Poll Finds Civil Service Retirees Prefer to Settle Down in Yangon

Most of Myanmar’s civil servants want to retire in Yangon, the country’s economic capital, according to a government survey. U Kyaw Lin, deputy minister of Construction, told the Amyotha Hluttaw (Upper House) on Monday that his ministry and the Ministry of Planning and Finance conducted the survey of civil servants who were due to retire […]

Korea Eximbank Finances US$183 Million Myanmar Construction Project

The Export-Import Bank of Korea (Korea Eximbank) announced on Nov. 17 that it will extend US$183 million (214.57 billion won) in Economic Development Cooperation Fund (ECDF) loans to the “Korea-Myanmar Friendship Bridge Project and Myanma Railways Modernization Project” led by the Myanmar government. The EDCF is a bilateral official development assistance (ODA) loan program, which […]