December 01, 2016

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Pyidaungsu Hluttaw representative invited to debate foreign loans

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Land should be confiscated in the interest of the people: said Pyidaungsu Hluttaw Legal Affairs and Special Cases Assessment Commission.
The State is the original and rightful owner of all land in the country, and as a result it is advisable that the state is entitled to confiscate and manage land as some people are monopolising farmland with the intention of using the land for other purposes, which leads to skyrocketing prices of land for local and foreign investors, says the finding of the Pyiduangsu Hluttaw Legal Affairs and Special Cases Assessment Commission.
The commission also recommended that some land should be confiscated at appropriate prices in the interests of the people.
Dr Than Win, Vice Chairman-2 of the Pyidaungsu Hluttaw Legal Affairs and Special Cases Assessment Commission, was submitting its findings on the national land use policy to the fifth day session of the Pyidaungsu Hluttaw yesterday.
The findings suggested that the union government or state/region governments confiscated land monopolised by some people and to manage the land effectively in the interests of the country and the people.
The Pyidaungsu Hluttaw session today also approved transfers of duties of some officials and members of Hluttaw committees and the Deputy Minister for Planning and Finance U Maung Maung Win clarified to take foreign loans including US$61.3 million for Twantay Canal from Korea, 93,970 yen from Japan for agricultural and rural development which focuses on Nay Pyi Taw, Ayeyawady Region, Mandalay Region and western parts of Bago Region in the 2017 fiscal year and Yangon Region, Mon State and Shan State (North) in the 2018-19 fiscal year, loans from Japan to renovate roads in different parts of the country and a loan of 6,650 yen from Japan for poverty reduction in states. Representatives were invited to debate the matters in future sessions.

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