Local and foreign investments create over 110,000 jobs in 2017-18 FY

Local and foreign investments allowed by Myanmar Investment Commission (MIC) in 2017-18 FY will create over 110,000 job opportunities, according to Directorate of Investment and Companies Administration (DICA). A total of 93,197 domestic workers and 2,508 foreign workers will be employed in 222 foreign investments in this fiscal year. Over 21,500 domestic workers and 467 […]

Department of Highways (DOH): EOI for Flooding and Landslide Emergency Recovery Project (FLERP), Submission Date: 30 April 2018.

IDA Credit 5889-MM Assignment Reference Number: C1-MOC-CSO2 Assignment Title: Environmental and Social Impact Assessment (ESIA) and Resettlement Action Plan(RAP) for the Kalay- Hahka Road Rehabilitation in Chin State The Republic of the Union of Myanmar has received financing from the World Bank towards the cost of the Flooding and Landslide Emergency Recovery Project (FLERP). The […]

Waiting for change at Myanmar’s central bank

Myanmar’s central bank governor Kyaw Kyaw Maung has long been seen as an impediment to reform. But come July, he will be out and a new chief will be in, heralding, it is to be hoped, a new era of change Being a bank in Myanmar isn’t easy, with lenders of all sizes facing insuperable […]

Request for Expression of Interest, International Environmental and Social Safeguards, Individual Consultant, Closing Date: 19 April 2018.

Client: Yangon City Development Committee (YCDC) Country: Republic of the Union of Myanmar Project: Myanmar Southeast Asia Disaster Risk Management Project Loan No. 60800-MM Assignment Title: International Environmental and Social Safeguards Consultant Reference No. (as per Procurement Plan): C4-CS2 The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) […]

A New Harbinger of Good Governance – Myanmar’s Institute of Directors

This week marks the launch of an important market institution – the Myanmar Institute of Directors (MIoD), the first independent, private sector-led organization promoting best corporate governance standards and practices in the country. This is a significant step in Myanmar’s ongoing market reforms and sends a strong signal to the global business community the country’s […]

Myanmar needs urgent reforms as economy’s in the woods

MYANMAR’S economy is still in the woods: The Aung San Suu Kyi-led government has delayed a long-awaited reform to allow foreign companies to purchase stakes of up to 35 per cent in local companies as business confidence has plummeted drastically, while jungle-style “ceasefire capitalism” flourishes in insurgency affected areas. To top it all, there are […]

Company registration fees to halve from April 1, more SMEs expected

Company registration fees for small and medium enterprises (SMEs) will be halved from K500,000 to K250,000 from April 1 onwards, according to a statement issued by the Directorate of Investment and Company Administration (DICA) Tuesday. The latest move comes after DICA, together with the Ministry of Planning and Finance halved company registrations fees for private […]

Anthem Asia raises US$40 to US$50 million for Myanmar SME Venture Fund

Private equity firm Anthem Asia announced recently that it is raising US$40 to US$50 million for its Myanmar SME Venture Fund to support the national and regional expansion of local businesses. Their investment will focus on small and medium enterprises, agribusiness, affordable housing, health, education, as well as climate change mitigation and adaptation. This will […]

Yangon to upgrade public infrastructures, drainage system with World Bank’s loan

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters. The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held […]

Myanmar farmers going against the grain with apps

A free app on farmer San San Hla’s smartphone is her new weapon in the war against the dreaded stem borer moth that blighted her rice paddy in southern Myanmar for the last two years. As she watches her workers haul in this year’s harvest, the 35-year-old is in a triumphant mood, ascribing her victory […]