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 ...
Government Eases Trade Restrictions
RANGOON — Burma’s government has announced a plan to ease trade restrictions on joint ventures between local business people and foreign investors, U Yan Naing Tun, director general of the Ministry of Commerce, told The Irrawaddy.Keep reading ...
World Bank expects ‘stable’ economic growth for Myanmar, region
Growth in developing East Asia and Pacific, including Myanmar, is expected to remain resilient over the next three years, according to a new World Bank report out on October 4. Keep reading ...
