Route of new Muse-Mandalay express railroad selected

The route has been finalised for the Muse-Mandalay high-speed railway line to be built by Myanmar and China, according to Myanma Railways. The project is part of Myanmar’s cooperation in the China-Myanmar Economic Corridor (CMEC). The railway will begin near Myitnge in Amarapura township in Mandalay, and will pass through 11 townships, said U Htay […]

Myanmar wants foreign investment to create jobs

As Myanmar’s economy has opened up, it has become far more attractive to foreign investors. The country attracted less than a billion dollars worth of foreign direct investment in 2010, but recent government figures suggest it could be five times that much in the current financial year. Our correspondent Jonah Fisher spoke to Aung Naing […]

World Bank unit links up with Yoma Bank

The International Finance Corporation, the World Bank’s private-sector investment arm, has agreed to provide Yoma Bank Ltd with a US$5 million convertible loan and help improve its risk management and corporate governance to support its growth strategy, the IFC said on September 16. It said its loan would help Yoma Bank expand lending to small […]

Uneven development stifling Myanmar

Anyone arriving today at Mingaladon Airport and driving toward the center of Yangon would find it hard to imagine that just a few years ago Myanmar was an isolated country – poor, underdeveloped and labeled by the US as an “outpost of tyranny.” At the start of the 21st century there were few cars on […]