YCDC budgets $77 million for Yangon flooding

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 […]

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

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. […]

Myanmar Railway Invitation for Bid. Closing Date 31 October 2017

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 […]

Yangon to Mandalay Railway Back on Track

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 […]

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

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 […]

Thai Exim Bank opens first overseas rep office in Yangon

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 […]

Faster, easier loans for Mandalay SMEs

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 […]

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

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 […]

YCDC to reduce groundwater pumping

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 […]