News

Finance ministry welcomes public feedback with new hotline

The Ministry of Finance has launched the hotline number 1519 to better connect with members of the public so that consumers can more easily air complaints or provide recommendations regarding finance sector operations in the country.​ According to a notice issued by the Ministry of ...

Govt secures World Bank loan for nationwide road upgrades

The government has secured a loan of US$25 million from the World Bank to further strengthen road maintenance and improve road connectivity throughout the country. The Ministry of Finance signed the loan agreement with the World Bank on February 7, with the two parties represented ...

Central bank turns the spotlight on loan favouritism

The Central Bank of Myanmar has accused private banks of granting loans to individuals connected with bank directors. But some businessmen disagree with CB that the banks are self-serving. The Central Bank is investigating the activities of private banks, Director General U Win Thaw told ...

Vice President demands transparency from Finance Ministry

Vice President Phankham Viphavanh called for the Party Committee of the Ministry of Finance to work harder to ensure all the sector’s party cadres and financial officials performed their professional tasks transparently. Mr Phankham, who is also Standing Secretary of the Party Central Committee’s Secretariat, ...

2018 budget deficit hiked

The government has agreed to set a larger budget deficit of 450 billion baht for fiscal 2018, marking a fresh attempt to rev up the economy. The next fiscal year’s budget expenditure is set at 2.9 trillion baht, with revenue collection of 2.45 trillion baht, ...

Reform measures improve governance

The implementation of governance and public administration reform has improved various ministerial sectors in the country. This conclusion was reached at a meeting held in Vientiane on December 19 to review the National Governance and Public Administration Reform Programme. Strengthening Capacity for Service Delivery for Local ...

Govt fights corruption, vows to cut excess

The government has instructed its anti-corruption body to work out necessary measures and carry out inspection to fight against corruption in all forms. The instruction was made at the two-day meeting between the government cabinet, Vientiane Mayor and provincial governors that concluded on December 14 in ...

Restructuring wipes out 25% of VN securities firms

After five years of aggressive restructuring, the number of securities companies here has reduced from 105 to 81 in 2016. This decrease came after the Ministry of Finance made restructuring securities firm a priority in early 2012. The main purpose was to heighten operational quality, financial ...

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