News

World Bank to loan $100 million to Myanmar Financial Development Project

WORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April.Keep reading ...

K722 million to fund two state-owned electric power firms

According to the 2017 Union Budget Law, K722 million has been allocated for Yangon and Mandalay electricity corporations – K529 million will go to the Yangon Electricity Supply Corporation (YESC) and Mandalay Electricity Supply Corporation (MESC) will receive the rest, K243 million. Both are state-owned ...

New economic zones planned

The Ministry of Planning and Finance is carrying out plans for new economic zones and special economic zones as the quality of existing industrial zones is mediocre and upgrading them is difficult, state media reported on 20 March.Keep reading  ...

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