World Bank signals $2b injection

The World Bank plans to invest US$2 billion on projects called ‘multi-year programs’ that to improve access to energy and health care for poor people and support other key development priorities, World Bank president Jim Yong Kim announced on January 26 during his visit to Yangon. “Our $2b multi-year program will support the government’s plans […]

Construction permits available online by 2014

YANGON — Land developers in Yangon will soon be able to apply online for construction permits as of early 2014, according to the Yangon City Development Committee (YCDC). Speaking at a workshop for One Stop Services and e-Government, Maung Maung Zaw, the head of the YCDC building department, explained their plan to take services online. […]

My Business: Running a newspaper in Myanmar

What makes an entrepreneur? The BBC’s Ko Ko Aung spoke to Thaung Su Nyein about his experience running a media business in an environment where access to information has historically been restricted. When Thaung Su Nyein started media company Information Matrix in 2002, he only had initial capital of $5,000 (£3,200; 3,800 euros) pulled together […]

Foreign banks get gradual access to market

Though foreign banks are hoping to enter the banking market in Myanmar as quickly as possible, more regulation and infrastructure – and a number of intermediary arrangements – are needed before that can happen, officials told an international banking and finance conference in Yangon on July 16. Daw Naw Eh Hpaw, deputy director general of […]