The Union Parliament approved a USD 483.8 million loan from the Asian Development Bank last week to construct a highway that will eventually connect Yangon with the east coast of Vietnam. The financing will help build the Bago-Kyaik Hto Expressway, a
By the end of the 2018-2019 fiscal year, Myanmar’s local and foreign debt was MMK40.8 trillion (roughly USD 30 billion), according to Myanmar’s annual debt report released last week. Speaking to parliament, U Maung Maung Win, deputy minis
As the COVID-19 pandemic takes its toll on employment numbers, the government will soon give cash assistance to each of Myanmar’s families. President’s office spokesperson U Zaw Htay announced that, once the measure is ratified, 5.4 milli
The Myanmar government is weighing a potential loan of USD 185 from the Asian Development Bank (ADB). The loan is aimed to be used for wide-ranging rural development initiatives. U Hla Kyaw, deputy minister for the Ministry of Agriculture, Livestock