Huawei Extends Cloud Services to Myanmar as Firms Go Digital

<a href=”” target=”_blank”><img src=”” width=”600″ height=”250″ /> </a> YANGON — While the US is pressuring European countries to shun Chinese tech giant Huawei over security concerns, more firms in Myanmar are partnering with the controversial company to use its cloud services during their digital transformations. Huawei provides cloud computing, offering computing power and online storage […]

Forced collection of loans by microfinance firms to face legal action

Microfinance Supervisory Committee (MSC) will take legal action against the microfinance institutions if they forcibly collect loans in the pandemic period, according to the committee’s announcement released on 13 October. The committee also announced that the microfinance businesses should not forcibly collect the loans plus interests when the members’ businesses and income are lower in […]

Myanmar firms slow to adapt to COVID-19 impact, survey shows

Due to COVID-19, the majority of Myanmar firms have experienced lower sales and cash flow shortages, resulting in reduced access to credit needed to support operations, according to the results of a World Bank survey to gauge the firm-level impact of the pandemic, released August 14. The survey included 500 firms spanning a wide range […]

Local energy firms, investors weigh in on solar project tender

Local energy companies are pessimistic about a recent government tender for Myanmar’s biggest solar power project. “There are some tall hurdles for local investors who wish to bid for the tender. The government should also consider local investors for the project but the terms and conditions rule out most Myanmar investors,” said U Kyaw Kyaw […]

Firms invited to bid for upgrade of Yangon-Mandalay expressway

The Ministry of Construction will invite Expressions of Interest from the private sector for the upgrading of the Yangon–Mandalay Expressway, U Han Zaw, Minister of Construction said. The project is one of the 58 national development projects listed in the Myanmar Project Bank. The project involves upgrading the 524 -km expressway, currently the most important […]

Thai, Indian Firms Selected to Supply Power, Gas to Myanmar New City Near Yangon

YANGON—The main developer of a controversial new city slated for construction on the western bank of the Yangon River has selected two foreign companies to supply and distribute electricity and natural to for the project. New Yangon Development Company (NYDC) announced on Tuesday that it has chosen Thailand’s PTT Group, comprising PTT, PTTEP and GPSC, […]

Firms asked to bid for aviation contracts

Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]

Tender for supply and installation of office furniture at Sittwe & Paletwa for the Kaladan Multimodal Transit & Transport Project. Closing Date on 20 July 2017

Subscribe to our tender alert mailing list Bids are invited from the Reputed Myanmar / Indian companies/ firms directly or through their authorized agent for supply and installation of office furniture at Sittwe & Paletwa for the Kaladan Multimodal Transit & Transport Project in Myanmar. The Details of NIT:- Estimated Cost- US$1,00,000/-, E.M.D – US […]

Japanese firms apply to operate in SEZs

Among the international insurance firms that have representative offices in Myanmar, only Japanese firms have applied to operate in special economic zones, according to the supervisory board of Myanma Insurance. Sixteen foreign insurance firms have opened representative offices in Myanmar, but they have not begun operations since regulations have not yet been fully disclosed. “We […]