Rejoining Asia’s Rice Bowls

Rice is one of the major sectors prioritised by the Myanmar National Export Strategy. The Strategy was designed to fuel the country’s sustainable development through export promotion and was first launched in March 2015 under the previous administration. At one time, the country was the top rice exporter internationally until the Second World War. Subsequently, […]

IFC launches its sustainability guidelines in Myanmar language

Arm of world bank guides local companies on managing environmental, social risks The International Finance Corporation, a private sector arm of the World Bank Group, last week released a Burmese version of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governments […]

IFC launches its sustainability guidelines in Myanmar language

The International Finance Corporation, a privatesector arm of the World Bank Group, last week released a Burmeselanguage verฌsion of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governฌments on identifying and managing environmental and social risks to achieve sustainability. Bernard Sheahan, […]

Myanmar Capital Markets Essential for Private Sector: IFC

International Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said that a better regulated market will bolster investor confidence and […]

Myanmar’s toxic legacy of large dams

The country’s first strategic environmental review provides a chance to demand more from investors and dam builders, but is still being seen as too little, and leading to fierce resistance by marginalised communities. In September spectacular drone footage revealed the beauty of the waterfalls, rapids, ancient temples and islets of the Nam Pang River, a […]

Myanmar Is Next Vietnam With 10% Growth: British Diplomat

Myanmar could be the next Vietnam or Thailand, with the economy having the potential of growing as much as 10 percent, a senior British diplomat said. The Southeast Asian nation, which is opening its economy to investors after decades of military rule, has to overcome challenges including a shortage of power supply, lack of policy […]

Request for Expressions of Interest for Consultant for Myanmar Flood and Landslides Emergency,Recovery Project. Closing date 7 April 2017.

(Consulting Services– Indivdual Consultant) [COUNTRY] The Republic of the Union of Myanmar [NAME OF PROJECT] Myanmar Flood and Landslides Emergency,Recovery Project Loan No.: 5889 – MM Assignment Title: International Environmental and Social Safeguard specialist Reference No.: C4-IST-IC05 The Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost […]

ADB moves in Myanmar as trade finance hopes grow

Hopes of opening the Myanmar trade finance sector are growing, after the Asian Development Bank (ADB) issued its first guarantee in the country. As part of its Trade Finance Programme (TFP), the ADB guaranteed a letter of credit issued by Banca Popolare di Sondrio of Italy to local lender United Amara Bank (UAB), one of […]

The Peninsula Hotel to Arrive in Yangon

​​ First Myanmar Investment (FMI) has announced its luxury hotel venture The Peninsula Yangon as part of its real estate development Yoma Central, a move that coincided with a rise in its share price. On February 16, FMI held a groundbreaking ceremony for the Yoma Central project, formerly known as the Landmark Development, in Yangon. […]

Pun-Backed Project At Yangon’s Colonial Railway Building Wins ‘Milestone’ Government Approval

​​ The Myanmar In­vestment Com­mission (MIC) has given approval to a mixed-use mega project at the heritage listed My­anmar Railway Company building in downtown Yangon. The Landmark Devel­opment, as it’s known, is divided into two parts. The redevelopment of the colonial era Myan­mar Railway Company building into the five star Peninsula Hotel Yangon and a […]