Chin State’s small and medium businesses (SMEs) will be eligible for up to K8.4 billion worth of small loans which the government plans to make available later this financial year, a union minister has said. The funds are the remainder of a K50 billion Japanese loan granted to the government for the development of local […]
Myawaddy industrial zone set for 2017 opening
October 2, 2015 by
An industrial zone under development in Kayin State is expected to open in fiscal year 2017, according to officials. The Myawaddy industrial zone is being built on a 201-acre site between Myawaddy and Thingan Nyi Naung, just 7 miles (11 kilometres) from the Thai-Myanmar border. “The state government hasn’t set a time limit on the […]
IGE’s power project to face further delays
May 25, 2015 by
A hydropower station first conceived in 2003 will require a further four years of work, costing an estimated K230 billion more, parliament heard on May 18. Deputy Minister for Electrical Power U Aung Than Oo told Amyotha Hluttaw that the Thahtay hydropower project on Thahtay Creek, 20 kilometres (12 miles) northeast of Thandwe in Rakhine […]
