fbpx

Shrouded in secrecy, SOE profits are not financing country’s development

Reallocation of excess savings from Myanmar Gems Enterprise (MGE) and Myanma Oil and Gas Enterprise (MOGE) alone could provide more than K2.8 trillion in available financing for the government’s budget in the fiscal year starting from October, on top of covering expenses of the two state-owned enterprises. The government has lost more than US$2 billion […]

Ministry of Education, Invitation for Bids, Submission Dateline 26 June 2018.

Date: 25 May 2018 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA3472/EYE/NCB/Goods/ CBMSC/Furniture/02 Deadline for Submission of Bids: 26 June 2018 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project (EYE). Part of […]

Ministry of Education, Invitation for Bids to Supply Furniture, Closing Date: 15 June 2018.

  Date: 16 May 2018 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA 3472/EYE/NCB/Goods/ CBMSC/ Dorms-Furniture/01 Deadline for Submission of Bids: 15 June 2018 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project […]

Myanmar insurance industry poised for reform, awaits liberalisation

Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]

MADB to help fuel growth across entire agriculture supply chain

Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]

Nationwide expansion to drive Wave Money’s growth

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]

Private banks loan Ks 868.733 bln to SMEs

Until December, 2017, private banks have granted a Ks 319.228 billion loan to the agricultural and livestock sector and Ks 868.733 billion to small and medium-sized enterprises, said Soe Thein, Vice-governor of the Central Bank of Myanmar. MP Kyaw Htwe representing Yangon Region Constituency-8, raised a question on the policies set for the establishment of […]

Government Commits to Long Term Aquaculture Development; Starts Dialogue on Issues

Myanmar has taken its first major step towards developing a sustainable aquaculture industry that will meet domestic dietary needs and support the country’s fishery exports business at a time when wild fish stocks are declining rapidly. “The fisheries sector is one of the most important for our ministry, contributing to the protein needs of our […]

Invitation for Bids for Myanmar National Electrification Project. Closing Date 30 Dec 2016

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   Date 14th November, 2016   SPECIFIC PROCUREMENT NOTICE IDA Credit No. 5727-MM Contract Title Distribution Transformer for National Electrification Project Reference No. C1-G1   The Ministry of Electricity and […]

Blockchain to Be Used on Myanmar Stock Exchange

Daiwa Securities Group, a major Japanese financial services company, has announced that it intends to implement blockchain technology for trading on the Yangon Stock Exchange in Myanmar (formerly Burma). Daiwa has been testing blockchain technology at the Yangon exchange for months, from June to September, and hopes to complete formal implementation for all Daiwa stock trades on the […]