Budget for 2019-20 slashed by more than K400 billion

Parliament cuts budget by MMK 400 billion

The Myanmar parliament has cut the government budget by more than MMK 400 billion for the 2019-2020 fiscal year. Lawmakers cited shifting policies and reducing excess spending as reasons for the reduction. The reduction leads to a budget of roughly M

Earnings surge at Yangon power company

The Yangon Electricity Supply Corporation (YESC) reported MMK 91 billion in revenue for the month of July. This is a 65 percent jump from the previous month. The surging numbers are due to a spike in electricity prices instituted by the Ministry of E