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EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

Puma Energy JV expands $10 mln capital for aviation fuel services in Myanmar

National Energy Puma Aviation Services Company, which is joint venture between Singapore-based Puma Energy and Myanmar Petroleum Products Enterprises under the Ministry of Electricity and Energy, made capital expansion of over US$10.204 million in aviation fuel import, storage and distribution businesses, according to the Directorate of Investment and Company Administration (DICA). “The government holds more […]

Request for expressions of interest, Ministry of Agriculture, Livestock and Irrigation, Department of Rural Development, submission date : 28 November, 2018.

National Electrification Project (IDA Project No. P152936) Assignment Title: Solar PV Inspection and Verification Agent (IVA 3) (Reference No: C2-TA32) The Republic of the Union of Myanmar has received financing from the World Bank toward the cost of the National Electrification Project (NEP), and intends to apply part of the proceeds for consulting services. The […]

Myanmar targets FDI from East Asia in long-term investment plan

Myanmar is gunning for more foreign direct investments (FDI) from East Asia in the next 20 years under its new Myanmar Investment Promotion Plan (MIPP), U Than Aung Kyaw, deputy director general of the Directorate of Investment and Company Administration (DICA) told The Myanmar Times at a book launch in Yangon on Thursday. Besides strengthening […]

Department of Rural Development, Ministry of Agriculture- Livestock and Irrigation, Invitation for price quotations.

The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of the National Electrification Project (NEP). The IDA No of the financing agreement is No-5727MM. The Department of Rural Development (DRD) of the Ministry of Agriculture, Livestock and Irrigation, in its role as implementing agency of […]

The Ministry of Construction, Department of Highways, Invitation to Pre-Qualify for the Yangon Elevated Expressway Public Private Partnership Project Phase 1 , Submission deadline: 30 October 2018.

September 7, 2018 Invitation to Pre-Qualify for the Yangon Elevated Expressway Public Private Partnership Project Phase 1 The Ministry of Construction (“MOC”) of the Union Government of Myanmar, coordinating with the Yangon Regional Government, is inviting interested parties to pre-qualify to undertake the design, engineering, financing, construction, operation and maintenance of the first phase of […]

Myanmar Suspends a Show Money Policy for Certain Visitors

A notice was released August 1, suspending the policy requiring that Japanese, Korean and Chinese tourists are to show $1,000 as a proof of funds. This change in policy came after the Ministry of Hotel, and Tourism faced opposition. Even coming from the tourism sector itself. The order was released on July 20, granting a […]

Myanmar allows up to 80% of foreign investment in agriculture sector

Foreign businesses have been allowed to invest up to 80 percent in Myanmar’s agriculture sector instead of 49 percent, according to Myanmar Investment Commission (MIC). “Previously, the agriculture sector seemed to protect local businesses. At that time, a foreigner was allowed to invest 40 percent while a national had the chance to invest 51 percent. […]

Textiles a key focus of trade push between Myanmar and Taiwan

SEEKING to build on the rapid growth in trade between Taiwan and Myanmar, industry bodies from the two sides have signed two memorandums of understanding at a Taiwan-Myanmar Industrial Collaboration Summit. Myo Thet, vice president of the Union of Myanmar Federation of Commerce and Industry (UMFCCI), said the agreements would help boost bilateral economic ties, […]

Ministry of agriculture, livestock and irrigation, Rural electrification program, Request for Bids, Submission Date: 17 September 2018.

Date: 31st July, 2018 Credit No. BMZ-No.: 201567882 Contract: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities RFB Reference No. ICB-KfW01 1. The Department of Rural Development (DRD), Ministry of Agriculture, Livestock and Irrigation has received financing from the Kreditanstalt für Wiederaufbau (KfW) toward the cost of the Rural Electrification […]