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Paying for power stability
Asia focus, Larry Jagan, Published on 08/07/2019
» The government of Myanmar has substantially increased electricity prices with immediate effect as it seeks to reduce its deficit -- electricity subsidies alone cost US$500 million a year -- and finance new power projects to end chronic blackouts.
Painful correction
Asia focus, Larry Jagan, Published on 08/10/2018
» Myanmar's currency crisis seems to have eased in recent days as a result of government actions, and to the relief of some market observers who feared an Argentina-style meltdown was in the making.