Loan

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

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

August 16, 2017 by Thiha

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]

Filed Under: Latest News Tagged With: African, agribusinesses, agricultural products, agricultural sector, Asian, Asian Development Bank, Ayeyawady Region, Bangladesh, Chin, Chinese government, CITIC, Climate Change, crop insurance, domestic rice market, European Countries, farmers recycle paddies, farming agreements, Foreign Direct Investment, foreign investors, full premiums, Germany, global rice price, government to government, India, International Market, International Standards, investment, Japan, Kachin, Kayah states, land records, land reform, laws and regulations, legal and regulatory, Livestock and Irrigation terms and conditions, Loan, Loans, low quality seeds, Malaysia, management challenges, MAPCO, Ministry of Agriculture, modern processing machinery and technologies, MRF, Myanma Insurance, Myanmar investment commission, Myanmar Rice Federation, Myanmar’s agricultural sector, national agriculture service centre project, Natural Disasters, Obstacles, partnership agreement, Poland, poor infrastructure, Portugal, real estate prices, rice export volume, rice exports, rice industry, rice seed companies, risks, Romania, satisfactory level, singapore, Spain, Taninthayi Region, Technology, Thailand, two per cent tax, World Bank

Myanmar Railway Invitation for Bid. Closing Date 31 October 2017

August 3, 2017 by Thiha

Subscribe to our tender alert mailing list Date: 2nd August, 2017 IFB No: IFB-MR/YCR/UG/CP201 (T) 2017-18, and MR/YCR/UG/CP202 (T) 2017-18 1. The Government of the Republic of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) towards the cost of the Yangon Circular Railway Line Upgrading Project. The Bids are […]

Filed Under: Tenders & Awards Tagged With: ABS system, ATP, automatic block signal, automatic train protection, bid, Brand new Diesel Electric Multiple Units, brand new electronic, Closing Date/Time, DEMUs, design, electric points machines, execution, Government of the Republic of The Union of Myanmar, Guidelines, head office of Myanma Railways, INSEIN Depot, installation of turnouts, interlocking and relay-interlocking systems, International competitive bidding, Japan International Cooperation Agency, Japanese ODA Loans, Japanese partners, JICA, JICA’s Single-Stage Bidding Procedure, joint venture, lead partner, Loan, Loan Agreement, Managing Director, Ministry of Transport and Communications, Myanma Railway, Myanma Railways, Nationality, Nay Pyi Taw Railway Station Compound, Non-refundable Document Fee, PobbaThiri Township, prime contractor, rail joints, Rolling Stocks Procurement Works, Safety Equipment, signal bonding wires, Signaling works, Submission of Bid, Tender Office, Yangon Circular Railway Line Upgrading Project

Yangon to Mandalay Railway Back on Track

July 26, 2017 by Thiha

The railway linking Yangon to Mandalay has been slated to receive a series of large-scale, overdue renovations. With a loan from the Japan International Cooperation Agency (JICA), the 385 mile stretch of rail will be revamped to meet international standards and halve transportation times. U Myo Win, General Manager of Myanma Railways, told the Myanmar […]

Filed Under: Latest News Tagged With: Central Myanmar, construction materials, Deputy General Manager, development of Mandalay Division, food, General Manager, halve transportation times, International Standards, Japan, Japan International Cooperation Agency, JICA, Loan, mandalay, Mandalay’s Regional Minister of Finance Planning, Ministry of Transport and Communications, Modern Equipment, Myanmar Business Today, Myanma Railways, new coaches, new railway stations, ODA, Official Development Assistance, petroleum, Planning Department, Railway, Tangoo, U Myat Thu, U Myo Win, U Nyi Nyi Swe, Yangon

Foreign Direct Investment into a country is influenced by Ease of Doing Business

July 21, 2017 by Thiha

FDI is desired by most of the countries as it can help in boosting the economic development of the country. Therefore almost every country tries to attract the foreign investment by offering the incentive such as tax incentive, tax grace period and etc. Our neighbouring country, India had amended the Foreign Direct Investment Law in […]

Filed Under: Latest News Tagged With: America, Asian Countries, Canada, China, Ease of Doing Business, economic development, Economic Policy, economic potential Vietnam, EDB, EDB index, export, FDI, FDI index, financial markets, Foreign Direct Investment, Foreign Direct Investment Law, Foreigner’s limited shares, full-voltage electricity supply, import, incentive, India, Indonesia, international survey, land acquirement, land use, Loan, Malaysia, Myanmar, Myanmar Government, New Zealand, Poland, Rules and Regulations, singapore, socioeconomic, tax incentive, Thailand, The Financial Times, Vietnam, World Bank, World Bank EDB survey

