Loan

Myanmar accepts loan from Italy as foreign debt rises

August 21, 2018 by Thiha

Pyidaungsu Hluttaw has approved a €30 million interest-free loan from Italy which will be used to provide electricity to villages in Chin State and other rural areas in Myanmar. Under its agreement with Italy, Myanmar will begin repaying the loan over a period of 10 years starting 2036. The repayment amount will be €3 million […]

Filed Under: Latest News Tagged With: Chin State, China, electricity, Foreign Debt, Italy, Japan, Loan, Myanmar, National Electrification Project, The World Bank

Clashing with the law, SEZ body to resurrect Dawei megaproject

July 18, 2018 by Thiha

Myanmar’s SEZ working body announced that the long-suspended Dawei SEZ project will be resurrected this October, in a move which is set to clash with the Environmental Conservation Law because there is no known site-wide environment assessment conducted or approved. U Than Myint, chair of the SEZ Central Working Body, said during a meeting with […]

Filed Under: Latest News Tagged With: 2015 Environmental Impact Assessment, Bangkok, Chair, Charlie Thame, Commerce Minister, Dawei, Dawei megaproject, Dawei SEZ, Dawei SEZ Project, ECC, EIA, EIA consultation process, Environmental Compliance Certificate, Environmental Conservation Law, hluttaw, Htee-Khee village, ICJ, International Commission of Jurists, Italian-Thai Development, ITD, Japan, Loan, Myanmar, National Human Rights Commission of Thailand, NGOs, Premchai Karnasuta, Private Sector Development Committee, Pyidaungsu Hluttaw, Sean Bain, Tanintharyi communities, Tanintharyi Region, Thai firm, Thailand, Thammasat University, the ICJ’s legal adviser, U Than Myint, World Wildlife Fund, WWF

MADB to help fuel growth across entire agriculture supply chain

April 19, 2018 by Thiha

Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]

Filed Under: Latest News Tagged With: agricultural sector development, coffee business supply chain, coffee processor, KBZ BAnk, Loan, Lower Interest Rates, MADB, Magwe Region, mandalay, Mandalay Coffee Group, Ministry of Agriculture Livestock and Irrigation, Ministry of Planning and Finance, Myanmar Agricultural Development Bank, Myanmar Economic Bank, NGO ActionAid, Pakokku, Planning and Finance, private sector, U Kyaw Win, Union Minister, Yoma Bank

Myanmar tackles housing for poor

April 2, 2018 by Thiha

Though Myanmar’s real estate sector last year faced many challenges, the government is planning to meet the housing needs of low-income people by working with development partners and private companies, according to speakers at the Myanmar Infrastructure Summit 2018 held March 20 to 22. Win Naing, deputy director at the Department of Urban and Housing […]

Filed Under: Latest News Tagged With: Asian Development Bank, Ayeyarwun, condominium project, Construction Companies, Department of Urban and Housing Development, Deputy Director, development partners, DUHD, global director, Housing Projects, KoreaMyanmar industrial complex projects, Loan, long-term investment, low-income people, MandalayPyin Oo Lwin Road, Member, middle income people, Myanmar condominium law, Myanmar Construction Entrepreneurs Association’s executive commitฌtee, Myanmar Infrastructure Summit, Myanmar’s Construction and Housing Development Bank, Myanmar’s real estate sector, New Mandalay Resort City project, Private Companies, public-private partnership (PPP) schemes, Robert Marshall, semi-government bank, Smart District project, Win Naing, Yadanar highrise housing, Ye Linn

Department of Power Transmission and System Control, Invitation for Bids (IFB), Closing Date: 18 May 2018.

March 29, 2018 by Thiha

If your company has Request for Quotation (RFQ) or Tender Announcement that you want us to publish for FREE in the Tenders & Awards section of our website please submit to us at tender (at) consult-myanmar.com for our consideration. Loan/Credit No. : EDCF-MYA-7 1. The Government of the Republic of the Union of Myanmar has […]

Filed Under: Tenders & Awards Tagged With: Bidding Documents, Department of Power Transmission and System Control, Economic Development Cooperation Fund, EDCF, Export-Import Bank of Korea, IFB, invitation for bids, Loan, Material Planning Department, Meeting Room, Nay Pyi Taw, public holidays, Republic of the Union of Myanmar, Taungoo-Kamanat Transmission Line, Tender Committee, Tender Office, US Dollars

EOI for International financial management consultant, Closing Date: 21 March 2018.

