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Lawmaker Complains That Tender Process Isn’t Fair or Transparent

Daw Cho Cho of Ottwin constituency told the Pyidaungsu Hluttaw during its meeting yesterday in Nay Pyi Taw that the government was procuring contracts without public tenders or enough transparency and, as a result, had made unwarranted budget allocations for substandard public works projects. Daw Cho Cho said that many of the companies winning such […]

Myanmar’s Stock Exchange Struggles a Year After Launch

​ YANGON — Housed in a stately colonial building at the heart of Myanmar’s financial district sits the Yangon Stock Exchange, which amid great expectations opened its doors as the country’s first bourse a year ago this month. Fast forward to today, and the exchange, known as YSX, is struggling. With only four listed issues, […]

K30b From Reserved Fund for Yangon’s Power Needs

​​ President U Htin Kyaw has asked the Pyidaungsu Hluttaw to approve the allotment of K30 billion from the reserve fund of the 2016 Union budget for the purchase of generators to meet the increasing electricity needs in Yangon Region. The proposal was made in a formal message distributed to the Hluttaw representatives on March […]

Japan Pledges $824m Loan For Five Infrastructure Projects

​​ Myanmar will re­ceive an $824 million soft loan from Japan for five infra­structure development projects, including the upgrade of the Yangon- Mandalay railway and the Yangon Regional Water Supply Project. Deputy Minister for Planning and Finance U Maung Maung Win signed the MoU with the Japanese ambassador to Myanmar, Tateshi Higuchi. The loan will […]

Ministry to allow local and foreign investment forest plantation projects

Approval of the present government will be given to forest plantation projects involving local and foreign investments in forest reserves and protected forest areas, Union Minister for Natural Resources and Environmental Conservation U Ohn Win told Amyotha Hluttaw yesterday. Establishment of private forest plantations have been allowed since 2006-2007 FY for enabling wood-based industries to […]