YANGON—A Chinese textile group has submitted a proposal to implement an international textile manufacturing cluster project in a major town in Sagaing Region, an economic hub for Upper Myanmar, at an expected cost of more than US$370 million (493.49 billion kyats). The Ministry of Planning, Finance, and Industry (MOPFI) said China’s Jiangsu province-based Eastern Development […]
Invitation for Expressions of Interest (EOI) for Central Provident Fund Management Information System Development Project ; Deadline : 8th February 2021
January 20, 2021 by
Invitation For Expression Of Interest (EOI) For Central Provident Fund Management Information System (CPFMIS) Development Project Ministry of Planning, Finance and Industry, Pension Department, invites Expressions of Interest from interested IT Solution Providers for Central Provident Fund Management Information System (CPFMIS) Development Project for an expected period of about 1 to 3 years beyond January […]
Myanmar to set up second stock exchange for public companies
September 28, 2020 by
A second stock exchange, or pre-listing board, will be set up for the purpose of trading shares in public companies that have yet to list on the Yangon Stock Exchange (YSX), said U Maung Maung Win, who is Deputy Minister for Planning, Finance, and Industry as well as Chair of the Securities and Exchange Commission […]
Myanmar Micro, Small and Medium Enterprise Survey 2019
August 3, 2020 by
Executive summary The manufacturing sector should be seen as the backbone of Myanmar’s economic development. A well-functioning productive industry has the potential to generate high-quality and poverty-reducing employment, fuel growth through enhanced productivity and improve the opportunities for trade in the globally connected economy of which Myanmar has recently be- come a more active member. […]
Next bidding round for Oil & Gas blocks expected in January, retired official Says
November 1, 2019 by
Myanmar is expected to call the next bidding round in January 2020 after passing the draft oil and gas law, said a retired senior official. Having planned to start the process in the first half of 2019, the government has delayed the international bidding round in order to get the new bill in place. “We […]
A Third of Myanmar’s Population Living in Poverty
December 17, 2017 by
NAYPYITAW — About 32 percent of Myanmar’s 50 million population, or 15.8 million people, are living in poverty, according to an assessment of the 2015 Myanmar Poverty and Living Conditions Survey. The new report, compiled jointly by the Ministry of Planning and Finance and the World Bank, is the second of the two-part Myanmar Poverty Assessment and […]
Yangon Internal Revenue Dept. Sets 10 Percent Lower Property Price
September 1, 2017 by
The Yangon Price Valuation Board of the Internal Revenue Department under the Ministry of Planning and Finance released a new price rate for property, 10 percent lower than last year. This year’s price valuation establishes property to cost K500,000 per square foot, down from K550,000 the previous fiscal year. The Price Valuation Board sets the […]
Crop Insurance System Expected to Launch This Fiscal Year
August 25, 2017 by
A coordination meeting on the introduction of insurance services for farmers and fishers was held at the Union of Myanmar Federation of Chambers of Commerce and Industry in Yangon on August 19. In a Facebook post, Myanmar Rice Federation (MRF) general-secretary Ye Min Aung said: “The nod given by the Myanmar Insurance Business Supervisory Board […]
