Invitation for Bids, IWUMD invites for the Rehabilitation of the Chaung Magyi Irrigation System, submission date: 7 August 2018.

Date 22 June 2018 Loan No and Title 3477-MYA; Irrigated Agriculture Inclusive Development Project (IAIDP) Contract No and Title IAIDP/Package 01; Rehabilitation of the Chaung Magyi Irrigation System Death Line for Submission of Bids 7 August 2018 / 10:00 AM ( Myanmar Standard Time) 1. The Republic of the Union of Myanmar has received financing […]

Ministry of Education, Invitation for Bids, Submission Dateline 26 June 2018.

Date: 25 May 2018 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA3472/EYE/NCB/Goods/ CBMSC/Furniture/02 Deadline for Submission of Bids: 26 June 2018 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project (EYE). Part of […]

Myanmar’s Yoma to debut in baht

SINGAPORE, May 14 (IFR) – Yoma Strategic Holdings is poised to become the first company from Myanmar to sell bonds with a baht-denominated offering that underlines Thailand’s appeal as a regional funding hub. “Yoma will be the first Myanmar entity to tap the Thai bond market, and they will come before the sovereign, which is […]

Ministry of Education, Invitation for Bids to Supply Furniture, Closing Date: 15 June 2018.

  Date: 16 May 2018 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA 3472/EYE/NCB/Goods/ CBMSC/ Dorms-Furniture/01 Deadline for Submission of Bids: 15 June 2018 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project […]

ADB not worried about impact of technology on Myanmar jobs

Despite widespread automation of manual work functions, Myanmar jobs are not under “huge” threat by advancements in technology, economists at the Asian Development Bank (ADB) told the media during the organisation’s annual general meeting (AGM) in Manila on May 4. However, the government needs to monitor the impact of changing technologies on local jobs. Meanwhile, […]

CB Bank successfully adapting to meet the needs of a new generation

Economic liberalisation came relatively late to Myanmar, but the country has been working hard to make up for its slow start. Following a military coup in 1962, the country was governed by an oppressive dictatorship and subsequently experienced the ignominy of being rated one of the least developed and most corrupt nations in the world. […]

Myanmar’s electricity goals depend on ODA

With 5.5 percent annual growth of gross domestic product, Myanmar was one of the fastest growing countries in ASEAN during 2011-2015. The growth of Myanmar’s economy is heavily influenced by the government’s focus on promoting special economic zones among investors.Subject to the implementation of this focus, infrastructure development in energy is vitally important to make […]

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]

Myanmar insurance industry poised for reform, awaits liberalisation

Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]