Korea Eximbank Finances US$183 Million Myanmar Construction Project

The Export-Import Bank of Korea (Korea Eximbank) announced on Nov. 17 that it will extend US$183 million (214.57 billion won) in Economic Development Cooperation Fund (ECDF) loans to the “Korea-Myanmar Friendship Bridge Project and Myanma Railways Modernization Project” led by the Myanmar government. The EDCF is a bilateral official development assistance (ODA) loan program, which […]

Dala landowners hold out for bridge compensation

The government has already signed an agreement to pay 60 owners K130 million each in compensation for their land, residents said. U Tin Hlaing, chair of the Dala Township Development Committee, said yesterday, “We calculate compensation at a rate of K130 million for a 60-by-40-foot plot. Sixty residents have agreed to move, and eight have […]

Myanmar’s Analog Government Goes Digital

Yangon — Myanmar’s government is hoping to take a technological leap forward soon, by putting ministries online and in touch with the country’s increasingly Internet-savvy public. Some government ministries are going online for the first time this week. Myanmar’s government still processes its business the same way it has for decades: with massive bound ledgers […]