Thai Exim Bank opens first overseas rep office in Yangon

June 13, 2017 by Thiha

THE Export-Import Bank of Thailand is opening its first overseas representative office today to support Thai companies investing in 18 infrastructure projects in Myanmar worth more than Bt700 billion. The new office is in Yangon, the country’s commercial capital. Woramin Thavarabha, Exim Bank’s chief representative in Myanmar, said in an interview yesterday that Thai investors […]

Filed Under: Latest News Tagged With: Advisory Services, Asean Country, country’s commercial capital, EXIM Bank, Exim Bank’s chief representative, Export-Import Bank, first overseas representative office, high gross domestic products, import, Loan, memorandum of understanding, Myanmar, Myanmar Foreign Trade Bank, Raw Materials, representative branch, Thai Investors, Thai staff, Thailand, Woramin Thavarabha, Yangon

Faster, easier loans for Mandalay SMEs

June 1, 2017 by Thiha

The chair from Loan Implementation sub-committee, U Maung Maung Win, who is also the deputy minister for planning and finance, headed the meeting. It was held on Sunday at the Mandalay Regional Chamber of Commerce (MRCCI) premises. U Maung Maung Win said a working committee will ensure that a separate loan facility will be set […]

Filed Under: Latest News Tagged With: business, CGI, deputy minister for Planning and Finance, Dr Zaw Myint Maung, entrepreneur, Japan, Kanbawza Bank (KBZ), Ko Okka Yaw, Loan, Mandalay Regional Chamber of Commerce (MRCCI), Mandalay SMEs, Myanmar Computer Professionals Association, Myanmar Times, NLD government, person, Regional Finance Minister U Myat Thu, Sector, SME, U Maung Maung Win, U Myat Thu, U Win Htay, Vice President U Myint Swe

Split visions of Dawei’s future as Thailand, Myanmar restart special economic zone project

May 31, 2017 by Thiha

The governments of Thailand and Myanmar are set to restart the development of the Dawei deep-sea port and special economic zone, after both countries set up a joint coordinating committee to work out investment details of the project. In 2008, both countries signed a memorandum of understanding to develop a massive land area of 200 […]

Filed Under: Latest News Tagged With: Africa, and Transport, Associate Professor Ruth Banomyong, Bangkok, bank, Channel NewsAsia, Chinese, country, Dawei, democracy, Department of International Business, economic zone project, Europe, factory, government, Ho Chi Minh City, India, industry, investment, Italian-Thai Development (ITD), japanese, Kalonehtar village, Loan, Logistic, Member, Myanmar, Myanmar Government, National Human Rights Commission (NHRC), Neighbouring Countries Economic Development Cooperation Agency (Neda), Newin, Newin Sinsiri, Pakpoom Withantinawat, Phnom Penh, Phuket, Pin Nyar Wantha, Porametee, Port, president, railroad, Road, Tanintharyi, Thailand, Thailand’s National Economic and Social Development Board, Thammasat University, Thant Zin, the jead monk of the village and community leader, the National League, thilawa, Vung Tau, worker, Yangon

YCDC to reduce groundwater pumping

May 24, 2017 by Thiha

Yangon City Development Committee will reduce groundwater pumping, said Yangon mayor Maung Maung Soe at the fourth regular session of regional parliament on May 22. In response to the question of MP Than Swe representing Mingala Taungnyunt Constituency-2 about water supply, sewage disposal and power supply system, Maung Maung Soe said Yangon City Development Committee […]

Filed Under: Latest News Tagged With: Dagon Myothit, Dawbone, groundwater, Gyophyu, Hlawga, Japanese International Cooperation Agency, JICA, Kukkowa River, Lagonpyin dam project, Loan, Mingala Taungnyunt, MP Than Swe, Ngamoeyeik, Parliament, reservoir, Thaketa, Thilawa Special Economic Zone, Thonegwa Village, Yangon City Development Committee, Yangon Mayor Maung Maung Soe, YCDC

80 percent of CHDB loan for construction

May 18, 2017 by Thiha

“The maximum loan CHDB is providing for construction is 80 percent and 20pc is for buying apartments. “There is about K80 billion the CHDB gave for the construction of Ayeyarwun and Yadanar Hninsi housing [projects] by the government,” she added. The loan percentage for buying an apartment is lower than that for construction purposes, because […]

Filed Under: Latest News Tagged With: Apartment, Ayeyarwun, bank, Buyer, CHDB, construction, Daw Myint Myint Mu, Director, instalment, japanese, Loan, market, Myanmar, saving account, Yadanar Hninsi housing