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Metal Ore Tender No.1/2017. Closing Date 5 July 2017

Subscribe to our tender alert mailing list (1) Ministry of Natural Resources and Environmental Conservation, No.(1) Mining Enterprise Invites to submit the tender quotation open tender in the United State Dollars. (a) Cathode Copper 1 Lot (400) M/T and Cathode Copper 3 Lot (1200)M/T Monywa, Mine Site (b) Lead Ore and other mixed (6555) Kg […]

KBZ to provide 24-hour service for trade-related payments via MPU

Kanbawza Bank has prepared to offer its around-the-clock service for trade-related payments through Myanmar Payment Union-MPU system, said U Aung Kyaw Myo, Deputy CEO of the KBZ Bank. The announcement for the payment system change came at the workshop on trade transaction payments with Myanmar Payment Union (MPU) system and expanding the fully online licensing […]

Effort to get tax exemption to export garment

Local garment factories are attempting to export their own branded garments, according to the Myanmar Garment Entrepreneurs Association. Currently, local garment factories export their products with the Cut-Make-Pack (CMP) system. “We are unable to export our products with the Free-On-Board (FOB) system. Currently, we are trying to get tax exemption for the FOB system. “We […]

Thilawa SEZ attains over US$120million FDI in two months

Over US$122million of foreign direct investments flowed into Thilawa Special Economic Zone (SEZ) so far in the current Fiscal Year 2017-2018, under previously permitted investments by Myanmar Investment Commission increasing. The investors from 16 foreign countries put investments into Thilawa.Last Fiscal Year 2016-2017 saw FDI of US$262.588million. Thilawa received FDI of nearly US$ 980million, including […]

Yangon takes legal action against nearly 30,000 vehicles

The Yangon region government took legal action against nearly 30,000 vehicles which are parked on public roads for long periods, it is learnt. As the number of cars in Yangon increased and parking became scarce, there were many quarrels over parking. Some companies and shops are taking up many of the parking spots on public […]

‘Myanmar Banker Leadership Program’ launched

Siam Commercial Bank (SCB), in collaboration with Myanmar Banks Association and Thammasat University, launches SCB Bankers Academy “Myanmar Banker Leadership Program”, the first program exclusively developed for Myanmar banking executives, according to a press release. To foster talent in the banking industry, the program is specially tailored for Myanmar banking executives to build skills and […]

Faster, easier loans for Mandalay SMEs

The chair from Loan Implementation sub-committee, U Maung Maung Win, who is also the deputy minister for planning and finance, headed the meeting. It was held on Sunday at the Mandalay Regional Chamber of Commerce (MRCCI) premises. U Maung Maung Win said a working committee will ensure that a separate loan facility will be set […]

Local Entrepreneurs Take Part in Myanmar’s ‘Largest Ever’ StartUp Competition

More than 23 teams from a pool of 100 local entrepreneurs have par­ticipated in the country’s largest ever startup com­petition StartUp Chal­lenge 2017, organised by Yangon-based innovation lab Phandeeyar. Over the 9-day com­petition teams had to learn the “lean-startup” methodology of creating a tech business in one of four categories – Fintech (financial technology), AgTech […]

Mango Growers Call for More Education on Quality Control in a Bid to Crack International Markets

As potential foreign mango buyers de­scend on Myan­mar to check out the local produce amid a seasonal surge in demand, local growers say more educa­tion on quality control is needed if Myanmar man­goes are to gain a foothold in international markets like Europe. “Foreign delegations are coming to Myanmar to test the quality of My­anmar […]