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Next finance minister expected to rescue confidence, speed up bank reforms

The government has to find someone who can pick up the baton swiftly and restore confidence to an increasingly frustrated business community since U Kyaw Win has resigned as planning and finance minister. With economic reforms slowing and plummeting of investor confidence, the next office-holder needs to communicate the reform blueprint to the private sector, […]

Yoma Strategic’s Myanmar project nets funding from International Finance Corp

THE World Bank Group’s International Finance Corporation (IFC) is taking a stake in a Yoma Strategic Holdings project to power rural communities, the mainboard-listed Yoma Strategic said on Tuesday. The IFC is set to hold a 30 per cent interest in Yoma Micro Power, a joint-venture company that builds, owns and runs solar- and diesel-powered […]