Myanmar remains worst place in ASEAN for doing business, World Bank ranking shows

Myanmar has failed to improve its ease of doing business ranking for the third consecutive year, with the latest figures from the World Bank showing that the country remains the worst place in ASEAN to conduct business. The newly-released 2019 Doing Business rankings by the World Bank showed that Myanmar ranks 171th out of 190 […]

Myanmar to hold investment summit early next year

Myanmar will hold its first-ever investment summit in the capital city Nay Pyi Taw next year, a senior official told a press conference Tuesday. Organized by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI), the “Invest Myanmar Summit-2019” will be held in January 28-29, the first collaboration summit between the government […]

Invitation for Prequalification for Hydro Power Plant Rehabilitation Project, EPGE-MOEE

The Government of the Republic of the Union of Myanmar Ministry of Electricity and Energy Electric power Generation Enterprice Hydropower Plants Rehabilitation Project Invitation for Prequalification Date: 6th November, 2018 Specific Procurement Notice Loan Agreement No. MY-P22 dated 25th April, 2017 Contract Title Hydropower Plants Rehabilitation Project IFP No. EPGE/HPR/Package3   The Government of the […]

Framework for Kyaukphyu Port to be signed next week

The Myanmar government and China-based CITIC Group will sign a framework agreement for the construction of the Kyaukphyu Deep Sea Port project in Rakhine State next week, said U Aung Htoo, deputy minister of commerce. “It was agreed that for the first phase, the deep sea port will be implemented with US$1.3 billion (K2.4 trillion) […]

Request for expressions of interest, Ministry of Agriculture, Livestock and Irrigation, Department of Rural Development, submission date : 28 November, 2018.

National Electrification Project (IDA Project No. P152936) Assignment Title: Solar PV Inspection and Verification Agent (IVA 3) (Reference No: C2-TA32) The Republic of the Union of Myanmar has received financing from the World Bank toward the cost of the National Electrification Project (NEP), and intends to apply part of the proceeds for consulting services. The […]

Ministry of transport and communications, Myanma railways, Extension of Tender Closing Date: 19 December 2018.

Myanma Railways Extends the Tender Closing Date as follows: Sr No Tender No Description Initial Closing Date & Time Extension Closing Date & Time 1. 16/MR/INDIA (E) 2017-2018 Track Recording Car EM 80 And Small Track Maintenance Machineries 14.11.2018 (14:30) Hr 19.12.2018 (14:30) Hr Managing Director, Myanma Railways Ministry of Transport and Communication, Nay Pyi […]

Department of Rural Development, Ministry of Agriculture- Livestock and Irrigation, Invitation for price quotations.

The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of the National Electrification Project (NEP). The IDA No of the financing agreement is No-5727MM. The Department of Rural Development (DRD) of the Ministry of Agriculture, Livestock and Irrigation, in its role as implementing agency of […]

Mining Enterprise invites to submit the tender quotation for sale of Metal Ores, Closing date: 16 November 2018.

Invitation for open tender No.2/2018 (1) Ministry of Natural Resources and Environmental Conservation, No. (1) Mining Enterprise Invites to submit the tender quotation sale open tender in the United State Dollars. (a) Cathode Copper (5000) M/T (15) Lot Group (1) (1)Lot 100 Tonnes each, 5 Lot  Monywa, Mine Site Group (2) (1)Lot 200 Tonnes each, […]

Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

World Bank cuts Myanmar’s growth forecast to 6.2%

The World Bank has revised downwards its forecast for Myanmar’s economic growth by 0.5 percentage points to 6.2 percent in the fiscal year 2018-19. The World Bank East Asia and Pacific economic update released this month downgraded Myanmar’s GDP growth projections from the previous forecast, saying seasonal floods, rising cost, inflationary pressures and the Rakhine […]