former Supreme Court magistrate, appointed to the anticorruption post in 2011, knows how to spend her limited downtime well.

Shower singer

“I am a bathroom soprano,” she said of her singing.

She later sang a few lines of the 1902 operetta piece “The Glow Worm,” which she plays on the piano, along with Beethoven’s “Für Elise.”

“Sometimes I play the piano, but I can’t play the whole piece … I have a grand piano and one upright piano, but don’t think I’m bragging. You asked,” she said in jest.

But among the most important on her de-stress schedule is her “apostolate work” – taking care of her two apo (grandchildren).

“I do apostolate work. My apos are with me. They break the stress attendant to my work,” said Morales, warming up in an interview with the Inquirer.

Morales has two grandchildren – one 4 and one still a baby – from her late son Umberto (the youngest of two), who had passed away in October. She has kept details of his death private, but made a passing reference to him in the interview.

“My son just passed away last October. Since then, they (grandchildren) have been staying in their condo at daytime, then there are times they come home to me,” she said, half-smiling.

Spoiled but overruled

Being a doting lola, could she ever object to her grandchildren’s wishes and whims?

“I spoil my grandchildren. But sometimes I overrule them because you can’t overdo spoiling them,” she said.

That she is able to relax after office hours is a necessity for Morales, whose tasks as the Ombudsman – the official who must bring to justice the government’s corrupt lot – has limited options on how to spend her little free time.

Holding such a sensitive post requires Morales to always be watched by security men, and so she has taken it upon herself to make sure that even her constant chaperones get a break.

“I never go out without security. I seldom join my family when they eat out because I take a pity at my security. They also need to rest,” Morales said.

Even while at home, she is always on guard. It became an imperative after the gravest threat she had to face back in May 2012, when a package containing a grenade was left near her Muntinlupa home.

The incident happened in the wake of Morales’ testimony on the dollar accounts of the now ousted Chief Justice Renato Corona. The chief justice was convicted by the impeachment court of betrayal of public trust and committing culpable violation of the Constitution after he was found to have underdeclared his assets.

“My house guards did not see because they both left to eat. Since then, that has changed. One of them has to stay outside across the road … And I raised the fence because the military said I should. Some friends who come over don’t recognize my house anymore,” said Morales in an interview in her office.

‘Security risk’

Asked if she was currently facing any security risk, Morales again let out an unexpected quip and told the Inquirer with a laugh: “I think you’re the only security risk to come here today.”

A tedious and devoted worker, Morales spends at least 12 hours at work every day, arriving at her Quezon City office as early as 6:30 a.m., ahead of most everyone. She keeps the buzz even while staying away from snacking and coffee, following her doctor’s advise to guard against acid reflux.

She spends hours upon hours at her “war room,” a working area adjacent to her main office, where piles upon piles of case files from around the country await her assessment and signature.

The official started cultivating this go-getter work ethic from the beginning of her career in the judiciary in 1983, when she was appointed a Regional Trial Court (RTC) judge in Pili, Camarines Sur province.

Following 12 years at the Department of Justice, the Paoay, Ilocos Norte native found herself working at a courthouse in the middle of a farmland, with carabaos and rice fields as the view from her bench.

“I reported there very early. Sometimes I would wear casual clothes and take a tricycle. I’d be met by the guards there who would tell me, ‘The courthouse is still closed,'” Morales said.

“And then the sheriff would come running to fetch me and would tell the guard, ‘She is a judge.’ The guard would, of course, be apologetic,” Morales said.

Early-bird stories

She stayed in Pili for three years and four months before she was transferred to the Pasay RTC.

There, she also had early-bird stories, including that time when her car was flagged by an enforcer on her way to court, accosting her “without any violation.”

“Sometimes I want to keep my official title to myself. But when I was accosted, I told the officer ‘I will be late in court,'” said Morales, taking on her signature stoic mien.

“The enforcer asked, ‘What are you?’ I said, ‘I am a judge.’ ‘And your name?’ ‘Morales.’ Then the officer told me: ‘I am also a Morales. You may go.’ It’s like it’s because of the family name that he let me go,” said the Ombudsman.

Detractors

It’s as if every day, Morales was out to prove wrong detractors who had tried to dissuade her from her current post on account of her age.

“[I was] pissed off,” Morales said of those who did not believe she could handle the taxing job as Ombudsman.

“Many said I was not suited for the job anymore, that I was old, that I won’t be able to handle it anymore, that someone younger would be better for the job,” she said in rapid succession.

She recalled how her interviewers at the Judicial and Bar Council (JBC), the body tasked to draw up a short list for selections for prime posts at the Office of the Ombudsman, even remarked that becoming Ombudsman might be a demotion for an associate justice.

At the time of her nomination, Morales had just completed nearly nine years as associate justice of the Supreme Court.

“You could see that there was a concerted effort to discourage me. But perhaps, with this stuff that I’m made of, the more you try to discourage me – if I think that destiny beckons you, they can’t attack you because of old age – I will accept the challenge,” said Morales, always unfazed.

No protocol

Filipinos may get too “rank-conscious,” Morales said.

“In our culture in the Philippines, if you are a government official, you are the guest of honor, guest speaker, ninong (godfather), ninang (godmother), that if you accept a position as a government official, you are high in the hierarchy. But there is no such thing as protocol as far as I’m concerned,” Morales said.

“When they asked me [at the JBC] why I wanted to become Ombudsman when I had already served as justice, I said, ‘Let’s not talk about ranking. It’s what you can contribute to the country. It’s what you can do to help solve the problems of the country that matters,'” she said.

