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DICA chief promoted as investment ministry’s top civil servant

The government has appointed U Aung Naing Oo as permanent secretary of the recently-created Ministry of Investment and Foreign Economic Relations, the official gazette announced. As the top civil servant leading the ministry, he will support and advise the cabinet minister, career diplomat U Thaung Tun, on how to drum up foreign investments and build […]

Invitation for Bids, Republic of the Union of Myanmar, Ministry of Education (Deadline: 13 May, 2019)

Date: 27 March, 2019 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA 3472/EYE/NCB/Goods/CBMSC/Equip/01-03 Deadline for Submission of Bids: 13 May 2019   The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project (EYE) Project. Part […]

Invitation for Bids, the Republic of the Union of Myanmar, Ministry of Education (Deadline: 10 May 2019)

Date: 26 March 2019 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA 3473/EYE/NCB/Goods/CBMSC/Equip/01-01 Deadline for Submission of Bids: 10 May 2019   The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project (EYE) Project. Part […]

Request for Quotation (RFQ): Ministry of Hotels and Tourism (MOHT), Deadline 11 March 2019

G-9184-MYA: Economic Empowerment of the Poor &Women in E/W Economic Corridor Bamboo Equipment for Processing Facility in Chaungzone & Kyaikhto Township, Mom State. The above mentioned Project is being implemented by Ministry of Hotels and Tourism (MOHT) under a grant from Japan Fund for Poverty Reduction (JFPR) administered by Asian Development Bank (ADB). Part of […]

Myanmar aims urban planning for over 330 towns by 2030: Union Minister

Myanmar is aiming to have systematic urban planning for over 330 towns across the country by 2030, said Han Zaw, Union Minister for Construction on February 10. “The objectives of the ministry are to build 18 feet wide and 41,111 kilometers long concrete and tar roads to meet ASEAN standards, to build all concrete bridges […]

Long-term investment is the key, according to Ascent Capital founder

Myanmar is an emerging market and long-term play for investors seeking to come in. In the following interview, Mizzima talked with Mr Lim Chong Chong, Ascent Capital Partners Founder and Managing Partner about the launch of a Myanmar-focused private equity fund – Ascent Myanmar Growth Fund – and the prospect for the economy and investors. […]

Temasek and ADB back Myanmar investment fund

Private equity company Ascent Capital has launched Singapore’s first Myanmar-focused fund, with backing from high-profile investors including sovereign wealth fund Temasek and the Asian Development Bank. By CLARE HAMMOND | FRONTIER IN 2013, Mr Lim Chong Chong was sent on a mission to Myanmar. He was working for Singaporean wealth fund Temasek and, as he […]

Yoma Strategic taps Thai bond investors for new source of capital

Yoma Strategic Holdings is planning a bond offering to raise THB2.3 billion (US$70 million) in Thailand. The bonds have been given a triple A rating, according to a statement filed with the Singapore Exchange on Wednesday. The bonds, which will be guaranteed by the Asian Development Bank’s Credit Guarantee and Investment Facility (CGIF), will enable […]

Is Myanmar Ready to Become a Regional Trade and Supply Hub?

Japanese Prime Minister Shinzo Abe recently pledged to promote more than 150 quality infrastructure projects in five nations in the Mekong River subregion—Myanmar, Thailand, Vietnam, Cambodia and Laos—under a new blueprint, the Tokyo Strategy 2018 for Mekong-Japan Cooperation, which will be effective from 2019 to 2021. Japan and China are competing for influence in Southeast […]

Sembcorp starts commercial operation of 225-MW Myanmar power plant

SEMBCORP Industries on Wednesday announced that its 225-megawatt gas-fired Sembcorp Myingyan Independent Power Plant (IPP) in Mandalay, Myanmar, has successfully commenced full commercial operation following its first phase operation in May this year. The approximately US$300 million power plant uses advanced combined-cycle gas turbine technology that maximises power output while minimising emissions. With the successful […]