Myanmar moves to stave off credit crunch

NAPYITAW — Myanmar’s banking system is facing tough new regulations that could take more than $1 billion worth of local currency out of circulation, severely curtail lending and badly hurt the economy if a tight compliance deadline is not eased, senior bankers have warned. The Central Bank of Myanmar published its first set of modern […]

Few have insurance but interest is rising

Few business people in Myanmar buy insurance policies to cover their lives, let alone goods and vehicles, said Dr Sandar Oo, managing director of Myanmar Insurance Enterprise (MIE), which is under the Ministry of Planning and Finance. “There are policies under the (MIE) which cover all the losses suffered,” she added. Moreover, the MIE is […]

Department of Rural Development invites Expressions of Interest for eligible suppliers to express their interest; Closing Date: Oct 30, 2015

Subscribe to our tender alert mailing list Development Association (IDA) toward the cost of the National Community Driven Development Project (NCDDP). The Department of Rural Development (DRD) of the Ministry of Livestock, Fisheries and Rural Development, in its role as implementing agency of the NCDDP, intends to apply a portion of the proceeds of this […]

Myawady Industrial Zone attracts regional interest

Japan, Thailand, Korea and China have all voiced interest to invest in the Myawady Industrial Zone which is currently under construction near the border with Thailand. The Myawady Industrial Zone Project was started in April 2013 and is running ahead of schedule with 60 percent of the project already completed. It is expected to be […]

Four Thai banks vie for licences in Myanmar

Thai banks with representative offices in Myanmar have a strong interest in applying for restricted-services licences, after that country recently opened up for such applications from foreign banks for the first time. Four Thai banks have representative offices in Myanmar – Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikorn-bank. If they can obtain the […]