March 8, 2018 by Thiha

Client: Yangon City Development Committee (YCDC) Country: Republic of the Union of Myanmar Project: Myanmar Southeast Asia Disaster Risk Management Project Loan No. 60800-MM Assignment Title: International Financial Management Consultant Reference No. (as per Procurement Plan): C4-CS3 The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) in the […]

Filed Under: Tenders & Awards Tagged With: Consultant Guidelines, Curriculum Vitae, expression of interest, IBRD Loans, IDA, IDA Credits & Grants, individual consultant, internal control system, International Development Association, International Financial Management Consultant, international non-governmental organizations, Kyauktada Township, Loan, local culture, Myanmar Southeast Asia Disaster Risk Management Project, Republic of the Union of Myanmar, U Aung Kyaw Thu, World Bank Borrowers, Yangon, Yangon City Development Committee, Yangon City Hall, YCDC

VisionFund Myanmar launches loan scheme for factory workers

February 23, 2018 by Thiha

VisionFund Myanmar recently announced the launch of a new microfinance loan product exclusively for garment factory workers, funded by the Livelihoods and Food Security Trust Fund (LIFT), according to a press release on 16 February. The loans were first launched at the ZES garment factory located in Hlaing Thar Yar Township, with over 160 workers […]

Filed Under: Latest News Tagged With: agricultural, Chief Operating Officer, education, Financial Services, garment factory workers, health, High interest rates, Hlaing Thar Yar Township, lift, LIFT’s Rural Finance, Livelihoods and Food Security Trust Fund, Loan, Mr. Guerol Sari, Private Sector Partnership Officer, Sandar Aung, small businesses, Social welfare, VisionFund Myanmar

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

January 8, 2018 by Thiha

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 […]

Filed Under: Tenders & Awards Tagged With: department of bridge, director-general, East-West Economic Corridor Improvement Project, EWEC, Gyaing Kawkareik Bridge, invitation for bids, Japan International Cooperation Agency, Japanese ODA Loans, Loan, Loan Agreement, MInistry of Construction, Nonrefundable Fee, Sealed Envelopes, U Shwe Lay

Tussle over Myanmar bank reform puts spotlight on debt pile

November 29, 2017 by Thiha

NAYPYITAW (Reuters) – Myanmar’s central bank has backed off from a demand that the country’s private banks clear most of their loan books by January, averting a cliff-edge scenario that some bankers warned could have destabilized the financial system. Myanmar’s central bank deputy governor, Soe Thein, told Reuters that three years – instead of the […]

Filed Under: Latest News Tagged With: chairman, cliff-edge scenario, country’s private banks, debt pile, Executive Director, financial sector, former deputy central bank governor, German state development agency GIZ, higher risk loans, international banking, International Monetary Fund, Kanbawza group, Katalysts Investment Group, Kim Chawsu, Loan, local businesses, Managing Partner, military rule, Myanmar bank, Myanmar's Central Bank, Myanmar’s central bank deputy governor, non-performing loans, NPL ratio, NPLs, overdraft loans, Pyi Soe Htin, real estate, Sein Maung, senior adviser at Kanbawza Bank, Soe Thein, Than Lwin, The Rohingya crisis, Yangon-based Asia Green Development Bank, Yangon-based First Private Bank

YCDC budgets $77 million for Yangon flooding

September 6, 2017 by Thiha

The Yangon City Development Committee (YCDC) will spend US$77 million (K104.7 billion) to fund projects to end flooding in Yangon Region, said Yangon Mayor U Maung Maung Soe. The mayor said the money is part of the $124 million loan provided by the World Bank to end the perennial flooding in the country’s economic capital […]

Filed Under: Latest News Tagged With: anti-flooding projects, Bogyoke Aung San Market, economic capital, education, education and protection program, Gyoe Phyu dam, Loan, management, public cooperation, public infrastructure safety, Theingyi Zay, World Bank, Yangon, Yangon City Development Committee, Yangon Mayor U Maung Maung Soe, Yangon parliament session, YCDC, YCDC budgets