Yangon, May 2 (AFP) Thiri’s heart started pounding and her whole body shook after she swallowed the final dose of pills that would end her unwanted pregnancy in a Yangon hotel. Her boyfriend had abandoned her after finding out she was pregnant — a familiar story in Myanmar, where many consider women “ruined” if they […]
World Bank to Loan $100 Million to Myanmar Financial Development Project
April 29, 2017 by
WORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich Zachau, country director, Southeast Asia, East Asia and Pacific […]
US-based Ball Corp to invest in Thilawa SEZ
June 9, 2014 by
Ball Corp, the American beverage cans manufacturer, will invest US$40 million to build its plant at Thilawa special economic zone, according to the company’s announcement on Friday in Yangon. “We are a leading manufacturer of steel and aluminium cans,” said a company official. The company signed a lease to set up its business in the […]
World Bank gives $31.5m for telecoms
February 11, 2014 by
The World Bank will provide a US$31.5 million credit toward reforming Myanmar’s telecommunications sector by expanding access and making usage more affordable, it announced on February 6. According to a press release, the project will enable a competitive telecoms sector through regulatory reforms to be made in the development of the information, communication and technology […]
Big Year for Myanmar Economic Reforms
January 29, 2014 by
: Myanmar’s parliament reconvened on January 13 with some 30 crucial proposed bills on the table, among them the establishment of a special economic zone law, mining regulations and the revamping of the foreign investment law. One thing was abundantly clear, 2014 is going to be a busy year. The stage for continued economic reform […]
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