Infrastructure International Relations Lead Story News Travel & Tourism
The Asian Development Bank says a US$1.5 billion loan to Bangladesh to build a railway line will bring trade and tourism to the country’s south and improve access to Burma.
The Asian Development Bank says it will lend US$350 million to Burma next year, more than doubling the amount for this year, as the country begins to focus on major infrastructure projects.
Burma is one of 20 countries whose military expenditure is more than four percent of its GDP, according to a Swedish think tank.
Business Weekly Economy Labour Issues Lead Story News
ADB predicts 8.3% growth in Burma for 2015; Burma energy drink firm signs Liverpool FC; Chevron inks oil deal; and problems for the shrimp industry.
Analysis Contributor Lead Story News
For those keen to participate in Burma’s uneven process of opening up, uncomfortable compromises have had to be made on all sides. Slow and steady no longer wins the race, says DVB contributor David Baulk.
Business Business Weekly Lead Story News
BUSINESS in BURMA THIS WEEK: Ooredoo defends against boycott; Rangoon to get more freight ports, jetties; ADB supports renewable energy in Burma; US govt fines Fokker for breaking sanctions rules.
The IFC will buy a stake in Rangoon’s state run power supplier the Yangon Electricity Supply Board in order to transform the ailing office into a “commercially viable corporate entity”.
With Japanese funding, the Asian Development Bank says it aims to provide significantly better HIV/AIDS services in remote parts of eastern Burma by 2017.
The 40-year loan – at a fixed 0.75 percent interest rate – would be used to develop the communications sector and to improve schools.
