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Low revenue collection takes huge toll on mega development projects
March 28, 2023 08:05 am
KATHMANDU, March 28: Amid pressure of scanty financial resources as a result of low revenue collection, the government has cut down heavily the budget allocated for development projects, while transferring allocated budget to running projects and to meet recurrent liabilities.
Exclusive: U.S. blocked Myanmar junta attempt to empty $1 billion New York Fed account: Sources
March 5, 2021 07:42 am
WASHINGTON, March 5: Myanmar’s military rulers attempted to move about $1 billion held at the Federal Reserve Bank of New York days after seizing power on Feb. 1, prompting U.S. officials to put a freeze on the funds, according to three people familiar with the matter, including one U.S. government official.
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