National Electrification Project. Invitation for Bids to Supply Steel Parts & Accessories. Est Value of Contract USD 45 Mil. Closing Date 27 Oct 2017

Subscribe to our tender alert mailing list Date: 1st September, 2017 SPECIFIC PROCUREMENT NOTICE IDA Credit No. : 5727-MM Contract Title: Steel Parts and Accessories for National Electrification Project Reference No. : C1-G7 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project, […]

Invitation to Bid for National Electrification Project. Contract Valued at USD 17.5 Mil. Closing Date 22 Sep 2017

Subscribe to our tender alert mailing list Date: 8th August, 2017 SPECIFIC PROCUREMENT NOTICE IDA Credit No. : 5727-MM Contract Title: Insulators and Related Fittings for National Electrification Project Reference No. : C1-G5 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project, […]

Myanmar to Conduct Inland Ports Consultation

Subscribe to our tender alert mailing list As part of its plans to expand Myanmar’s economy, the government will open consultations on Saturday with regional authorities to initiate six new inland water port terminals, four on the Ayeyarwaddy River and two on the Chindwin River. The consultations are part of the implementation of Myanmar’s National […]

Mobile Money Flourishing in Myanmar

YANGON — For a population used to carrying wads of cash stuffed in pockets, purses and wallets, mobile money has the potential in Myanmar to dislodge paper as the main means to make payments and remittances. Mobile money is a fintech service that enables money to be deposited and withdrawn using apps downloaded to mobile phones. […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

Rakhine Farmers Caught Between Falling Prices and Rising Labour Costs

​​ Farmers associations in Rakhine State – one of the biggest rice producing regions in Myanmar – are calling for government aid amid falling prices, closing markets and a shrinking labour pool. But the state government says it does not have the funds or the expertise to help solve what it says is a nationwide […]

OCBC plans to up capital in 3 years

Opening its branch on Thursday, Singapore’s Oversea-Chinese Banking Corp (OCBC) sees the possibility that the branch’s capital would be raised within three years. On the first day of operations, over 10 accounts were opened. OCBC is the second to open a branch in the country, after the Bank of Tokyo-Mitsubishi UFJ which opened its door […]

Myanmar captures 9th rare white elephant

YANGON: Myanmar’s forestry department has captured a rare white elephant in the jungles of the country’s western Ayeyarwaddy region, an official said on Sunday. The 7-year-old female was captured on Friday, six weeks after it was initially spotted in a reserve in Pathein township, forestry official Tun Tun Oo said. It’s the ninth white elephant […]

Gov’t to Carry Out Maintenance Work on Two Major Rivers

Myanmar government will carry out maintenance work on two major rivers – Ayeyarwaddy and Chindwin – in the country, in a bid to improve the rivers’ navigation, the Ministry of Transport said. The government will spend K12 billion ($12.5 million) on removing sandbank and maintenance of riverbeds and waterways of the two rivers with preventive […]