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Announcement of Life Insurance Winners by MOPF

THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF PLANNING AND FINANCE ANNOUNCEMENT NO (3 /2019) 15th Waning of Waso, 1381 ME (31 July 2019) Announcement of successful applicants for life insurance business in Myanmar to be operated by a joint venture between a Myanmar insurer and a foreign insurer (“Life Insurance JV”) Following the […]

Announcement of Non-Life Insurance Winners by MOPF

THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF PLANNING AND FINANCE ANNOUNCEMENT NO (4 /2019) 15th Waning of Waso, 1381 ME (31 July 2019) Announcement of successful applicants for non-life insurance business in Myanmar to be operated by a joint venture between a Myanmar insurer and a foreign insurer (“Non-Life Insurance JV”) Following the […]

Finance ministry cuts microfinance loan interest rates

A new directive from the Ministry of Planning and Finance (MOPF) has reduced interest rate for microfinance loans and compulsory saving. The new rates are to take effect at the beginning of this month but the announcement was released after four days of the effective date, causing microfinance institutions to be in a difficult position. […]

Four local life insurance providers form JVs with foreigners

Four domestic life insurers will cooperate with their foreign counterparts to form joint ventures in Myanmar, according to the Myanmar Insurance Association (MIA). Citizen Business Insurance (CB Insurance), First National Insurance, Grand Guardian Insurance and Capital Life Insurance will form joint ventures with foreign insurers, said U Thaung Han, managing director of CB Insurance and […]

Myanmar launches investment promotion plan amid toughening conditions

The Myanmar Investment Commission (MIC) on October 8 launched its Myanmar Investment Promotion Plan (MIPP) for the time frame between 2016-17 and 2035-36. The plan outlines five strategies to actively promote investments in the local economy, including new policies and regulations, institutional development, infrastructure development and leveraging on local business systems, industries and human resources. […]

Representatives call for review of SOE law

Representatives of Parliament have urged lawmakers to review an existing law under which the government must bail out loss-making State-owned enterprises (SOEs) with public funds. A total of 17 out of the 26 Myanmar SOEs under the Union budget are expected to turn a profit in 2018-19, commencing October 1, according to the Ministry of […]

Request for expressions of interest (consulting services – local advisor), Closing Date: 1 June 2018.

The Government of the Republic of the Union of Myanmar has received financing from the International Development Association (IDA) in the form of a loan toward the cost of the South East Asia Disaster Risk Management Project, and intends to apply part of the proceeds to finance the preparation and establishment of SEADRIF, a regional […]