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Financial services among the fastest growing sectors in Myanmar

The financial sector rose the most among 15 sectors managed by the government in the first six months of the 2017-18 fiscal year, growing 22 percent as a result of the implementation of new financial services, U Set Aung, deputy minister of the Ministry of Planning and Finance, at Pyidaungsu Hluttaw meeting on Thursday. “If […]

India demonetisation effect: Cancelled notes still sitting heavy in Myanmar’s purse

KOLKATA, NOVEMBER 15: The famous Shwedagon or Golden Pagoda in Yangon attracts a large number of Indian visitors, most of whom donate to the Buddhist place of worship. In November 2016, when Prime Minister Narendra Modi announced the demonetisation drive, the pagoda had donations worth ₹56,500 in the cancelled notes. The money is still lying […]

Free from sanctions, state-owned MFTB upgrades services

One of three state-owned financial institutions recently taken off the US sanctions list says it has made a concerted effort to upgrade its services since the current government took power in April, under instruction from the Ministry of Planning and Finance. Myanma Foreign Trade Bank, established in 1976, held a monopoly on the foreign exchange […]

Government restricts forex to banks

Exporters and importers must use banks for foreign currency transactions, according to new government regulations. The new rules would be another step toward a functioning interbank currency market, but bankers are doubtful they can be immediately enforced. The government amended its 2012 Foreign Exchange Management Law last week to prevent exporters from selling foreign currency. […]

Myanma Petrochemical Enterprise to invite open tender for Petroleum Coke; Closing Date: October 31st, 2014

Subscribe to our tender alert mailing list The Government of the Republic of the Union of Myanmar Ministry of Energy Myanma Petrochemical Enterprise Auction for Petroleum Coke Tender No.(1) The Myanma Petrochemical Enterprise (MPE), the Ministry of Energy, hereby announces a tender for auctioning the 3,000 (±5%) metric tons of petroleum coke (FOR EXPORT ONLY) […]