The Myanmar's military today handed power to a nominally civilian government after almost 50 years in power, as the ruling junta was disbanded and a new president was appointed. Myanmar state television reported that the junta's State Peace and Development Council (SPDC) has been officially dissolved, the TV quoted an order signed by Senior General Than Shwe. U. Thein Sein has been sworn-in as President. Two Vice-Presidents – U Tin Aung Myint Oo and Dr. Sai Mauk Kham also took oath. The swearing-in ceremony took place today in the new capital Nay Pyi Taw in the presence of Union parliament members. Meanwhile, General Min Aung Hlaing was named as new Commander- in-Chief of Myanmar Defence Services. According to state radio and TV, President U Thein Sein named 30 cabinet ministers, including defence minister, home minister, border affairs minister and industrial development minister and foreign minister. Than Shwe, who has ruled since 1992, was referred to only as chairman of the SPDC in the report and has apparently been replaced as army chief.