Government allocates funds for U Bein Bridge repairs

The Union government has stumped up almost US$200,000 for urgent repairs to Mandalay’s U Bein Bridge, a popular tourist attraction that some have warned is in danger of collapse. The Mandalay Region government will use the K227 million ($199,500) in funding to undertake major repairs at the teak bridge, according to Minister for Finance U […]

Myanmar committee to look into establishing capital market

A committee to look into establishing a capital market in Myanmar will be set up this year according to officials from the Ministry of Finance. Myanmar has recently opened up its economy to foreign investment as the country began a transition from military dictatorship to civilian government in 2011. It is now seeking to establish […]