No budget to fix tangled power nests in Yangon; official says

FINANCIAL constraint is hampering efforts to replace decades-old service wires and fix tangled cable nests at locations across Yangon, said General Manager U Thant Zin of the Yangon Electricity Supply Corporation at a press conference in Nay Pyi Taw yesterday. The problem is finding funding to complete the work. If we had public funds to […]

Building banking depends on trust

More trust is needed to increase the banked population, which languishes at 5 percent of the adult population, according to experts. There are now 798 commercial bank branches in Myanmar – rising to well over 1000 if state-owned bank branches are included – and also 700 ATMs and 2813 point of sale devices as of […]