MPs debate establishment of Insurance Guarantee Fund

The third regular session of the third Amyotha Hluttaw continued for the third day at its building in Nay Pyi Taw yesterday morning.

Amyotha Hluttaw representatives discussed a motion tabled by MP Daw Khin Swe from the Magway Region Constituency 12, urging the Union Government to enact laws and rules for establishing an Insurance Guarantee Fund and a policy transfer protection mechanism so that insured citizens do not lose their rights when insurance businesses suspend operations or withdraw from Myanmar.

The Speaker of the Amyotha Hluttaw announced that remaining Hluttaw representatives will continue discussions over the proposal, replies from the Union-level dignitary and seeking the approval of the Hluttaw will be conducted on 28 September.

Furthermore, MP U Tin Myo Zaw from the Magway Region Constituency 2, MP U Thein Zaw from the Bago Region Constituency 8 and MP U Aung Thiha from the Yangon Constituency 5 raised questions on the settlements of flood victims, the fulfilments for students of Institute of Agriculture and Livestock (Thayawady), and the enactment of a contract farming law, implementation of agricultural public-private partnership projects and setting up of the agricultural data system.

Deputy Minister for Agriculture, Livestock and Irrigation Dr Ye Tint Tun responded that although the residents of Myaynu Village, Magway Township, have expressed their desire to relocate their village to another site from their current village land and, if permission is granted for the relocation, to regain the right to cultivate and make a living from approximately 410 acres of alluvial island farmland where they have been engaged in farming, further action regarding the cultivation and use of the alluvial island farmland must be taken in accordance with the provisions on "allocation of land-use rights for alluvial island farmland" prescribed in Chapter 12 of the 2012 Farmland Rules.