Myanmar Allocates 1.8GHz Spectrum with $80m Price Point

Myanmar’s four operators have each been allocated 2x40MHz blocks of technology neutral spectrum in the 1.8GHz band by the country’s Post and Telecommunications Department (PTD). The department has set the price of a 2x10MHz block at $80 million through a direct allocation method. If an operator chooses to acquire the airwaves they will be required […]

KBank Broadens SME Support in Myanmar

KBank, which styles itself as a champion of small business, has been helping entrepreneurs in Myanmar over the past three years, with short training sessions focused on issues including knowledge transfer and raising awareness of business opportunities. Pattanapong Tansomboon, first senior vice president of K Bank, said in an interview that the bank was broadening […]

Expressions of Interest in Consulting Services for Agricultural Development Support Project. Closing Date 16 June 2017.

The Republic of the Union of Myanmar Agricultural Development Support Project (ADSP) Credit No.: 5624 MM The Republic of the Union of Myanmar is in the process of receiving funds from the World Bank toward the cost of the ADSP Project and intends to apply part of the proceeds for consulting services. The Project Management […]

MAPCO’s power plant and rice mills open in Ayeyawady

Mapco Golden Lace’s project in Ayeyawady. A 2.2-megawatt power plant and two rice mills opened in Kyaiklatt Township, Ayeyawady Region, on May 15. The Myanmar Agribusiness Public Corporation (Mapco) and six shareholders under the Golden Lace Company jointly operate the firms with a 55:45 ownership ratio. The Mapco Golden Lace has gained licences from the […]

Siemens, MMH join hands for port operations

Siemens, a global powerhouse focusing on the areas of electrification, automation and digitalisation, plans to expand its business in Myanmar by providing Myanmar’s ports with technology and solutions in cooperation with a local counterpart, Myanmar Mahar Htun Co (MMH), according to Christian Beckers, head of business development at Siemens Myanmar and Cambodia. Beckers said in […]

1m acres of mineral depositories suspended

In Myanmar, mineral depositories have been allocated to be used as resource reserves, with a total area of 1,187,492 acres, according to U Khin Maung Yi, permanent secretary of the Ministry of Natural Resources and Environment Conservation, who told reporters during a press conference in Nay Pyi Taw on April 24. According to the permanent […]

Shut over confusion, Horizon international schools renamed

U Ye Tun, executive director of Horizon, said in a statement, that there was confusion in the use of the word ‘School’ which implied that the education institution was teaching a curriculum based on the Myanmar education system. Speaking on behalf of the school administration board, he said that since Horizon schools are not teaching […]

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

  Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. 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 […]

Commit-and-Act Approach Expected Among Investors

Despite the 30 percent drop in FDI compared to the preceding year, the inward FDI in the financial year 2016-17 was moderately satisfactory, with US$6.6 billion. That amount mainly derived from the transport and communications sector. The sector alone attracted US$3 billion FDI, making it the top sector in terms of FDI. However, it is […]

Signing of Japanese ODA Loan Agreement with Myanmar: Rehabilitating deteriorating hydropower plants to provide a stable supply of power to Myanmar’s two most populous regions

On April 25, the Japan International Cooperation Agency (JICA) signed a loan agreement (L/A) with the Government of the Republic of the Union of Myanmar in Nay Pyi Taw, the capital city, to provide a Japanese ODA loan of up to 10.787 billion yen for the Hydropower Plants Rehabilitation Project. The objective of the project […]