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The Italian coastguard rescued more than 900 migrants in the Mediterranean Sea from several boats which were in difficulty off the Libyan coast. European Union leaders last week agreed to speed up the repatriation of migrants who do not qualify for asylum, in a bid to discourage people from attempting the dangerous crossing of the Mediterranean. Heads of government said they would press countries in Africa and elsewhere to take back migrants and seek to give the EU's border protection agency new powers to return newcomers.

At least 33 people were killed after a passenger ferry with 173 on board capsized in rough waters in the central Philippines on Thursday. Rescue boats picked up dozens of survivors who clung to the overturned hull of the Kim Nirvana. Divers were scouring the murky waters searching for survivors from the inside of the ship. A report on Manila radio said 21 people were missing. The coast guard confirmed that it was engaged in search and rescue activities but could give no further details of the operation.

The Department of Revenue of the Ministry of Finance met with public and private sectors at UMFCCI Wednesday to clarify the 2015 Union Tax Law enacted in April 2015. 

The department of revenue said tax rate reduction on income tax and commercial tax is the most significant change in this law.

President U Thein Sein arrived at Haneda Airport in Tokyo on Thursday to attend the 7th Mekong - Japan Summit which is going to be held from July 2th to 6th. On the sidelines of the summit, the President met with the Minister In Charge of 2020 Tokyo Olympic and Paralympics Games Toshiaki. They discussed the holding of the general election in Myanmar in the coming November, Japan's experiences in producing outstanding footballers and cooperation for the sports sector development in Myanmar. The President also met with Chairman of Marubeni Corporation.

Teachers and Students from University of Yangon planted Monsoon Trees in University of Yangon Thursday. 

The objectives are to protect the community from natural disasters, to maintain heritage and to show the teamwork of the students.  

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Updated on: 11:49AM, July 02 2015
Data by Myanmar Central Bank



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Reported on:
Thu, 2015-07-02 20:00