August 30, 2016

Pyidaungsu Hluttaw holds tenth-day meeting, releases Peace Conference statement

Pyidaungsu Hluttaw Speaker arriving the Pyidaungsu Hluttaw meeting.
Pyidaungsu Hluttaw Speaker arriving the Pyidaungsu Hluttaw meeting.

THE Pyidaungsu Hluttaw’s announcement hailing the Union Peace Conference—21st Century Panglong was passed by 390 to 184 votes in parliament yesterday.
The announcement was put to a vote following representative of the Tatmadaw representative Maj-Gen Than Soe’s complaint regarding the wording of the Democratic Federal Union, saying that the wording was contrary to the constitution.
During the meeting, Speaker Mahn Win Khaing Than documented a budget allocation of K5.6 billion for four projects.
MPs also discussed in support of Myanmar’s signing of the agreement amending the ASEAN Comprehensive Investment Agreement sent by the President to parliament.
In his discussion, U Than Soe of Yangon Region Constituency 4 expressed his satisfaction that the amended agreement guarantees opportunities and protection to the citizens of a country where investment would be made.
The parliament agreed to support the amendment.
Three MPs discussed the issue of the Union government’s proposed to borrow money from the Central Bank of Myanmar to supply the deficit of the Union government’s deposit, suggesting the government borrow the money only after taking measures to control currency inflation.
Following the discussion, parliament decided to seek out a final decision at the next meeting.


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