Myanma Foreign Trade Bank

Myanmar Wants to Modernize Its Banking System

March 14, 2017 by Thiha

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 […]

Filed Under: Latest News Tagged With: Annamalai, aung san suu kyi, Australia & New Zealand Banking Group Ltd, banking system, Commercial Bank of China Ltd, D.C., Driver, GDP, lender, Ministry of Planning and Finance, Myanma Agriculture and Development Bank, Myanma Economic Bank, Myanma Foreign Trade Bank, Myanmar, Nagavalli Annamalai, Sean Turnell, Southeast Asian, the Myanma Investment and Commercial Bank, The World Bank

Free from sanctions, state-owned MFTB upgrades services

July 13, 2016 by thiha

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 […]

Filed Under: Latest News Tagged With: Commercial Bank, Daw Myint Myint Maw, finance, MFTB, Ministry of Planning, Myanma Economic Bank, Myanma Foreign Trade Bank, Myanma Investment, OCBC, Oversea Chinese Banking Corporation, singapore, specially designated nationals, The International Monetary Fund, The Myanmar Times, Yangon

US eases Myanmar sanction to aid business

May 17, 2016 by thiha

Photo Credit: File Photo from Nov. 14, 2014 meeting between Obama and Aung San Suu Kyi in Yangon (Nyein Chan Naing / European Press Photo Agency) The US government has removed 3 government banks and 7 government agencies responsible for promoting investment and export in various sectors of this resource rich country off the sanction […]

Filed Under: Featured Stories, Latest News Tagged With: Andrew Tan, asia world, Co-Operative Export-Import Enterprise, eases sanction, Htoo Group, Managing Director Consult-Myanmar Co Ltd, Myanma Economic Bank, Myanma Foreign Trade Bank, Myanma Gem Enterprise, Myanma Investment and Commercial Bank, Myanma Pearl Enterprise, Myanma Timber Enterprise, Myanmar, No (2) Mining Enterprise, No. 3 Mining Enterprise, No.(1) Mining Enterprise, OFAC, sdn list, Steven Law, Tay Za, US sanction, Zaw Zaw

15 companies short-listed for Yangon Central Railway Station development tender announced

February 18, 2016 by thiha

Subscribe to our tender alert mailing list Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial […]

Filed Under: Tenders & Awards Tagged With: Azusa Sekkei Company, Capital Diamond Star Group, China Railway International Group, EOIs, FMI group, Fortune International Group, Great Genesis Gems, High Tech Concrete, Hongkong Land, Japan, Ko Nay Lin Aung, Lotte Asset Development, M&A-Iconic, Megawide, Myanma Foreign Trade Bank, Myanma Railways, Myanmar, Myint & Associates, Ooredoo Myanmar, philippines, Red Link Communications, Shwe Gon Development Group, Shwe Taung Development, Shwe Taung Group, Shwe Than Lwin Group of Companies, South Korea, Transport, travel, U Aik Htun, U Ko Ko Gyi, U Moe Myint, U Mya Han, U Serge Pun, U Thiha Aung, Yangon, Yangon Central Railway Station, Yangon central railways, Yangon City development, Yoma Strategic Holdings, Young Investment Group

Surging kyat closes foreign exchange desks

February 11, 2016 by thiha

Local banks suspended foreign currency exchange services yesterday as the kyat surged in value against the dollar, with financial industry sources variously pointing the finger at political speculation, market rumours and a lack of clear Central Bank policy. The kyat strengthened to K1248 against the dollar yesterday, according to the Central Bank’s rate, after […]

Filed Under: Latest News Tagged With: Asia Green Development Bank, AYA Bank, CB Bank, central bank, Chinese New Year, Downtown Yangon, Foreign Exchange Management Department, Kanbawza Bank, Myanma Foreign Trade Bank, Myanma Investment and Commercial Bank, Myanmar, Myanmar Oriental Bank, singapore, The Myanmar Times, U Mya Than, U Soe Thein, U Than Lwin, U Win Thaw

Government restricts forex to banks

December 25, 2015 by thiha

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. […]

Filed Under: Latest News Tagged With: business, central bank, export, foreign currency, Foreign Exchange Management Law, Forex, import, MFTB, MICB, Myanma Foreign Trade Bank, Myanma Investment and Commercial Bank, Myanmar, Myanmar Fisheries Federation, Nostro, U Hnin Oo, U Mya Than, Yangon

Indian bank finances Myanmar irrigation projects

March 26, 2015 by thiha

The Export and Import Bank of India has given a US$198.96 million [K198.96 billion] line of credit to the Myanma Foreign Trade Bank for financing several irrigation projects, according to the Reserve Bank of India on March 23. The EXIM Bank’s credit will finance 18 irrigation projects in Myanmar. Out of the total credit by […]

Filed Under: Latest News Tagged With: EXIM Bank, irrigation projects, Myanma Foreign Trade Bank

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

September 29, 2014 by thiha

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) […]

Filed Under: Tenders & Awards Tagged With: Bidders, EX-FACTORY, foreign currency, MFTB, Ministry of Energy, MPE, Myanma Foreign Trade Bank, Myanma Petrochemical Enterprise, Petroleum Coke, Submit

Yangon City Development Committee. Property Development. Invitation for Tender. Closing Date: 31st March, 2014

February 11, 2014 by thiha

Subscribe to our tender alert mailing list Yangon City Development Committee Invitation for Tender 1. Yangon City Development Committee hereby invites Tenders from interested local companies, foreign companies, local companies and foreign companies in joint ventures for the implementation of the Housing Projects, Affordable Housing Project, Housing Project and Car Parking Building, Automated Car Parking […]

Filed Under: Tenders & Awards Tagged With: 45th Street, Affordable Housing Projects, Automated Car Parking Tower Project, bank guarantee, Botataung Township, Car Parking Building, Corner of Bagan Road and Hantharwaddy Road, Corner of Hledan Road and Htantapin Street, Corner of Merchant Road and Thwinbyu Road, Dagon Myothit (East) Township, Engineering Department, Financial Proposal, Foreign Companies, Housing Projects, Invitation for Tender, joint ventures, Kamaryut Township, Kyeemyindine Township, local companies, Min Ye Kyaw Swar Road, Myanma Foreign Trade Bank, North Okkalapa Township, Shwe Paukkan, Technical Proposal, Tender Invitation Committee, Tender Security, Yangon City Development Committee, Zay Gyi Road

Myanmar Land Tender – Prime Land in Second CBD, Mayangone Township, Yangon – 36 acres. Closing date 2nd Feb 2014

September 17, 2013 by thiha

Subscribe to our tender alert mailing list Yangon City Development Committee Invitation for Tender Yangon City Development Committee hereby invites Tenders from interested foreign companies, local companies and foreign companies in joint ventures for the lease of land described below for the implementation of the Secondary Central Business District Project, Yangon, Myanmar: Location – Corner […]