From a vantage point for development policy to Myanmar

After four years of significant changes in development policy, interesting years as Finland’s first Ambassador to Myanmar are awaiting Riikka Laatu. She is excited about her transfer to Yangon. At the start of September Riikka Laatu, Deputy Director General at the Ministry for Foreign Affairs, will transfer to her new position as Finland’s Ambassador to […]

MIC issues 13 new business permits in August, including one for beer

The Myanmar Investment Commission (MIC) has approved the issuance of 13 permits, including one for a beer joint venture in Mandalay. Eight foreign businesses and 5 Myanmar citizen businesses were approved at a recent 12/2017 meeting, according to Deputy Director General of Directorate of Investment and Company Administration (DICA) U Than Aung Kyaw. This includes […]

Can the central bank’s new guard save businesses in Myanmar?

Among the nominees for deputy governor are economist and retired Budget Department of the Ministry of Planning and Finance officer U Soe Thein, incumbent deputy governor U Soe Min and existing member of the board U Bo Bo Nge. Meanwhile, the newcomers to the Board include former deputy director general of the Union Attorney General’s […]

FDI could exceed MIC’s target in 2017-18, but still lower than previous years’

Between April 1 and July 11 of the current fiscal year, FDI into the country hit US$2.7 billion, almost half the MIC’s target. Meanwhile, a total of US$127 million in fresh funds was pumped into the Thilawa Speical Economic Zone, while US$221 million was injected into existing projects. That’s US$3.1 billion in total for the […]

Department to call for tenders to upgrade three domestic airports

Subscribe to our tender alert mailing list The tender call invites developers who are interested to upgrade the infrastructure projects through a public-private partnership (PPP) system, U Ye Htut Aung, deputy director general of DCA told The Myanmar Times. Public-private partnerships between a government agency and private-sector company can be used to finance, construct and […]

Invitation for Price Quotations for Supply and Installation of Satellite Equipment and High-Speed Connection In 3 Township Offices. Closing Date 31 March 2017.

Subscribe to our tender alert mailing list The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of the National Community Driven Development Project (NCDDP). The IDA No. of the financing agreement is No. H814MM. The Department of Rural Development (DRD) of the Ministry of Agriculture, […]

Expression of Interest to provide consultancy service for Township Level Technical Assistance. Closing Date 28th July 2016

Subscribe to our tender alert mailing list THE DEPARTMENT OF RURAL DEVELOPMENT Ministry of Agriculture, Livestock and Irrigation IDA Grant H814-MM Assignment Title: Township Level Technical Assistance   Ref No.   Township Clusters (TC) by Region/State   Number of townships per cluster , beginning in November 2016   Potential expansion into additional townships in subsequent […]

Myanmar central bank mulls new move to stem kyat fall

The Central Bank of Myanmar is stepping up its efforts to discourage the domestic use of US dollar, with the plan to illegalise dollar-denominated transactions. According to Win Thaw, deputy director-general with the foreign currency management department of the CBM, the directive demanding all local transactions completed in Myanmar kyat would be issued by the […]

Govt to take action on illegal fuel imports

The authorities will start inspections at airports and ports to clamp down on illegal fuel imports, according to the Illegal Trade Prevention Central Committee (ITPCC). “The government’s crack down on fuel smuggling started last November to stop fuel smuggling, but there has been no seizure of fuel smugglers yet,” said Nyunt Aung, deputy director general […]