In July 2011, President Aquino appointed her as Ombudsman. The appointment came a year after the just elected leader chose her, instead of Corona, as the magistrate to administer the oath on him as President.

The President’s choice was in protest to former President Gloria Macapagal-Arroyo’s eleventh hour appointment of Corona – a sentiment apparently shared by Morales, who was the lone dissenter in the Supreme Court ruling that upheld the late appointment.

“When people asked why I was selected by P-Noy, I said it’s because he held the same position about the GMA appointment. And then they said, ‘That’s all?’ I said, ‘Maybe I look like Shalani (Soledad, now Romulo),'” said Morales, laughing in a raised pitch as she made reference to one of the President’s former loves.

Prettier than Angel

When teased that she looked more like actress Angel Locsin in her younger days, Morales had none of it.

“My God, I was prettier than Locsin. What do you say? I am just making you laugh,” she said, herself almost unable to contain the laughter.

Does she ever approach the man who appointed her when they happen to be in the same room during official functions or social events?

“Para que (for what)? You will be giving a wrong impression that you’re ingratiating yourself to the President, which is not proper,” Morales said.

Under Morales, the Office of the Ombudsman posted a 75-per cent conviction rate in 2015, with 81 out of 108 decided cases leading to penalties for officials tagged.

She appealed to the public for patience over cases that the Ombudsman is prosecuting before the courts, most prominently those that stemmed from the P10-billion Priority Development Assistance Fund scam.

Now five years into a stressful seven-year posting, Morales said she has “no regrets at all.”

“If you are able to do your job in accord with what you think is right, right or wrong, you are happy,” Morales said.

Indonesian diplomat’s wife writes about life in Paris

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Novani Nugrahani
The Jakarta Post   SUN, 31 JAN, 2016 1:23 PM

Having previously lived in Japan, Lona said that she experienced culture shock when she first arrived in Paris. But later she found that the city, which is often pictured as beautiful and romantic in novels and films, actually has its own quirk that is not always pretty, yet still exciting to explore.

Lona’s first book, Paris, C’est Ma Vie, published in 2012, served as a daily journal and was written while she was still living in Paris. Meanwhile, Voilá la France, which she wrote after returning to Jakarta, explores the French culture and habits that she found unique and funny from a realistic and humorous perspective.

Her interesting experiences include cycling with her family in Paris, her exposure to Claude Monet paintings, visits to literature cafes and her interactions with Parisians and their unique traditions.

Lona admits that creating the second book was far more challenging than the first.

“The process of writing it is like digging back into pieces of feelings, sensations and memories from the time I was still living in France and weaving them back into words, which is not always easy,” she said.

NLD hosts ‘Road to Change’ photo exhibition

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Eleven Myanmar   SAT, 30 JAN, 2016 1:00 AM

YANGON – The National League for Democracy organised a photo exhibition covering its recent election campaign titled ‘Road to Change’, featuring the photos of its chairwoman Aung San Suu Kyi, NLD patron Tin Oo and the candidates in Yangon Region.

All were taken by photographer Lin Wah. From 97, 30 photos were sold at the price range of Ks10,000 to Ks350,000. The one claiming the highest price featured Suu Kyi. The buyer was Kyaw Si Thu.

Lin Wah said: “I went to Southern District of Yangon Region and took photos during the election campaign period. I didn’t intend to hold the exhibition. The main purpose of the exhibition is to show the involvement of the public in the election.”

He said that he would donate half of the money to the NLD’s social assistance charity

He continued: “I named the exhibition ‘Road to Change’ because Suu Kyi uses that expression, and I like it. The public got involved in the campaign in order to change the whole country. The exhibition shows a total of 97 photos.”

The NLD won 255 seats in the Lower House, 135 seats in the Upper House, 475 seats in state and region parliaments and 21 ethnic representative seats.

Myanmar received over $1 bn in development loans

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Eleven Myanmar   SAT, 30 JAN, 2016 1:00 AM

Myanmar received loans of over US$1 billion from Japan, South Korea and international organisations for various development projects in the 2014-15 fiscal year, according to an annual report released by the Ministry of National Planning and Economic Development.

The loans were used to upgrade telecommunications infrastructure and railroad sections, to build sub-power stations and to reform the financial sector throughout the last fiscal year.

The Ministry of Education, the Ministry of Finance, the Ministry of National Planning and Economic Development, the Auditor-General’s Office and the Myanmar Economic Bank received $141.5 million in loans from the World Bank.

The government of Japan loaned Myanmar $628.180 million for the upgrade of the Thilawa-Thanlyin road under the construction ministry; the upgrade of the Yangon-Mandalay railroad project by the ministry of rail transportation; the extension of the Lagonepyin water supply project in Yangon under the Yangon City Development Committee and the development of dam projects in western Bago Region.

China loaned $20 million for the construction of the 40-mile-long Athoke-Pathein power grid and sub-power station. South Korea loaned $200 million for the construction of the Taunggo-Kamarnat sub-power station and the purchase of farm equipment through the long-term instalment system.

The International Fund for Agricultural Development (IFAD) loaned Myanmar $18.7 million for the development of Myanmar agricultural sector. The Asian Development Bank loaned Myanmar $60 million for extended power distribution projects in Yangon, Mandalay, Sagaing and Magway regions.

During the 2014-2015 fiscal year, Myanmar implemented 115 development projects with the use of $480.338 million in loans from international organisations, according to the ministry’s report.