Hybrid Myanmar: How A Quiet Market Could Leapfrog Traditional Data Centre Players

Political reforms, a growing economy and a speeding adoption of digital services are bringing the once isolated Myanmar out of the shadows. In the new decade, with the arrival of digital, the development of TMT infrastructure is starting to gain pace, but much work is still needed. João Marques Lima investigates. In the heart of […]

Government to collect tax to fund telecoms in rural areas

Funds will be collected from a tax on telecoms operators starting in June to extend the telecommunications network to remote areas of the country that do not yet have access, said an official of the Ministry of Transport and Communications. The Telecommunications Law, section 54 states that the ministry can establish and supervise a Universal […]

Myanmar’s electricity goals depend on ODA

With 5.5 percent annual growth of gross domestic product, Myanmar was one of the fastest growing countries in ASEAN during 2011-2015. The growth of Myanmar’s economy is heavily influenced by the government’s focus on promoting special economic zones among investors.Subject to the implementation of this focus, infrastructure development in energy is vitally important to make […]

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 […]