Budget for 2019-20 slashed by more than K400 billion

Parliament cuts budget by MMK 400 billion

Posted on

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

Read More

Earnings surge at Yangon power company

Posted on

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

Read More