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.
Several banks in Burma are having trouble with their electronic banking services due to poor network connections and frequent power cuts.
A Chinese company delivered 19 dredgers to Burma on Saturday to help improve the country’s waterways.
Burma is due to host the ASEAN Para Games for the first time this December but athletes say the training facilities are substandard and lack proper equipment.
Due to a chronic shortage of midwives in Burma, expectant mothers are being put at risk from complications during pregnancy and birth.
Norwegian company Telenor and Qatari-based company Ooreedo have been awarded highly anticipated telecommunications licenses in Burma. Both companies say they will invest billions of dollars to roll out mobile phone,[…]