Regional Govt to Build Bridges, Underground Road System

The regional government plans to build bridges and an underground road system to connect Yangon’s older and newer sections, announced Chief Minister Phyo Min Thein on July 11. “Yangon is densely populated, and the regional government plans to expand its area. We plan to build a new town on the opposite side of the Yangon […]

Solar panels light up thousands of homes in Kayin State

Over 11,000 rural households in Kayin (Karen) State are set to newly receive electricity thanks to a long-awaited solar panel program. Under the National Electrification Project (NEP), the World Bank and the Department of Rural Development are installing heavily subsidized solar panels, which were sold to villagers at a fraction of the real cost. The […]

World Bank has committed over $2b in Myanmar as of June

The World Bank is currently supporting 43 active projects in Myanmar, Cambodia and Laos, with commitments of over US$2.7 billion as of June, according to the World Bank’s press statement. Myanmar accounts for over half of the total commitment in the three countries. 13 projects and over $2 billion are in Myanmar, with the remaining […]

Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

World Bank Appoints New Director for Myanmar, Cambodia and Lao PDR

The FINANCIAL — The World Bank has appointed Ellen Goldstein as its new Director for Myanmar, Cambodia and Lao PDR. In this position, she is responsible for strengthening the partnership with client countries while deepening the dialogue on economic reforms aimed at ending extreme poverty and promoting shared prosperity.  For the first time, the World […]

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 […]

Expressions of Interest in Consulting Services for Agricultural Development Support Project. Closing Date 16 June 2017.

The Republic of the Union of Myanmar Agricultural Development Support Project (ADSP) Credit No.: 5624 MM The Republic of the Union of Myanmar is in the process of receiving funds from the World Bank toward the cost of the ADSP Project and intends to apply part of the proceeds for consulting services. The Project Management […]

DKSH to drive Herballines’ sales in Myanmar

DKSH, the leading Market Expansion Services provider with a focus on Asia, has started a partnership with Paradise Products Company Limited, a leading personal care manufacturer from Myanmar, to drive market share of its Herballines brand in its domestic market. Yangon, April 28, 2017 – DKSH Business Unit Consumer Goods, Asia’s leading Market Expansion Services […]

Invitation for Bids (IFB) for supply of ACSR Conductors under National Electrification Project. Closing Date 11 July 2017

Date: 11st May,2017 Specific Procurement Notice IDA Credit No: 5727-MM Contract Title: ACSR Conductors for National Electrification Project Reference No.: C1-G4 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project,and intends to apply part of the proceeds toward payments under the contract […]

Central Bank to approve credit bureau to ease up loan services

For the setting up of a credit bureau, Myanmar Banks Association and a Singapore-based company – which has been operating a credit bureau – have submitted forms to the Central Bank of Myanmar that will allow collaboration between the two organisations, the official said on April 26. On March 31, the Central Bank of Myanmar […]