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 […]

Ministry of construction, Invitation for bids for Bridge Building, Submission Date: 26 February 2018.

Date: 12th January, 2018 Loan Agreement No.: MY-P15 IFP No: MYA/MOC/EWEC/PACKAGE1/PQ 1. The Government of the Republic of the Union of Myanmar has received a Loan from Japan International Cooperation Agency toward the cost of the East-West Economic Corridor Improvement Project. It is intended that part of the proceeds of this Loan will be applied […]

Why Can’t Myanmar Kids Learn English?

Myanmar students still lack proficiency in the English language after eleven years of study in basic education schools. According to the EF English Proficiency Index 2017, which measures English language skills in 116 countries, several Asia-Pacific countries rank low or very low. Except for Indonesia, all ASEAN countries have compulsory classes in English at the primary […]

Online stock trading system planned for December launch

With the aim of increasing stock trading value at the Yangon Stock Exchange (YSX), the Myanmar Securities Exchange Supervisory Commission is putting final touches on a plan to introduce an online stock trading system in December, said commission member Htay Chun, at the December 6 Myanmar Investment Development Forum held at the IBC in Yangon. […]

Dala-Twantay New Town is First Priority in Yangon Development Plan

​​ Plans are underway to establish numerous projects, including Dala-Twantay new town, a new airport, a deep seaport and a special economic zone on Dala side, Thilawa side and Kungyangon’s adjacent areas, according to a draft of the Yangon Urban Development Strategic Plan. Investment of US$15.86 billion has already been made in Dala-Twantay new town, […]

Online Tax Payment System to Be Introduced in February

Instead of making tax payments in cash, a more convenient online payment system will be implemented by the state banks early next year, said deputy director general Dr Khine Shwe Whar from the Central Bank of Myanmar (CBM). “This online customer-to-customer transfer (CCT) payment system will start in February 2018,” she said in a meeting […]

Marubeni to Overhaul Power Plant in Myanmar

TOKYO — Japanese trading house Marubeni will upgrade a natural-gas-fired power plant in Myanmar, aiming to strengthen its power-related business on expectations of growing electricity demand in emerging Asia. The roughly 2.5 billion yen ($21.9 million) order will be financed with a low-interest loan from the Japan International Cooperation Agency. Wholly owned subsidiary Marubeni Power Systems will […]

Making Myanmar an energy powerhouse

Myanmar’s national electrification process is still on hold one year after the new administration took office. The replacement of the Minister of Energy in early August showed the priority given to energy, but the government still has much to do. Myanmar will have to decide on how to solve its chronic power shortage. There are […]

Hluttaw approves fisheries university plan

A fisheries university is being planned for the country, primarily to develop the fishery sector, which could eventually generate employment and help reduce poverty. The Agriculture, Livestock and Fisheries Ministry have submitted a proposal at the Amyotha Hluttaw, said Dr Tun Lwin, deputy permanent secretary of the ministry. The proposal hints at the opening of […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]