World Bank to Loan $100 Million to Myanmar Financial Development Project

WORLD Bank and government representatives recently signed an agreement for a US$100 million (K134.9 billion) World Bank loan to the Myanmar Financial Development Project in mid-April. The representatives signed the loan for SDR71.700 million, which equals US$100 million, from the World Bank with low interest. Ulrich Zachau, country director, Southeast Asia, East Asia and Pacific […]

Invitation for Bids for Supply, Installation and Commissioning of Server Room IT Equipment & Infrastructure for Treasury Department. Closing Date 21 March 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   1. This Invitation for Bids is for the Supply, Installation and Commissioning of Server Room IT Equipment & Infrastructure for Treasury Department. 2. The Government of the Republic of the Union of Myanmar has received financing from […]

Dealmaking excitement builds over beers in newly opened Myanmar

YANGON (Bloomberg) – A scorching May day in Myanmar calls for beers and loosened neck ties. At newly opened Harry’s Bar in Yangon, investors talk opportunities over draft lagers, jalapeno steak sliders and fries. Several private equity types and company executives are gathered around Ms Jasmine Thazin Aung, an energetic and bubbly Yangon-based executive director at […]

Myanmar welcomes US move to ease more sanctions

YANGON – A US decision to pare back economic sanctions on Myanmar could unclog investment as the country claws its way out of poverty, Aung San Suu Kyi’s civilian government said Wednesday, welcoming the move. Suu Kyi’s party took power in March after clinching a majority at last year’s election, the freest in generations for […]

Myanmar garments to get US boost

Aung Thein, vice president of the Myanmar Industries Association and managing director of Nibban Electronics, welcomed the move, saying it would boost exports to the US and strengthen local industries. Garment factories would reap the most from the decision, he said. “For the time being, some well-known brands like H&M have been making some of […]

U.S. Urges Myanmar Nationals to Work Harder to Get Off Sanctions List

The U.S. is urging Myanmar nationals hit with economic sanctions to work harder to remove themselves from the blacklist, a move that could enable American businesses to access a wider network of contacts in the quickly opening country. The list—administered by the U.S. Treasury department—freezes the assets of around 200 individuals, companies and other entities […]