Myanmar, Netherlands Plant Seeds of Accord

Myanmar and the Netherlands have planted the seeds of cooperation to develop the local agricultural sector, especially the development of high yielding crop seeds. A ceremony to mark the program was held in Nay Pyi Taw on Tuesday, which sees the Netherlands sharing its vast research and development in seed technology with Myanmar, whose economy […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]

MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Invitation for Bids for Supply of Solar PV System for National Electrification Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanmar National Electrification Project Credit No. 5727-MM Contract Title: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities Reference No. S&I – 2 (12 lots) 1. The Government of Myanmar has received financing […]

14,000 Tonnes of Wood Set for Tender

​​ ​​ Myanmar Timber Enterprise plans to call an open tender for about 14,280 tonnes of wood and timber, the tender committee said yesterday. The committee said timber and wood from Yangon, Sagaing, Mandalay, Ayeyawady, Bago, Tanintharyi regions and Shan, Kachin, and Rakhine states will be sold. The auction will be held from March 7 […]

Watermelon, muskmelon income accounted for 80 per cent of fruit and vegetables exports

Watermelon and muskmelon made up 80 per cent of the income earned from fruits and vegetables exported to foreign countries, according to the Commerce Ministry. During the 2015-2016 fiscal year, fruit and vegetable exports accounted for about US$93million in income, with export values of about US$60milllion from watermelon and about 20 million form muskmelon, said […]

Eel cultivation experiment to sell larvae in February

The traditional catching of eels in Myanmar has resulted in a decline in the eel population, so eel hatcheries will be experimenting to locally produce the larvae of eels in Feb 2017, according to eel cultivators. The eel market will flourish if eels can be locally cultivated, making for a profitable venture considering the high […]

Yangon Regional Government Says it Will Step Up Efforts to Reduce Earthquake Damage

​​ Yangon’s regional government is planning to form an earthquake monitoring committee in an effort to reduce the potential damage to the city’s buildings and to take responsibility for carrying out rehabilitation activities, state media has reported. The committee will be responsible for the promotion of public awareness of earthquakes and the development of a […]

Myanmar’s Road Construction Plans: Potholes Ahead

Despite a proven wealth of natural resources and a large, albeit suppressed, domestic market, Western interest in Myanmar has so far been limited. Asia, however, is taking far more notice. While immediate neighbors China and Thailand look to promote their own regional priorities in Myanmar, East Asian nations, such as Japan and South Korea, have […]