JICA to lend US$100m to local SMEs in 2018-19

Japan International Cooperation Agency (JICA) will lend 11.5 billion Japanese yen (K151.685 billion) to small and medium-sized enterprises (SMEs) in the fiscal year of 2018-19 through domestic banks. This decision was officially announced on September 5. The JICA’s Official Development Assistance (ODA) two-step loan will be managed by state-owned Myanma Economic Bank under its SME […]

New bridge linking Mingalar Taung Nyunt and Dawbon to open next year

A new bridge that will link Mingalar Taung Nyunt and Dawbon townships will be opened early next year, the Japan International Cooperation Agency (JICA) said. The New Tharketa bridge over Pazundaung Creek will be completed in February, JICA said in a statement. The construction of the bridge cost 3.36 billion yen (K41.88 billion). It is […]

China Beating Japan in War for Economic Influence in Myanmar

While the Japanese foreign minister and State Counselor Daw Aung San Suu Kyi discussed Rakhine’s development in Naypyitaw last week, a Chinese Communist Party provincial secretary met the vice president to discuss increasing investment in agriculture, transport and technology cooperation. It is not the first time China and Japan have been seen directly competing on […]

Chamber backs SMEs to embrace digital technology

As small and medium enterprises in Myanmar are facing challenges, the Union of Myanmar Federation of Chamber of Commerce and Industry is encouraging small and medium-sized enterprises to pursue digital competency to ensure their long-term survival, a chamber executive member said in an exclusive interview. Aye Tun, vice president of the chamber’s SMEs Committee and […]

Invitation for Bids, YCDC invites for the procurement of the Supply and Delivery of Sodium Hypochlorite “the Goods”, Closing Date: 30 August 2018.

Date: 3rd July 2018 Loan Agreement No: MY-P5 IFB No: ICB-06 1. The Government of the Republic of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) toward the cost of Greater Yangon Water Supply Improvement Project (MY-P5). It is intended that part of the proceeds of this loan will […]

Big Holes Still Exist in Financial Reports of Extractive Companies

YANGON – Myanmar’s state-owned enterprises (SOEs) involved in the extractive industries still lack transparency and need to reform to meet international standards, according to the Multi Stakeholder Group (MSG) tasked with implementation of the Extractive Industries Transparency Initiative (EITI), on Thursday. Myanmar became a global EITI candidate in July 2014 but it has yet to […]

Struggling Myanmar stock market gears up for more listings

YANGON — More than two years after it began trading, the Yangon Stock Exchange is still struggling to escape the trap of few listed companies, few investors and low share prices. The Myanmar Stock Price Index, or Myanpix, closed at 437.36 on June 4 — down 56% from the baseline of 1,000 on March 25, […]

Disaster-prone Myanmar presses alert button as monsoon looms

Vice President U Henry Van Thio is a possessed man, running here and there, to check on the preparations of local governments in response to the perennial threats of the monsoon, which is just around the corner. The vice president, who is also chairman of the National Natural Disaster Management Committee, assured that he will […]

Myanmar likely to open more sectors to FDI

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

Prioritised sectors, new investment opportunities in Yangon laid out

At the Yangon Investment Forum on Wednesday, Yangon Chief Minister U Phyo Min Thein announced the five sectors his government intends to prioritise and in which Yangon welcomes foreign investments. U Phyo Min Thein said the trade, logistics, industry, public transport and energy sectors would be prioritised, adding that the Yangon deep sea port, development […]