Ponzi Scheme Takes Millions From Rural Myanmar

In the wake of My­anmar’s most wide­spread and finan­cially devastating ‘Ponzi scheme,’ millions of dollars have been lost, thousands of people de­frauded, and a myriad of ministries left pointing fingers. In December 2016, Sax­on Capital Limited (SCL) began selling shares to residents of Pyay, Bago, Mawlamyine, and other townships promising an 80 percent return on […]

ABB & Pact To Bring Solar Power To Rural Myanmar

A project engaging women to run solar battery charging stations could help provide reliable electricity to rural villages in Myanmar. The power and automation technology group ABB will partner with Pact Myanmar to bring electricity in the form of solar power to approximately 3,500 individuals from villages in rural areas of Mandalay, Central Myanmar. With […]