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Police Fraud Exposed by Myanmar Auditor-General

Mandalay – Myanmar’s Office of the Auditor-General has said that four police brigades, which are under the jurisdiction of the military-controlled Ministry of Home Affairs, misused more than 600 million kyats (about US$400,000) from April to September 2018. The financial report from April to September 2018 was submitted to the Union Parliament on Tuesday by […]

Yangon Region Auditor General warns about possible losses on projects

Yangon Region government has invested Ks-134 billion—Ks-54 billion in Yangon Metropolitan Development Public Co., Ltd (YMD), Ks-10 billion in New Yangon Development Corporation and Ks-70 billion in the YBPC (Yangon Bus Public Company) and the Yangon Urban Public Transportation Public Co., Ltd (YUPT), according to the audit report by Yangon Region Auditor General. According to […]

A 500 billion political land mine and Myanmar’s gaping budget

Growth retardation of the agricultural sector connects too many aspects of economy issues such as lack of investment, lack of industrialization, obstacles in producing and distribution of goods, high unemployment rates, etc. It is a high priority economic policy that the new government must endeavor to implement as the development of the agricultural sector directly […]

No winner for Thanlyin Oil Refinery

Subscribe to our tender alert mailing list The Ministry of Energy will call another tender to refurbish the Thanlyin oil refinery, after the previous candidates have fallen short. In January, it was announced that two firms – Thailand’s PTT and Singapore’s Puma Energy – had been shortlisted, after about 20 international and local companies had […]