Request for expressions of interest (consulting services – firms selection), Closing Date: 1 June 2018.

MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 1 Review of governance and legal structure of Southeast Asia Disaster Risk Insurance Facility (SEADRIF). Reference No. C1 CS2 The Government of the Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost of […]

The company lighting up rural Myanmar with affordable solar technology

Since launching its pilot programme in 2016, SolarHome has helped Myanmar find alternative energy options by providing unprecedented electricity access to underserved households. Ted Martynov, the company’s CEO, broke down SolarHome’s business and the energy situation in the country Tell us about SolarHome… SolarHome is one of the first distributors in pay-as-you-go solar for off-grid […]

Vietnam, Myanmar look towards 1 bln USD in two-way trade

Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc and State Counselor of Myanmar Aung San Suu Kyi agreed to further deepen bilateral trade and investment on win-win basis towards achieving 1 billion USD or higher in two-way trade during their talks in Hanoi on April 19. The talks took place right after the welcome ceremony […]

Vietnamese Investors Prosper in Laos, Cambodia, Myanmar

Vietnam’s OFDI has been increasing in recent years with 930 projects licensed, mostly in the fields of industry, agriculture, telecommunication and finance & banking. Forty percent are developed in Laos, Cambodia and Myanmar. Laos is in No 1 among the countries and territories where Vietnam has OFDI. According to FIA (Foreign Investment Agency), by the […]

KBZ is The Biggest Tax Payer for Six Years Running

KBZ is the largest lender in the local market, and has paid income taxes up to K28 billion in the Fiscal Year 2017 making itself the biggest tax payer in the country for six years running, according to Internal Revenue Department under the Ministry of Planning and Finance. Internal Revenue Department announced lists of the […]

Myanmar Takes Small Steps Towards Providing Greater Liquidity for SMEs

A rising number of start-ups as well as small and medium enterprises (SMEs) are emerging in Myanmar as business opportunities rise. However, many companies fail to achieve their full potential and contribute substantially to the economy because capital assistance is lacking in the country. In Myanmar, banks require collateral in the form of property before […]

A Third of Myanmar’s Population Living in Poverty

NAYPYITAW — About 32 percent of Myanmar’s 50 million population, or 15.8 million people, are living in poverty, according to an assessment of the 2015 Myanmar Poverty and Living Conditions Survey. The new report, compiled jointly by the Ministry of Planning and Finance and the World Bank, is the second of the two-part Myanmar Poverty Assessment and […]

Minister Vows to Ensure Full Power Supply for Kayin State

​ The government will takes measures to ensure Kayin State gets the electricity supply it needs and a budget to that effect has been planned, said Kyaw Win, Union Minister for Planning and Finance, at a November 24 ceremony at the Kayin State Investment Fair-2017. “As it is now the start of the season, we […]

Investment Opportunities Emerge in Kanyin Chaung Economic Zone

Investment opportunities in Rakhine State are emerging as the government ups efforts to establish a functioning economy that will create jobs and encourage stability in the region. This month, local private sector experts and businessmen were invited to a briefing promoting investments in Rakhine. Selected sectors of the economy will be prioritised under a five-year […]

Yangon Internal Revenue Dept. Sets 10 Percent Lower Property Price

The Yangon Price Valuation Board of the Internal Rev­enue Department under the Ministry of Planning and Finance released a new price rate for proper­ty, 10 percent lower than last year. This year’s price valu­ation establishes prop­erty to cost K500,000 per square foot, down from K550,000 the previous fiscal year. The Price Valuation Board sets the […]