Myanmar GDP Growth to Rebound Despite Rakhine Crisis

YANGON — Myanmar’s economy is set to recover despite a humanitarian crisis in Rakhine State, while the ruling National League for Democracy — two years after it won its historic election victory — finally prepares a comprehensive plan for economic development. Sean Turnell, special economic consultant to State Counselor Aung San Suu Kyi, told the Nikkei […]

With Myanmar’s Economic Future Looking Promising, AYA Bank Seeks Foreign Investors

Myanmar’s economy is one of the fastest-growing and most promising in Asia. Its dynamic business environment, along with its strong infrastructure, communications sector and flourishing consumer lifestyle have been key to the country’s development so far. Although Myanmar’s economic growth has slowed to 6.5 percent in 2016-17 from 7.3 percent in the previous year, projections […]

Myanmar Looks to Strong Inflow of FDI

THOUGH MYANMAR is one of the lowest-ranked economies in Asia Pacific region according to the World Bank’s recent report on doing business, the nation maintains its optimism over the inflow of foreign direct investment next year, according to Aung Naing Oo, director-general of the Directorate of Investment and Company Administration and secretary of Myanmar Investment […]

Electric power generation enterprise : EOI for Environmental and Social Impact Assessment (ESIA). Closing Date 14 Dec 2017.

Assignment Title: Preparation of an Environmental and Social Impact Assessment (ESIA) for the New Ywama Power Plant in Yangon Reference No. EPGE-G02/2017 The Government of Myanmar is processing to apply financing from the World Bank toward the cost of the New Ywama Project, and intends to apply part of the proceeds for consulting services. The […]

EOI for Consulting services (firm selection), Myanmar, Closing Date 17 Nov 2017

South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 3 Preparation of Detailed Engineering Designs and Bidding Documents for the seismic retrofitting of 20 buildings in Yangon, and Construction Management and Supervision of the Works. Reference No. C3 CS1 The Government of the Republic of the Union of Myanmar has applied […]

EOI for International procurement specialist, Individual consultant, Closing Date 17 Nov 2017

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 Procurement Specialist Reference No. (as per Procurement Plan): C4-CS1 The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) in the form […]

Off-Grid Electricity Projects Are Starved for Funds

Despite innovative off-grid technology and high-profile initiatives, electrification in sub-Saharan Africa still trails population growth. In 2009 there were 585 million people in the region without power. Five years later, that figure had risen to 632 million, according to the latest International Energy Agency statistics. A first-of-its-kind analysis of the flow of capital, released in […]

National electrification project Invitation for Bids. Closing Date 12 Dec 2017

Date: 23rd October, 2017 Specific Procurement Notice IDA Credit No. : 5727-MM Contract Title: Surge Arrester, Fuse, Transformer Accessories, Medium Voltage Cable & Low Voltage Cable (Accessories) for National Electrification Project Reference No. : C1-G6 1 The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National […]

China-India rivalry warms up in South Asia

For all the bilateral co-operation and warmth within the BRICS and other institutions, the intense China versus India rivalry remains as competitive as ever in South Asia. Being the stronger and more developed country, China generally takes the initiative in the race for regional supremacy and sets the pace. Its latest move, an offer for […]

CBM licensing procedures in the spotlight in Yangon

The Central Bank of Myanmar (CBM) should allow financial organisations including fintech companies to operate only after confirming that their business models are credible and licensed, said MP Daw Sandar Min from Seikgyi Khanaungto township during a Yangon Region Parliament session on October 3. The issue was brought up after fintech company Ok Dollar was […]