Students in Myanmar, Laos to get Australian aid

MELBOURNE: School students in Myanmar and Laos will be getting financial aid from the Australian government. Foreign Minister Julie Bishop announced the aid packages while in the two countries over the past week, a government statement said. Australia will give Laos A$86 million over four years to help about 450,000 children learn to read, write […]

Salt industry to collapse, experts fear

Myanmar’s once-booming salt industry, destroyed by Cyclone Nargis, will be completely wiped out within a couple of years unless it receives financial aid from the government, industry experts warn. The storm, which killed an estimated 138,000 people and caused billions of dollars’ worth of damage to the economy when it struck in May 2008, also […]

IFC to help improve Yangon electricity supply

The Ministry of Electrical Power and the International Finance Corporation (IFC) signed an agreement to improve Yangon’s electricity supply on February 26. The IFC aims to help to transform Yangon Electricity Supply Board (YESB) into a corporation within three years. “The IFC will provide financial aid in addition to technical before fully transform it into […]