WASHINGTON, Nov 1- The World Bank said on Thursday it had earmarked $245 million in credit lines and grants for Myanmar under an 18- month work plan that will focus on budget, regulatory and private sector reforms.
WASHINGTON-- The World Bank has approved $80 million in grant aid for Myanmar's rural poor and plans to lend it $165 million more in the coming 18 months. The Washington- based bank is re-engaging with Myanmar after a gap of two decades as its government undertakes economic and political reforms.
*Parliament approves bill after lengthy delay. *President seen signing it into law quickly. YANGON, Nov 1- Myanmar's parliament approved a foreign investment bill on Thursday and lawmakers expect it to be signed into law quickly by the president since his office had come up with wording that helped end a dispute over certain clauses.
LONDON- Britain threatened on Thursday to veto any deal on the European Union budget that is not good for the British taxpayer, a day after a humiliating defeat in parliament undermined Prime Minister David Cameron's authority.
NEW YORK- Millions of people were left reeling in the aftermath of monster storm Sandy on Tuesday as New York City and a wide swathe of the eastern United States struggled with epic flooding and massive power outages.
NEW YORK- Millions of people across the eastern United States awoke on Tuesday to scenes of destruction wrought by monster storm Sandy, which knocked out power to huge swathes of the nation's most densely populated region, swamped New York's subway system and submerged streets in Manhattan's financial district.
WASHINGTON- With one week left in the tight battle for the White House, it's all about the vital swing state of Ohio. Unless it's about Colorado- or Iowa, or tiny New Hampshire.
NEW YORK- Hurricane Sandy, which could become the largest storm ever to hit the United States, is set to bring much of the East Coast, including New York and Washington, to a virtual standstill in the next few days with battering winds, flooding and the risk of widespread power outages.
Kan Trakulhoon, President & CEO at Siam Cement Group talks about the company's ambitious M&A plans.
NASSAU- Hurricane Sandy pounded the Bahamas with battering winds and rain on Friday, sweeping over the island chain after killing 21 people across the Caribbean and posing a menacing threat to the U.S. East Coast.
Andrew Rickards, CEO, Yoma Strategic Holdings says that there's a lot of scope to invest in Myanmar as the country makes its investment rules clearer.
TOKYO-- A philanthropic organization working with the Japanese government will give $3 million in humanitarian aid to Myanmar's armed ethnic minorities, saying it's the first such aid approved by Myanmar's government.
Douglas Clayton, Managing Partner, Leopard Capital, explains why frontier markets could be the best place to hide as global economic volatility continues.
TOKYO-- Sacrificing growth for the sake of austerity could put the entire world economy in jeopardy, the head of the International Monetary Fund told global financial leaders Friday, calling for medium-term work to bring down debt levels and urgent action to get the unemployed back to work.
Japan's finance minister Koriki Jojima told finance chiefs and central bank governors of the Group of Seven industrialized nations on Thursday that Japan will extend new Japanese yen loans and as earlier agreed with Myanmar will move ahead next year with clearing its sizable outstanding debt to Tokyo.
YANGON, Oct 11- Holy water is sprinkled over a new Honda sub-compact festooned with flowers and red ribbons. The Honda's owner, Nyein Chang Aung, hopes the blessing will protect him from accidents in a country with some of the world's most treacherous roads. As Myanmar opens up, its antiquated transportation system is undergoing dramatic change.
WASHINGTON-- President Barack Obama is lifting the U.S. restriction on international financial institutions like the World Bank lending to Myanmar to reward its progress toward democracy. Late last month, Congress passed legislation allowing the president to end the automatic U.S. block on lending by institutions also including Asian Development Bank.
The Silk Road Yangon Property Index, which measures the average price per square foot of residential property in Yangon, the commercial capital, rose 39 percent in the first nine months of the year.
TOKYO, Oct 9- The Asian Development Bank is crafting a preliminary aid plan for Myanmar, which will be extended on condition that the country solves its debt problem, the bank's president Haruhiko Kuroda said on Tuesday.
TOKYO, Oct 9- Suzuki Motor Corp is considering investing several billion yen to build a car assembly plant in Myanmar by 2015, eyeing a growing market there, the Asahi newspaper said on Tuesday. The Japanese carmaker hopes to build a plant with annual capacity of 20,000 to 30,000 cars in a planned industrial complex at Thilawa, close to Yangon, the Asahi said.