Sampath Bank funds mega hotel development project in Myanmar

Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar. This loan marks yet another giant stride in the steady rise of the Bank’s off-shore […]

Fuel Importers Submit Proposal for Deep-Sea Port in Yangon

Representatives of the oil and gas in­dustry have sub­mitted a business propos­al to the government to a build a deep-sea port near Yangon. “We are studying the potential logistics and feasibility of a deep-sea port project 20 miles from Yangon to reduce transportation costs for maritime trade and fuel imports,” Dr Win Myint, Secretary of […]

Nationwide survey launched to draft business environment index

The San Francisco-headquartered Asia Foundation (TAF) and the UK-funded DaNa Facility have launched a three-year nationwide program to improve sub-national business environment. The program is funded by the UK Department for International Development (DFID) and implemented by DAI Europe, a London-based international development company. DFID provided £25 million (K43.9 billion) to fund DaNa, which supports […]

International Consultant Lead Researcher – Rakhine Joint Assessment. Closing Date: 18 July 2017

Subscribe to our tender alert mailing list Country : MYANMAR Description of the assignment : Lead Researcher – Rakhine Joint Assessment Period of assignment/services : 43 Working days Duty Station : Yangon and Sittwe (with possible domestic travel in Rakhine State and to Nay Pyi Taw) Type of Contract : International Consultant (Individual Contract) Proposal […]

Yangon new bus system gets moving

The residents of Myanmar’s main commercial city are slowly adjusting to the new transport system, introduced nearly a month ago by the region’s chief minister. “It was chaos to begin with, but now we’re getting used to it,” office worker Mi Mi Chan told Asia Focus as she waited to catch her bus to work […]

Rewrite of Companies Act still in process, ADB says

US law firm Baker & McKenzie joins process of amending century-old legislation seen as key to making it easier to do business in Myanmar The update of the century-old Burma Companies Act is still in process, more than a year after the Ministry of National Planning and Economic Development said the 1914 piece of legislation […]

Environmental Impact Study on Thilawa 2nd Phase Due in October

YANGON — Consultants for the Japan-backed Thilawa Special Economic Zone (SEZ) being built near Yangon said that they expect to release the findings of an environmental impact assessment (EIA) of the project’s 2,000-hectare second phase in October. Environmental Resources Management Japan and Burmese company E-Guard Environmental Services are conducting the Strategic Environmental Assessment, which is […]

Yangon industrial complex on way

YANGON – Construction on a joint venture industrial complex between Japanese and Myanmar companies has gotten under way in Yangon with an official ribbon-cutting and groundbreaking ceremony. Upon completion in 2015, the industrial complex in the Thilawa Special Economic Zone, about 20 km south of central Yangon, is expected to draw businesses involved in apparel, […]

Construction starts on Japan-Myanmar JV industrial complex in Yangon

The construction of a joint venture industrial complex between Japanese and Myanmar companies started Saturday in Yangon with an official ribbon-cutting and ground-breaking ceremony held at the site. The industrial complex, located inside the Thilawa Sepecial Economic Zone, about 23 kilometers south of the city center of Yangon, is expected to draw businesses involved in […]