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Request for expressions of interest (consulting services – local advisor), Closing Date: 1 June 2018.

The Government of the Republic of the Union of Myanmar has received financing from the International Development Association (IDA) in the form of a loan toward the cost of the South East Asia Disaster Risk Management Project, and intends to apply part of the proceeds to finance the preparation and establishment of SEADRIF, a regional […]

Request for expressions of interest (consulting services – firms selection), Closing Date: 1 June 2018.

MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 1 Review of governance and legal structure of Southeast Asia Disaster Risk Insurance Facility (SEADRIF). Reference No. C1 CS2 The Government of the Republic of the Union of Myanmar has applied for financing from the World Bank toward the cost of […]

US Slaps Sanctions on Myanmar General Over Rohingya Campaign

The United States imposed sanctions Thursday on a Myanmar army chief accused of leading an ethnic cleansing campaign against Rohingya Muslims. Myanmar General Maung Maung Soe was among 52 accused human rights abusers worldwide who are targeted by U.S. Department of Treasury sanctions. Also included was former Gambian President Yahya Jammeh, who the U.S. said […]

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 mailing list   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 the World Bank and a Grant from UK and Australian […]

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 […]