Myanmar Govt Plans 30,000 New Affordable Homes in Yangon

YANGON — The Myanmar government’s housing department is planning to build 30,000 new low-cost homes in townships on the outskirts of the country’s largest city, an official said Wednesday. Moe Thida, assistant director of the planning division at the Department of Human Settlement and Housing Development—part of the Ministry of Construction—said the department was putting […]

US Exim Bank Raises Hopes in Myanmar With Credit Offer

YANGON — Local businesses are hoping for more foreign investment in Myanmar, after the Export and Import Bank of the United States (Ex-Im Bank) began offering credit for trade with the country last week. US businesses are considering their options in Myanmar, after staying away for over a decade due to economic sanctions imposed on […]

Gun disease’ afflicts Myanmar’s gold miners

MANDALAY, Myanmar — In the gold mines of Sinktu and Thabait Kyin, in the Mandalay division of Myanmar, gold mining is famous. More than 30 gold mines are active here, but the scene doesn’t look much like wealth. Half-naked men with rusty pneumatic drills and homemade dynamite are lowered 500 feet on fraying ropes into […]