Myanmar Investment Commission to delegate power to state authorities

The laws will be changed to allow the Myanmar Investment Commission to delegate power to regional authorities, said Daw Le Le Thein, deputy minister for National Planning and Economic Development who put forward the bills. “The intention is to share the mandate with regional governments,” she said, adding that if foreign investments can be approved […]

Gov’t Drafts Open Tender Bill

The United Nations Office for Project Services (UNOPS) and the World Bank are currently working with the Myanmar government to draft the Open Tender Bill. Once passed, this bill will serve as the legal framework for inviting government procurement tenders and awarding construction contracts, according to Daw Le Le Thein, deputy union minister for the […]