The Yangon government has asked the regional parliament to allow it to use K8 billion (US$5.25 million) of the money meant for construction of pedestrian bridges and investment in foreign banks for road development instead. Regional Minister for Planning and Finance U Myint Thaung submitted the proposal to the Yangon Parliament on Tuesday. “These projects […]
Contract farming launched in four districts of Sagaing
December 13, 2018 by
Four districts in the Sagaing Region — Sagaing, Shwebo, Monywa, and Yinmabin — are permitting contract farming for production of crops and seeds, said U Than Zaw Oo, the Secretary of the Sagaing Region Investment Committee. “In order to cultivate perennial crops and establish large plantations, investors can rent land by entering into long-term contracts […]
Hopes for revival of Dawei SEZ
January 25, 2018 by
IMPLEMENTATION of the Dawei special economic zone (SEZ) has been suspended for years, but Myanmar and Thailand are still eager to revive the mega project, according to an official in Myanmar. Phyo Win Tun, minister for planning and finance at the Tanintharyi Region Government and vice-chairman-1 of the Dawei SEZ management committee, said Myanmar would […]
NLD government to face tougher challenges in 2018
January 2, 2018 by
Among the many countries struggling for democracy, some succeed, some fail, while others slide back after a few measures of success. Myanmar is one of these countries, which recently gained democracy through peaceful reforms and elections but now appears to be sliding back to its old draconian ways. After more than 20-year military rule, the […]
Firms asked to bid for aviation contracts
August 1, 2017 by
Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]
Myanmar to Grant Licences for More Types of Insurance ‘Soon’ as Industry Liberalises
May 11, 2017 by
Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Licenses for all 40 types of insurance plus additional farmers’ insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]
Myanmar heads for liberalizing all types of insurance services
May 4, 2017 by
Myanmar finance authorities have submitted a proposal to the government on seeking permission to grant operation of all types of insurance services to the private sector. Running of all 40 types of insurance plus additional farmers insurance and overseas employment life insurance are expected to be granted by the government soon, said U Kyaw Win, […]
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