Myanmar’s First Govt Bond Auction Sells Less Than Half of $49m Offering

Yangon. Myanmar’s central bank sold less than half the 50 billion kyat ($48.83 million) worth of treasury bonds on offer in its first auction, which aimed to reform the fledgling economy and boost overstretched coffers, the bank said in a statement on Thursday. The sale of government debt at auction is the latest of a […]

Gov’t to Offer Up to $5k to Fish Breeders; Eyes the Elusive $700m from Exports

The government will offer loans of up to K5 million ($5,000) to breeders interested in entering the aquaculture industry in a bid to counteract the sliding domestic fishing industry and collapse in catch-sizes due to over fishing. The loan can now be used to offset prohibitive costs of brick or soil for fish tanks, which […]