CBM Invites Citizens to Exchange Old Bank Notes

Old, broken, or otherwise unusable bank notes can be exchanged for new ones at state-owned banks and private banks, according to an announcement by the Central Bank of Myanmar. The CBM has been trying to motivate citizens to exchange decrepit notes since 1993 when they first announced this initiative. Under the bank note exchange, local […]

Invitation to 54th Myanma Gems Emporium 2017 to be held from 2nd to 11th August 2017

Subscribe to our tender alert mailing list 1. The significant 54th Myanma Gems Emporium will be held on August 2 to 11, 2017 at Maniradana Jade Hall in Nay Pyi Taw. Click here to see Google Map location. 2. Rough jade, rough gems, cut and polished gemstones, jewelries, jade carvings and gemstone pictures will be […]

JICA Offers K1.3b Loan to SMEs

JAPAN International Corporation Agency (JICA) is going to lend K1.3 billion via local banks to small and medium-sized enterprises (SMEs), an official from JICA told The Myanmar Times. JICA also extended a K41.5 billion loan to private SMEs in Myanmar last year, the official added. During this fiscal year, JICA’s loan for SMEs will work […]

Invitation for Bids (IFB) for Supply of Core Banking System for Myanmar Economic Bank. Prebid Meeting 31 May 2017.

Subscribe to our tender alert mailing list   Modernization of Public Finance Management Credit No. 54020-MM/Grant No. TF017910 IFB No: MPFMp-ICB-IS2S-C2-IS218 IFB Title: Supply, Implementation and Support of a CORE Banking System (CBS) and related linkages for Myanma Economic Bank. 1. The Government of the Republic of the Union of Myanmar has received financing in […]

Myanmar Wants to Modernize Its Banking System

Myanmar is embarking on the first comprehensive audit of state-owned banks in decades, part of a push to modernize the financial system and tackle risks to the nation’s rapid economic growth. The World Bank is working with Aung San Suu Kyi’s government on the project and the results will help to clarify options for restructuring […]

MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Invitation for Bids for Supply Concrete Poles for National Electrification Project. Closing Date 19 Jan 2017

Subscribe to our tender alert mailing list   The Government of the Republic of the Union of Myanmar Ministry of Electricity and Energy National Electrification Project Invitation for Bids Date: 5th December, 2016 Specific Procurement Notice IDA Credit No. 5727-MM Contract Title Concrete Poles for National Electrification Project Reference No. C1-G2   The Ministry of […]

MEB, six private banks to lease K30 billion to SMEs

Myanma Economic Bank, teaming up with six private banks will give K30 billion loans to small and medium enterprises (SMEs), according to Ministry of Industry. The country’s SMEs can acquire loans from the Myanma Oriental Bank, Ayeyawady Bank, from Co-Operative Bank (CB), commonly known as CB Bank, the Myanmar Citizens Bank, the Kanbawza Bank and […]

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 […]

Myanmar’s fast-food industry attracts US attention as sanctions ease

US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place. The US Treasury, for instance, has removed from a blacklist seven state-owned enterprises and three state-owned banks – the Myanma Economic Bank, Myanmar Foreign Trade Bank, and Myanma Investment and […]