Myanmar Credit Bureau to commence operations in April

Myanmar will start the process of disbursing loans supported with credit assessments from the Myanmar Credit Bureau by April, Daw Than Than Swe, director general of the Financial Institutions Supervision Department under the Central Bank of Myanmar, said in Yangon on February 18. “The credit bureau will commence operations in late April,” she said. However, […]

Myanmar fintech secures additional capital for its Series A round

Yangon-based financing platform aimed at working class customers has added an undisclosed amount capital to its ongoing Series A funding round, according to DealStreetAsia. Daung Capital lets users apply for a credit to purchase products like motorcycles or electronics through its rent-to-own model. Its main market, it said, is the working class users. For salaried […]

Invitation for Bids for Supply of Solar PV System for National Electrification Project

Subscribe to our tender alert mailing list   Myanmar National Electrification Project Credit No. 5727-MM Contract Title: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities Reference No. S&I – 2 (12 lots) 1. The Government of Myanmar has received financing from the International Development Association (IDA) of the World Bank […]

Impact of Agricultural Investment in Myanmar

After years of international isolation, Myanmar is liberalizing its economy and seeking to attract growing levels of foreign investment. Agriculture currently plays a crucial role in the country’s economy and more than 60 percent of the population depend on agriculture for their livelihoods. The Government of Myanmar (GoM) has acknowledged the need to support smallholders […]

Agricultural Mechanization Department invites open tender for procurement of farm machinery and implements; Submitted Date: Dec 30th, 2015

Subscribe to our tender alert mailing list MINISTRY OF AGRICULTURE AND IRRIGATION DEVELOPMENT OF IRRIGATION AND LAND CONSOLIDATION SCHEMES IN MYANMAR UNDER THE LINE OF CREDIT FROM EXPORT-IMPORT BANK OF INDIA INVITATION FOR OPEN TENDER 1. Sealed bids are invited by Agricultural Mechanization Department (AMD), Ministry of Agriculture and Irrigation (MOAI), the Republic of the […]

World Bank’s US$100 million credit to Myanmar continues hydroelectric infrastructure development in Irrawaddy River Basin

Some of the 20 planned hydropower plants for Myanmar (formerly Burma), which is located in South East Asia, will be constructed within the Irrawaddy (Ayeyarwady in Burmese) River Basin, according to the Government of the Republic of the Union of Myanmar Ministry of Electric Power (MOEP). Myanmar has numerous hydroelectric projects in development, but last […]

Credit bureau coming

Credit rating is still on track to start during 2014, though delays in gathering data, particularly from small enterprises, are still being faced, industry sources said last week. The Central Bank’s department of financial institutions supervision, with technical support from a Singapore credit corporation, is preparing for the emergence of a credit bureau or rating […]

Myanmar in Talks to Get First Credit Rating

Myanmar is in early-stage talks to get its first credit rating, people familiar with the matter said, paving the way for an eventual debut global-bond sale by a nation still recovering from decades of crippling military rule. A rating would help ensure that foreign investors don’t see the Southeast Asian country as “a black box,” […]

India to provide $150 million to set up SEZ in Myanmar

New Delhi: India has offered USD 150 million of credit for project exports to set up a SEZ in Myanmar and has expressed hope that the neighbouring country would permit Indian banks to set up branches there. The issues came up for discussion during the three-day visit of Commerce and Industry Minister Anand Sharma to […]