The Myanmar government has reassigned U Soe Win as minister of planning, finance and industry, a new ministry merged from two ministries, according to an announcement of Myanmar President's Office issued on late Thursday.

Myanmar's parliament approved on Tuesday a motion to merge the Ministry of Planning and Finance, and Ministry of Industry into one new ministry, which was submitted by the president in order to speed up the government's transition works.

U Soe Win was previously minister of planning and finance and minister of industry before the merging of the two ministries.

The announcement also said two deputy ministers of the original Ministry of Planning and Finance U Maung Maung Win and U Set Aung, and one deputy minister of the original Ministry of Industry Dr. Min Ye Paing Hein were also reassigned as deputy ministers of the newly emerged ministry.

Source: China ASEAN Business Council