U Aung Thaung, Burmese Politician Accused of Abuses, Dies at 74

YANGON, Myanmar — U Aung Thaung, a senior Burmese politician who was implicated in violence against dissidents and accused of personal corruption, died on Thursday in Singapore. He was 74. His death, in a hospital, was caused by complications of a stroke, said U Win Tin, an official in his party and the editor of […]

IGE’s power project to face further delays

A hydropower station first conceived in 2003 will require a further four years of work, costing an estimated K230 billion more, parliament heard on May 18. Deputy Minister for Electrical Power U Aung Than Oo told Amyotha Hluttaw that the Thahtay hydropower project on Thahtay Creek, 20 kilometres (12 miles) northeast of Thandwe in Rakhine […]

Ghosts of 2003 crisis haunt banks

Banks need to clean up their operations and subject their boards of directors, as well as their families, to intense scrutiny if they want to earn the trust of consumers, industry experts said last week. The most recent incident – which followed a familiar pattern where panicked customers attempted to withdraw all their savings from […]