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IFC, YCDC to improve construction permit system

The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]

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 […]

Jade sales at 54th Gem Emporium down due to poorer quality

The jade exhibition, which opened on August 2 at the Mani Yadana Jade Hall in Nay Pyi Taw, closed August 11 after raking in €518 million worth of gems sold through an open tender system. A total of 105 out of 326 gem lots were sold for €3.07 million, while 5,092 out of 6,561 jade […]

Myanmar looks to private firms to improve dire air safety record

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. (Reuters) – Myanmar aims to lure private companies to upgrade and run nearly half its airports in a bid to spruce up its poor record on air safety and support a fast-growing tourism industry, officials said on Tuesday. […]

Thai firm Double A wins tender for new paper plant in Myanmar

Subscribe to our tender alert mailing list Double A, a Thai firm, announced yesterday that it has won a 30-year contract for an advanced paper plant in Thabaung, which is under the Ministry of Industry, for US$ 80.5 million (Ks 78.32 billion). The ministry had invited tenders from interested local and foreign firms, starting from […]