Government to link Dawei to Mawlamyine station

Myanmar will invest in building the necessary infrastructure needed to link Dawei in Tanintharyi Region to a power station in Mawlamyine in Mon State, enabling Dawei to gain access to electricity, said Dr Tun Naing, deputy minister at Ministry of Electricity and Energy (MOEE). This will involve a 60-mile, 66 kilovolt power transmission line linking […]

ADB Partners with Yoma Bank to Support SMEs in Myanmar

The FINANCIAL — The Asian Development Bank’s (ADB) Trade Finance Program (TFP) and Yoma Bank on January 26 signed an agreement to provide guarantees of at least $10 million annually to support trade, especially for small and medium-sized enterprises (SMEs), in Myanmar. “We are excited to welcome Yoma Bank as the newest TFP partner,” said […]

YSH’s real estate head upbeat on their Yangon landmark project

Cyrus Pun, Executive Director of Yoma Strategic Holdings Ltd, says the Yoma Central is considered one of the largest foreign direct investments in Myanmar’s real estate sector with an investment of more than US$700 million. In a recent interview with Mizzima, Mr Cyrus Pun said the landmark project is important for the real estate sector […]

Clean water for Dala

A project focusing on developing access to clean water has been implemented in seven locations of Dala township, located across Yangon’s river from downtown Yangon, which remains underdeveloped. The project is carried out between Yangon city development committee and the Asian Development Bank (ADB). It is expected to be completed by mid-2018, said Dr Aung […]

Parents in the dark regarding basic education reforms

To meet international standards, the new curriculum – focusing on requisites for the 21st century – was drawn up by local and foreign experts Over the past five academic years, a noticeable change in Myanmar’s education sector – which was gradually undergoing transformation since 2010 – was the reformation of its basic education curricula. Commencing […]

New Companies Law Submitted to Parliament

NAYPYITAW — The Myanmar government submitted a draft of the new Myanmar Companies Law to the Upper House on Thursday. The draft law combines elements of the Myanmar Companies Act of 1914 and the Special Companies Act of 1950, reworked in hopes of attracting foreign investment, said Deputy Minister for Planning and Finance U Maung […]

Our leaders should ask for more financial support: Dr Thaung Han

Dr, Thaung Han told The Myanmar Times in an interview that Myanmar’s leaders should be bolder in asking for loans and financial assistance from international financial institutions. Dr Thaung Han is an adviser of Max Myanmar Holding Co. Max Myanmar operates vehicles and heavy machinery trading and is involved in a wide range of sectors, […]

Invitation for Bids (IFB) for Construction of Workshops, Dormitories and Open Sheds. Closing Date 28 June 2017

Subscribe to our tender alert mailing list Date 15 May 2017 Loan/ Grant No. and Title: MYA 3472 —Equipping Youth for Employment Sector Development Project Contract/s No. and Title: EYE/C /ICB/CBMSCWS-Dorms/01 Deadline for Submission of Bids: 28 June 2017, 1500 hrs 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) […]

ADB to Provide Loan for Rangoon Power Upgrade

Manila-based Asian Development Bank (ADB) said in a statement on Tuesday that it would provide a US$80 million loan to “upgrade [Rangoon’s] electricity transmission ring line system,” a project forecast to benefit more than one million customers. This is a welcome announcement for many residents in heavily populated Rangoon, where more than half of Burma’s […]

ADB to Loan $100 Million to Upgrade Road in Kayin on GMS Corridor Route

The Asian Development Bank (ADB) has approved a $100 million loan to improve a 66.4 kilometre section of road connecting the towns of Eindu and Kawkareik in Kayin state, dubbed as the missing link of the Greater Mekong Subregion (GMS) East-West Corridor. The Manila-based lender said the project will improve the existing two-lane road in […]