Day: August 20, 2019

Myanmar foreign loans rise to US$10.2B in last fiscal year

Myanmar foreign loans rise to US$10.2B in last fiscal year

Myanmar has accumulated US$10.2 billion in debt owed to more than 20 countries and multilateral organisations, the Joint Public Accounts Committee of the Pyidaungsu Hluttaw noted in a report on the Union budget for the 2017-18 fiscal year. The Ministries of Home Affairs; Agriculture, Livestock and Irrigation; Transport and Communication; Electricity and Energy and; Industry […]

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Gote Twin Bridge likely to open today

Gote Twin Bridge likely to open today

A temporary Bailey bridge to replace the Gote Twin Bridge, which was blown up by armed groups on 15 August, is expected to be commissioned into service on 20 August. After a load test, trucks and vans weighing less than 36 tons will be allowed on the bridge from 20 August, according to the Ministry of Construction. Deputy Minister U Kyaw Linn inspected the construction of the […]

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