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Myanmar Strategic reports narrowed loss in first half after EXERA buy

Myanmar Strategic Holdings Ltd on Thursday said its loss narrowed in the first half of its current financial year following the acquisition of EXERA. The stock was untraded on Thursday at USD10.00 a share. The investment company said its loss narrowed in the six months to September 30 to USD897,968 from USD1.1 million reported for […]

Get All Myanmar aims high for rapid growth to expand overseas

WITH online to offline (O2O) platforms on the rise across Asia, Get All Myanmar Co, a locally owned enterprise that began commercial operations in February this year, is confident that it will be able to expand overseas in a few years, according to Nyein Chan Soe Win, the firm’s co-founder and chief executive. “We have […]

Credit bureau to be up and running within next 12 months

Myanmar will start collecting and providing credit data after a new credit bureau opens in the next 9-12 months, after which banks will be in a better position to offer loans to a larger volume of businesses, said U Zaw Lin Aung, chair of Myanmar Credit Bureau Ltd. Myanmar Credit Bureau yesterday signed an agreement […]

Economic outlook negative: UMFCCI

Myanmar’ economy is in worse shape this year compared to 2017 and 2016, according to the Business Sentiment Survey for the second quarter of 2018 conducted by the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) . The results of survey were released during 2nd B4B Insights Forum organised by UMFCCI on […]

Telecom Sector Draws Foreign Investment

YANGON — The Telecommunications sector has become the top destination for foreign investment under the National League for Democracy (NLD) government, according to the Directorate of Investment and Company Administration (DICA). “Under the previous governments, most of the foreign investments went to the energy and electricity sectors. But foreign investment in the telecommunications sector has […]

Tender for Reconstruction of Flood-Affected Schools. Closing Date 9 Aug 2017

Subscribe to our tender alert mailing list The Government of Japan and the Government of the Republic of the Union of Myanmar signed the Exchange of Notes dated February 17th, 2016, concerning the Japanese grant assistance for the Project for the Reconstruction of Flood-Affected Schools. Japan International Cooperation System (JICS) is acting as the procurement […]

How does mining benefit Myanmar?

Author: Jan Dharmabandu is a mining engineer and a Chartered Environmentalist attached to Perth based Ensys Consultants. This article originally appeared in the Global New Light of Myanmar on 30th May 2017 as “What is & Why Mining: a Perspective from Myanmar”.   Each year about 5 billion tonnes of minerals are mined from the […]

Myanmar’s first electronic bill payment solution launched

2C2P a leading Southeast Asian (SEA) payment services provider, and Myanmar Payment Union (MPU), the national payment network of the Republic of the Union of Myanmar, have launched Myanmar’s first electronic bill payment solution, easyBills according to a media release on 9 June. 2C2P and MPU are providing a non-cash payment option for prepaid phone […]

Marine cargo insurance available

The Myanmar Insurance Business Supervisory Board has announced that it will allow private companies to offer marine cargo insurance. Dr Maung Maung Thein, chairman of the board, said: “Now private insurance companies have got experience we will allow them to deliver new insurance services.” Since its inception, the board has allowed six types of insurance: […]

DRD invites Expressions of Interest for Main Implementation Consultants of ERLIP; Closing Date: March 2nd 2015

Subscribe to our tender alert mailing list REQUEST FOR EXPRESSIONS OF INTEREST Ministry of Livestock, Fisheries and Rural Development (MLFRD), Department of Rural Development (DRD) Enhancing Rural Livelihoods and Incomes Project (ERLIP) – JFPR 9174-MYA (ADB) Assignment Title: Main Implementation Consultants (MIC) The Republic of the Union of Myanmar received a USD 12 million grant […]