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Foreign insurance firms may start operations by April 2019: regulator

Qualified foreign insurance providers will receive licenses to operate in Myanmar by April next year. “I can assure it is happening within the next 16 weeks,” U Thant Sin, Director of the Financial Regulatory Department under the Ministry of Planning and Finance, said during the UK Capital Market and Insurance Conference in Yangon on December […]

Myanmar strikes again at Bawdwin base metals play

ASX-listed Myanmar Metals has announced further spectacular silver and base metal drilling results for its world-class Bawdwin polymetallic deposit in central Myanmar. Results include 23 metres grading 17.3% lead, 9.5% zinc, 1.2% copper and 398g/t silver from 170m down-hole and 31m @ 7.5% lead, 1.9% zinc and 88g/t silver from 62m down-hole. The intercepts are […]

Is country ready for full foreign investment in education?

According to the Directorate of Investment and Company Administration, Singapore, New Zealand, and Australia are interested in investing in Myanmar’s education, with Singapore having conveyed the most willingness. The Myanmar Investment Commission (MIC) has allowed foreigners to make full capital investment in Myanmar, according to notification 7/2018 issued by the MIC on April 20. Thus, […]

Myingyan: Plugging Myanmar’s Power Gap

Sponsors of the $300 million 225MW gas-fired Myingyan IPP project in Myanmar have signed on a $250 million non-recourse DFI-backed loan. The deal is the unrated country’s debut in the internationally banked long-term project finance market and its first non-recourse financing in the power sector. The project was awarded under a 22-year BOT concession to […]

Myanmar urged to address electricity loss

Myanmar’s electricity authorities need to pay more attention to transmission line maintenance to reduce frequent blackouts, experts said last week. “Technical losses need to be urgently addressed and 100-per- cent electrification is crucial to the nation’s growth,” said Andrew Lee, manager of General Electric Myanmar. Electricity would help Myanmar move forward, but frequent blackouts due […]

Technical Advisory And Management Support For Corporatization Of Mpt

Subscribe to our tender alert mailing list REQUEST FOR EXPRESSIONS OF INTEREST (REOI) MYANMAR TELECOMMUNICATIONS SECTOR REFORM PROJECT Credit No.:5353-MM Assignment Title: Technical advisory and management supportfor corporatization of MPT Reference No. (as per Procurement Plan): C 1.4.1 The Government of the Union of Myanmar hasreceived financing from the World Bank toward the cost of […]

Small Scale Miners Unlikely to be Involved in EITI Report

According to an official from the Extractive Industries Transparency Initiatives (EITI) implementation group in Myanmar, small scale mining firms are not likely to be included in the first report of EITI, which aims to promote transparency in the mining sector. U Tin Thit from EITI Myanmar said, “There are weaknesses in record keeping and documents […]