Pyidaungsu Hluttaw concludes 9th session

The Second Pyidaungsu Hluttaw ninth regular session held its 23rd day meeting in Nay Pyi Taw yesterday and a report on the current work of the government by U Kyaw Tint Swe, Union Minister for the Office of the State Counsellor, was on the top of the agenda.

The report of Union Minister U Kyaw Tint Swe, on behalf of the Union Government, was documented by the Pyidaungsu Hluttaw.

(Below is the full text of the report.)

In yesterday’s meeting, Pyidaungsu Hluttaw also approved the forest bill and the Union taxation bill-2018-2019, after scrutinizing them paragraph by paragraph.

Hluttaw gives nod to US$ 298.9 million loan from ADB for electrification project

Pyidaungsu Hluttaw also passed a motion to accept a loan of US$ 298.9 million from the Asian Development Bank (ADB) to be used in implementing the power supply network project of the Ministry of Electricity and Energy.

In the debate, Deputy Minister for Electricity and Energy Dr Tun Naing said the ministry is implementing the 19 projects to be able to satisfy a higher demand for electricity in the future, adding that US$10.48 million will be spent on hiring a consultant for the project and US$38.6 million for unexpected expenditures.

Under the project, the 230 KV power-line linking Mawlamyine and Dawei passing through Ye, power stations in Ye and Dawei. The Mawlamyine-Ye-Dawei power line will be over 177 miles long, according to the Deputy Minister.

Upon completion of the project, about 470 villages in Ye Township and Dawei District in Taninthayi Region would get access to electricity distributed by the ministry.

Besides, over 400,000 families in Mon State and Taninthayi Region will get access to electricity, said the deputy minister.

Work on building the Mawlamyine-Ye-Dawei power line and sub-power station is expected to be carried out in the 20118-2019 fiscal year.

During the debate, Deputy Minister for Planning and Finance U Khin Maung Win said the suspension period for the ADB loan is eight years and the debt payment period is 24 years.

Under the project, the 230 KV power-line linking Mawlamyine and Dawei passing through Ye, power stations in Ye and Dawei will be implemented. The Mawlamyine-Ye-Dawei power line will be over 177 miles long, according to the Deputy Minister.

Upon completion of the project, about 470 villages in Ye Township and Dawei District in Taninthayi Region would get access to electricity distributed by the ministry.

Besides, over 400,000 families in Mon State and Taninthayi Region will get access to electricity, said the deputy minister.

Work on building the Mawlamyine-Ye-Dawei power line and sub-power station is expected to be carried out in the 2018-2019 fiscal year.

During the debate, Deputy Minister for Planning and Finance U Maung Maung Win said the suspension period for the ADB loan is eight years and the debt payment period is 24 years.

The interest rate is one per cent during the suspension period and 1.5 per cent during the repayment period, according to the deputy minister.

“The Ministry of Planning and Finance will carry out the process of getting loan, including negotiation, signing loan, activation of the loan and getting the loan, in accordance with the rules and regulations, and will try to timely complete the process,” said Deputy Minister U Maung Maung Win.

Following the debate, the Pyidaungsu Hluttaw approved the motion.

Union taxation bill 2018-2019

Pyidaungsu Hluttaw approved the Union taxation bill 2018-2019, after the bill with remarks by the Joint Bill Committee was scrutinized, paragraph by paragraph by MPs.

Yesterday’s meeting was the last day meeting of the ninth regular session of Pyidaungsu Hluttaw.

In his conclusion remarks, Speaker of Pyidaungsu Hluttaw U T Khun Myat said the Pyidaungsu Hluttaw approved the National Planning Bill, the Union Budget Bill and the Union Taxation Bill during the ninth session of the parliament.

The efforts of Pyidaungsu Hluttaw in the ninth regular session aimed at preventing wastage from the public fund, encouraging investment and increasing revenue for the country, while easing the burden of the tax papers, said the Speaker.

A total of five bills were approved in the ninth regular session of the Pyidaungsu Hluttaw.

The achievements of Pyidaungsu Hluttaw during the session include the appointment of the Governor of the Central Bank of Myanmar, seeking approval for Part-II of the Union Accord gained from the Union Peace Conference-21st Century Panglong , approval of two signings of Myanmar into international organizations and putting the two issues of emergency fund on record.

Pyidaungsu Hluttaw also discussed and documented the three reports and completed five issues of getting loans from international organizations.

The Speaker also urged the MPs from regions and states to submit proposals for development funds allocated by Pyidaungsu Hluttaw, not later than December this year.

Myo Myint, Aung Ye Thwin

Ref; The Global New Light of Myanmar