Myanmar Development Institute (MDI) officially launched

Myanmar Development Institute (MDI) was officially launched, with a workshop to announce its master plan at Nay Pyi Taw recently, according to Korea International Cooperation Agency-KOICA. In collaboration with Korea Development Institute (KDI), KOICA is implementing the one of the flagship projects named ‘Establishment of MDI’ from 2014 to 2019 with 20 million USD. MDI […]

Myanmar to reduce red tape for business, says presidential advisor

Myanmar will endeavour to improve its rating in the World Bank’s ‘Doing Business Report’, presidential advisor on economic affairs Dr Zaw Oo said in Yangon on July 27. The government will try to identify and remove red tape that that creates obstacles to doing business, Dr Zaw Oo told a news conference at the Union […]

Myanmar’s Foreign Debt Now $5 Billion

Myanmar has over $5 billion in outstatnding foreign debt to the World Bank, Asian Development Bank and Paris Club members, a top officials said. When President U Thein Sein’s government took office in 2011 the debt amount was $11 billion, Dr Zaw Oo, economic advisor to the president, said. Of the $5 billion, $4 billion […]