Support arrives for Myanmar’s traditional textile sector

Three international organisations will invest more than US$ 750,000 in Myanmar’s textile industry over the next two years. This will involve Myanmar Artisans, a social enterprise, Turquoise Mountain, a non-government international organisation and DaNa Facility, which is under the UK Department for International Development, DaNa Facility announced on October 10. “The variety of hand-woven arts […]

World Bank signals $2b injection

The World Bank plans to invest US$2 billion on projects called ‘multi-year programs’ that to improve access to energy and health care for poor people and support other key development priorities, World Bank president Jim Yong Kim announced on January 26 during his visit to Yangon. “Our $2b multi-year program will support the government’s plans […]

Tycoon’s Plans for Putao Come under Scrutiny

MYITKYINA, Kachin State — Surrounded by Myanmar’s highest, snow-capped mountains, the remote and rugged Putao Valley in northern Kachin State is a place of stunning beauty and pristine mountain landscapes. This wilderness amid the Himalayan foothills is home to unique wildlife and vast forests, endangered Himalayan Yew trees and rare orchids, and even a small […]