DRD invites Expressions of Interest for International Consultancy Positions of ERLIP; Closing Date: February 20th 2015

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) INTERNATIONAL CONSULTANCY POSITIONS The Republic of the Union of Myanmar received a USD 12 million grant from Japan Fund for Poverty Reduction (JFPR) to implement ERLIP […]

EU chamber pledges to build commercial ties

The European Chamber of Commerce in Myanmar officially opened on December 12, providing a forum for EU businesses to engage with their Myanmar counterparts and government officials. The chamber launches as trade between the 28-member bloc and Myanmar reached 570 million euros (US$710 million) in 2013, a 44 percent increase on the year previous. The […]

Denmark Writes Off $51m Myanmar Debt

Denmark cancelled Myanmar’s debt worth $51 million last week in a string of debt cancellation from Western governments and financial institutions over the last two years, a sign of normalising relations between the West and the once-banished Southeast Asian country. During a visit to Myanmar’s capital Nay Pyi Taw, Danish Minister for Development Cooperation Rasmus […]

Foreign and domestic investors play by same rules: DICA

Burma’s Directorate of Investment and Company Administration (DICA) plans to reform the country’s current investment laws to conform to regional norms, according to DICA director Aung Naing Oo. In light of the passage of a new Foreign Investment Law in 2012, Burma now has two separate laws to govern foreign and domestic enterprises, which is […]

Local banks want partners in order to build capacity

With some foreign banks expected to begin operating in 2014, bankers are increasingly looking to the government and finance organisations to get them up to speed Despite continued efforts on the part of local banks to upgrade services ahead of the anticipated inclusion of foreign competition, bankers claim that they will require outside help in […]

World Bank Injects a Shot of Electrical Power into Myanmar

Foreign investors appear hesitant to jump into Myanmar’s energy sector, given some of the problems faced particularly by Chinese companies and the setback posed by the halt on the US$3.6 billion Myitsone Dam project, plus an unclear investment playing field. But the World Bank is hoping their refurbishing of a gas turbine plant in southern […]

Outdated Myanmar laws restrict foreign firms’ listing in Stock Exchange

Foreign firms will find difficulties to list on the upcoming Myanmar Stock Exchange because of restrictions in the existing laws, Soe Thein, Executive Director of Myanmar Securities Exchange Centre Co Ltd, said. Myanmar is planning to launch a stock exchange by 2015 with technical assistance from Japan. Myanmar parliament is also working on the Security […]