A Winning Formula at Yangon’s The Lab

YANGON — In a small, dimly lit room with exposed terracotta brickwork, a crush of well-heeled people squeeze around high wooden tables, talking animatedly and sipping cocktails late into the evening. This could be any chic bar in any hip neighborhood across the world—say London, New York or Madrid. But this is Myanmar, and this […]

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 […]