fbpx

Kyat rebounds after re-export activities suspended

The spike in the exchange rate between the US dollar and Myanmar kyat appears to have tapered after the Ministry of Commerce (MOC) on August 17 temporarily suspended re-exports of sugar and diesel. “We suspended re-exports of sugar and diesel because the cash flows involved are huge enough to influence the exchange rate,” said U […]

Japanese investors eye retail sector investments in Myanmar

Wholesalers and retailers from Japan, Thailand and South Korea met with the Ministry of Commerce (MOC) to discuss investments in the Myanmar retail sector, said U Yan Naing Tun, director general of the Department of Trade under MOC. Among the companies was Japanese retailer Aeon Co, which invested in the Myanmar retail sector under a […]

Myanmar develops gold trading avenues

Myanmar is making progress in developing legal avenues to export gold. The Ministry of Commerce (MOC) yesterday said it would remove the metal from its restricted exports list and open a service centre near the Peoples’ Square in Yangon to handle the legal trading of gold. An official notification has yet to be issued. Legal […]

E-commerce sector under govt scrutiny for tax purposes

Government departments are rushing to manage and regulate e-commerce for tax purposes, according to the Ministry of Commerce (MOC) and Internal Revenue Department (IRD). Currently, e-commerce businesses mostly use Facebook to promote or trade products. Meanwhile, other online platforms created specifically for online shopping are growing quickly in the local market, according to the Myanmar […]

Request for expressions of interest, Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 31 August 2018.

IDA Credit 5889-MM Assignment Reference Number: C4-DOH-CS08 Assignment Title: International Road and Bridge Hydrologist Individual Consultant Position The Republic of the Union of Myanmar has received financing from the World Band towards the cost of the Flood and Landslide Emergency Recovery Project (FLERP). The Department of Highways (DOH) of the Ministry of Construction (MOC) who […]

Retailers flag need to regulate e-commerce industry

The Myanmar Retailers Association last week submitted a request to regulate the e-commerce industry to Vice President U Myint Swe and the government’s Private Sector Development Committee during a meeting between the latter and local businesses. Retailers say that while a rising number of consumers are now purchasing goods from individuals and businesses online, many […]

Ministry of Construction, Request for expressions of Interest, Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 9 July 2018.

IDA Credit 5889 – MM Assignment Reference Number: C1-C2-MOC- CS- 01 Assignment Title: Rural Roads and Highways Design and Supervision (Consulting) Firm Lot Project Office Project Site Contracting Agencies Lot 1 DOH project office Nay Pyi Taw Rakhine and Chin States Department of Highways Lot 2 DRRD project office Nay Pyi Taw Ayeyarwaddy, Bago, Magway, […]

New retail directive well-received, but raises unanswered questions

Myanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, […]

Government woos private sector in construction of Yangon elevated ring road

The Ministry of Construction (MOC) is inviting the private sector to submit Expressions of Interest (EOI) to participate in the construction of an elevated four-lane ring road in Yangon. The MOC on May 18 invited both local and international companies interested in designing, engineering, financing, constructing, operating and maintaining the proposed expressway under a Public […]

Department of Highways (DOH): EOI for Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 30 April 2018.

IDA Credit 5889-MM Assignment Reference Number: C1-MOC-CSO2 Assignment Title: Environmental and Social Impact Assessment (ESIA) and Resettlement Action Plan(RAP) for the Kalay- Hahka Road Rehabilitation in Chin State The Republic of the Union of Myanmar has received financing from the World Bank towards the cost of the Flooding and Landslide Emergency Recovery Project (FLERP). The […]