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Invitation for Bids – ACSR Conductor for National Electrification Project, Deadline: 1st November, 2019

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR NATIONAL ELECTRIFICATION PROJECT SPECIFIC PROCUREMENT NOTICE INVITATION FOR BIDS IDA Credit No.:_5727-MM Date: 17th September, 2019 Contract Title: ACSR Conductor for National Electrification Project Reference No. : MOEE-NEP-P2/C1-G4/19 The Ministry of Electricity and Energy has received financing from the World Bank towards the cost of […]

Invitation for Bids – Concrete Poles for National Electrification Project, Deadline: 30th October, 2019

THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR NATIONAL ELECTRIFICATION PROJECT INVITATION FOR BIDS SPECIFIC PROCUREMENT NOTICE IDA Credit No.:_5727-MM Date: 16th September 2019 Contract Title: Concrete Poles for National Electrification Project Reference No. ICB: MOEE-NEP-P2/C1-G8/19 The Ministry of Electricity and Energy has received financing from the World Bank towards the cost of […]

NZMCC – Meeting of the Minds Forum, 26 Sep 2019

We are delighted to announce our next event on Thursday 26 September, ‘Meeting of the Minds’ – Experts discuss Myanmar’s Economic Performance and Outlook. What are the pressing issues in the villages and towns, in the international investment community, for commercial people on the ground? This event will be a panel discussion with experts deeply familiar […]

Myanmar appoints ex-world bank economist deputy minister

The Myanmar President’s Office on Thursday appointed former World Bank economist and poverty specialist Dr. Min Ye Paing Hein as deputy industry minister. Among his responsibilities will be promoting private investment in state-owned enterprises to make them commercially viable. Aged 41, the holder of a PhD from a US university will be the youngest minister […]

Invitation for Bid, National Electrification Project, Deadline: 26th September, 2019

MINISTRY OF ELECTRICITY AND ENERGY THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR NATIONAL ELECTRIFICATION PROJECT SPECIFIC PROCUREMENT NOTICE Invitation for Bids IDA Credit No.:_5727-MM Date: 14th August 2019 Contract Title: Steel Parts for 11kV Distribution Line and Transformer Station for National Electrification Project Reference No. : MOEE-NEP-P2/C1-G7/19 The Ministry of Electricity and […]

Solar power shines in Myanmar

Myanmar’s launch of its first commercial solar plant last month is a step in the right direction for a country that has yet to provide more than half of its citizens with proper access to electricity. Constructed on over 836 acres of land, an area equivalent to almost 530 football fields, the Minbu Solar Power […]

World Bank warns Myanmar to double electricity sector investment

YANGON — Myanmar needs to invest twice as much and implement projects three times faster to address its rapidly growing demand for electricity, the World Bank said. The figures presented in its Myanmar Economic Monitor, a biannual report released on Tuesday, indicated that Myanmar’s electricity supply will further deteriorate without a steep increase in investment […]

IFC takes stake in Yoma Bank in first for Myanmar

Yoma Bank has become Myanmar’s first commercial lender with a foreign stakeholder following a decision by the International Finance Corporation (IFC) to convert a US$5 million loan into a five percent equity shareholding. The IFC, the investment arm of the World Bank Group, provided the convertible loan package to Yoma Bank in 2014 to help […]

Daung Capital, doing well by doing good: Startup Stories

Myanmar has been grappling with poverty for decades. The country was classified as a “least developed country” by the United Nations in 1987 and remains so now. In 2015, the World Bank estimated Myanmar’s poverty rate to be 32%. While there has been some economic progress, particularly seen in the oft-shifting skyline of Yangon, approximately […]

City development takes time

Even a light shower can flood the streets in Yangon. Aside from the drainage, residents also face issues with power shortages, broken pavements, traffic jams, poor waste management, homelessness and stray dogs – to name but a few. These urban woes are not specific to Yangon, but cities across the country are dealing with a […]