Chinese Companies Flocking to Southern Myanmar’s Industrial Complex Megaproject

YANGON—Despite the surge in COVID-19 in Myanmar, Chinese companies including state-owned energy giants are seeking opportunities to invest in the Dawei Special Economic Zone (SEZ), a US$8-billion (10.4-trillion-kyat) strategic project in southern Myanmar’s Tanintharyi Region that is set to be Southeast Asia’s largest industrial complex. The Dawei SEZ management committee has invited international companies to […]

More Myanmar workers suffer abuse in Thailand, group says

Thai companies are abusing the rights of more Myanmar workers during the COVID-19 pandemic, according to a migrant aid group in the neighbouring country. Ko Ye Min, spokesperson for the Aid Alliance Committee for Myanmar Workers, said the abuses ranged from unpaid wages to forced evictions. “More and more, the rights of Myanmar workers in […]

The scrap over Loikaw’s industrial zone

The Kayah State government’s fast-tracking of a Chinese company’s proposal to invest tens of millions of dollars in a forgotten industrial zone in the state capital has angered local activists, politicians and armed groups. When the Kayah State government revealed its plan to overhaul the Loikaw industrial zone in January 2018, timber merchant U Tezar […]

Myanmar Citizens Bank to increase SME access to finance

Yangon-listed Myanmar Citizens Bank (MCB) inked an agreement with the International Finance Corporation (IFC) to increase access to finance for small businesses and individuals. The IFC will provide advice to the public lender to transform and modernise its business operations to better serve small businesses. The project will be delivered over two years and will […]

MPs urge govt to rein in farmland sales

The subdivision and selling of farmland must be done by the national government, not by local management and development committees, a legislator in the Upper House has said. U Myo Win, MP for Mon State constituency 1, underscored the need for the national government to regulate the activities of management and development committees in townships […]

EOI for International procurement specialist, Individual consultant, Closing Date 17 Nov 2017

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 Procurement Specialist Reference No. (as per Procurement Plan): C4-CS1 The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) in the form […]

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 […]

Twelve enterprises recently permitted by MIC

The Myanmar Investment Commission (MIC) permitted 12 enterprises which are in line with investment regulations and laws in the current fiscal year 2017-2018, according to a recent meeting of MIC. A total of 4,343 job opportunities are created from those permitted enterprises. They consist of two Myanmar citizen enterprises, two foreign enterprises and eight joint […]

Myanmar moves towards establishment of Civil Service Academy

THE Union Civil Service Board (UCSB) held a consultation workshop on the establishment of a Civil Service Academy in Myanmar in cooperation with the Hanns Seidel Foundation in Nay Pyi Taw yesterday. UCSB Chairman Dr Win Thein and Mr. Archim Munz, resident representative of the foundation, spoke on the occasion where UCSB members, departmental heads, […]

EU launches EuroChamber in Myanmar, in big step to closer ties

European firms are expected to bring with them three things – finance, technology, and management, said the presidential economic adviser to welcome the launch of European Chamber of Commerce on Friday. “We need finance. We hope good European companies will come. Global brand names will come. We also hope the European companies will give us […]