Lawmaker Complains That Tender Process Isn’t Fair or Transparent

Daw Cho Cho of Ottwin constituency told the Pyidaungsu Hluttaw during its meeting yesterday in Nay Pyi Taw that the government was procuring contracts without public tenders or enough transparency and, as a result, had made unwarranted budget allocations for substandard public works projects. Daw Cho Cho said that many of the companies winning such […]

Myanmar Raises the Bar

The country is opening up its economy to foreign investors. To do so, it is introducing the Myanmar Companies Bill, extending credit and lifting bans to raise confidence in its economy. The latest draft of the Myanmar Companies Bill was submitted to the Amyotha Hluttaw by Deputy Minister for Planning and Finance U Maung Maung […]

Japan Pledges $824m Loan For Five Infrastructure Projects

​​ Myanmar will re­ceive an $824 million soft loan from Japan for five infra­structure development projects, including the upgrade of the Yangon- Mandalay railway and the Yangon Regional Water Supply Project. Deputy Minister for Planning and Finance U Maung Maung Win signed the MoU with the Japanese ambassador to Myanmar, Tateshi Higuchi. The loan will […]

Ministry to allow local and foreign investment forest plantation projects

Approval of the present government will be given to forest plantation projects involving local and foreign investments in forest reserves and protected forest areas, Union Minister for Natural Resources and Environmental Conservation U Ohn Win told Amyotha Hluttaw yesterday. Establishment of private forest plantations have been allowed since 2006-2007 FY for enabling wood-based industries to […]