Depreciation of Myanmar kyat in 2014-15 Due to Surging US Dollar

A strong US dollar and the trade deficit resulted in the depreciation of the kyat by 12.7 per cent, Deputy Governor Daw Khin Saw Oo of the Central Bank of Myanmar was quoted as saying at Pyidaungsu Hluttaw Session yesterday. She was submitting the report on implementation of fiscal policies and measures for financial stability […]

GE’s advanced tech to extend electricity access in Myanmar

GE technology will shortly be helping Myanmar expand its electricity outreach in Myanmar. In 2014, 70 percent of Myanmar’s households lacked access to electricity. The Myanmar National Electrification Plan aims to electrify 100% of Myanmar’s households by 2030. In support of this, Sembcorp Utilities has ordered two high-efficiency 6F.03 gas turbines from the company GE […]