Five projects near Shwedagon are suspended

Five large construction projects have been suspended by government authorities due to concerns over proximity to Shwedagon, according to local media. The Thu Kha Yadanar Co, Shwe Taung Hday Development, Dagon City 1 by Marga Landmark, Shwe Taung Development and Adventure Myanmar Tour and Incentives projects have all been put on hiatus while Yangon and […]

Myanmar announces figures of gold, forex reserves

The Central Bank of Myanmar announced that the country had 7.1539 tons of gold reserve and 8. 19 billion U.S. dollars worth of foreign exchange reserve as of the end of October 2013, the state media reported Wednesday. Daw Khin Saw Oo, vice governor of the bank, told the parliament that the 7.1539 tons of […]