Budget deficit expected to hit K7 trillion in next fiscal year

Next year’s budget deficit is expected to be K7 trillion (US$4.5 billion) as the government plans to spend more in an effort to fulfil more of the public’s urgent needs, said President Win Myint. He made the comment at a National Planning Commission meeting and Finance Commission meeting for fiscal 2019-20 in Nay Pyi Taw […]

PM Modi to Indian diaspora in Myanmar: ‘We aren’t merely reforming India, but transforming India’

Prime Minister Narendra Modi, who is on a three-day bilateral visit to Myanmar, justified decisions like demonetisation and Goods and Services Tax (GST) terming them as ‘tough’ while addressing the Indian diaspora in Yangon on Wednesday. “We never shy away from taking big and tough actions for the benefit of India because we consider the […]

Yongnam, Changi Airport consortium is a step closer to Myanmar airport deal

A consortium comprising JGC Corporation, Yongnam Holdings and Changi Airports International has sealed a framework deal with Myanmar’s Department of Civil Aviation (DCA) to build and manage a new international airport in Yangon, Myanmar. The signing of the agreement marks an important step towards the eventual inking of the Hanthawaddy International Airport concession agreement, the […]