Central Bank eyes electronic auctions

  The Central Bank is hoping to move its daily foreign exchange auctions to an electronic system before the end of the year, according to U Win Thaw, head of the bank’s Foreign Exchange Management Department. Myanmar’s private sector lenders bid to buy or offer to sell dollars in exchange for kyat at daily auctions. […]

Myanmar: teak prices at latest auctions

Analysts say the convenient location fot the sale of logs on the 29 September (Yangon area) played a big part in the better prices that were received. Observers report that only part of the stock of logs which could not be shipped before the log export ban were sold at the recent sale. A substantial […]

Transparency is a “must” while inviting tenders, presidential office says

The presidential office of Myanmar last month addressed the government organizations and departments shall follow the rules and regulations to have transparency when inviting tenders. Officials need to take responsibility of their work when they are giving permissions to business enterprises to invest in the related business fields. According to the constitution, the Presidential Office […]