IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project

The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region, operated by the Shwe Taung Conglomerate. The firm’s chairman, Aik Htun, had been alleged by US authorities to have had ties to the drug […]

Skirting Comedy Limits in Myanmar

MANDALAY, Myanmar — Emerging from behind a tawdry blue curtain in the garage of his three-story home here in Myanmar’s second-largest city, U Lu Maw made his way onto a makeshift stage to do what he does best: tell jokes. “I don’t trust the government,” Mr. Lu Maw, 66, bellowed into the microphone in English […]