Myanmar Economic Bank

Myanmar Appeals to Public to Help Fund Purchase of COVID-19 Vaccines

January 7, 2021 by Thiha

YANGON—Myanmar is seeking donations from the public to supplement an initial US$251 million (331.28 billion kyats) earmarked by the government to fund the purchase of COVID-19 vaccines, according to the Ministry of Planning, Finance and Industry (MOPFI). On Tuesday, the MOPFI said in a statement that the Fund Management Sub-committee on the Purchase of COVID-19 […]

Filed Under: Latest News Tagged With: COVID-19 vaccines, MoPFI, Myanmar Economic Bank

Shrouded in secrecy, SOE profits are not financing country’s development

July 20, 2018 by Thiha

Reallocation of excess savings from Myanmar Gems Enterprise (MGE) and Myanma Oil and Gas Enterprise (MOGE) alone could provide more than K2.8 trillion in available financing for the government’s budget in the fiscal year starting from October, on top of covering expenses of the two state-owned enterprises. The government has lost more than US$2 billion […]

Filed Under: Latest News Tagged With: Andrew Bauer, education, Exchange Rate, Finance Ministry, healthcare, hluttaw, MEB, MGE, moge, Myanma Oil and Gas Enterprise, Myanmar Economic Bank, Myanmar Gems Enterprise, national currency, Natural Resource Enterprises, Natural Resource Governance Institute, Nay Pyi Taw, NRGI consultant, public service providers, SEE, social services, SOEs, State Owned Economic Enterprises Law, State-Owned Enterprises, Tax collectors, Treasury, Union budget, Yangon-based Renaissance Institute

Ministry of Education, Invitation for Bids, Submission Dateline 26 June 2018.

May 28, 2018 by Thiha

Date: 25 May 2018 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA3472/EYE/NCB/Goods/ CBMSC/Furniture/02 Deadline for Submission of Bids: 26 June 2018 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project (EYE). Part of […]

Filed Under: Tenders & Awards Tagged With: ADB, Asian Development Bank, Bidding Documents, Department of Education Research - Planning & Training, Equipping Youth for Employment Project, eye, EYE Project Management Unit, File Shelf, Individual Lockers, Lab Chair, Mawlamyine GTHS, Ministry of Education, Myanmar, Myanmar Economic Bank, Nay Pyi Taw, Near Bank Zone, Officer Desk, Pathein GTHS, Pha-An GTHS, PMU, Stand White Board, Swivel Chair, Taungoo GTHS, Teacher Desk, Thiri Kyaw Swa Street, Toolbox Lockers, Waibarrgi GTHS, Workbench/Lab Table, Zabu Thiri township

Ministry of Education, Invitation for Bids to Supply Furniture, Closing Date: 15 June 2018.

May 16, 2018 by Thiha

Date: 16 May 2018 Loan/Grant No. and Title: MYA 3472 – Equipping Youth for Employment Contract No. and Title: MYA 3472/EYE/NCB/Goods/ CBMSC/ Dorms-Furniture/01 Deadline for Submission of Bids: 15 June 2018 1. The Government of Myanmar has received financing from the Asian Development Bank (ADB) towards the cost of Equipping Youth for Employment Project […]

Filed Under: Tenders & Awards Tagged With: ADB, Asian Development Bank, Aung San GTHS, Bed Sheets, Bid Security, Bunk Beds, Department of Education Research - Planning & Training, Employment, Equipping Youth for Employment Project, eye, EYE Project Management Unit, invitation for bids, Kale GTHS, Lashio GTHS, Lockable Cabinet, Lockable Cupboard, Long Table, Magway ITC, Mandalay GTHS, Mandalay ITC, Mawlamyine GTHS, Meikhhila GTHS, Ministry of Education, Monywar GTHS, Myanmar Economic Bank, Nay Pyi Taw GTHS, Naypyitaw, Near Bank Zone, Pakkoku ITC, Pathein GTHS, Pha-An GTHS, Plastic Chairs, PMU, Single Bed Mattress, Single Bed Mosquito Nets, Single Beds, Single Iron Box, Taungoo GTHS, Tha Ga Ya ITC, Thiri Kyaw Swa Street, Waibarrgi GTHS, Zabu Thiri township

Myanmar insurance industry poised for reform, awaits liberalisation

April 19, 2018 by Thiha

Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]

Filed Under: Latest News Tagged With: American International Assurance, Asian Development Bank, banking and insurance products, bond market, budget deficit, Building Management, central bank, Central Bank of Myanmar, Daw Sandar Oo, Dr Aung Tun Thet, EXPORT-IMPORT BANK OF INDIA, financial literacy campaigns, foreign firms, Foreign insurers, government Treasury bonds, Great Eastern Life Insurance, gross written premiums, GWP, Health Insurance, insurance firms, insurance products, Insurance providers, insurance sector, IT systems, local insurance providers, local players, Managing Director, Market Outreach Programme, Member, Mitsui Sumitomo Insurance, Myanma Insurance, Myanmar Economic Bank, Myanmar insurance industry, Myanmar investment commission, OBG, Oxford Business Group, Private Firms, Private Insurance Companies, Regulatory Framework, senior economist, state-owned Myanma Insurance, training staff

MADB to help fuel growth across entire agriculture supply chain

April 19, 2018 by Thiha

Attempts will be made to lower interest rates at the Myanmar Agricultural Development Bank (MADB) so that it is able to support the entire agriculture supply chain, according to U Kyaw Win, Union Minister for Planning and Finance. He said that in the 50 years during which MADB has provided loans to farmers, the sector […]

Filed Under: Latest News Tagged With: agricultural sector development, coffee business supply chain, coffee processor, KBZ BAnk, Loan, Lower Interest Rates, MADB, Magwe Region, mandalay, Mandalay Coffee Group, Ministry of Agriculture Livestock and Irrigation, Ministry of Planning and Finance, Myanmar Agricultural Development Bank, Myanmar Economic Bank, NGO ActionAid, Pakokku, Planning and Finance, private sector, U Kyaw Win, Union Minister, Yoma Bank

Nationwide expansion to drive Wave Money’s growth

March 23, 2018 by Thiha

Though 80 per cent of the population remains unserved by Myanmar’s banking system, Wave Money aims to enjoy much higher growth over the next few years thanks to its continuous expansion of distribution network, said the firm’s top executive. Brad Jones, chief executive officer of Wave Money, said in an exclusive interview the firm has […]

Filed Under: Latest News Tagged With: Automated Teller Machines, bank branches, Brad Jones, CB Bank, Chief Executive Officer, Chin State, digital money, Digital Services, Distribution Network, eCommerce, financial system, First Myanmar Investment Co., FMI, FMI City, Global Treasure Bank, kbz, market leader, MEB, mobile financial services, mobile money services, Myanmar Economic Bank, Myanmar’s fintech market, Myeik, Myitkyina, Singapore-listed Yoma Strategic Holdings Ltd, Singaporean investors, telecom operators and banks, Telenor Myanmar, Top-up, transfer money, Wave Money, Wave Money’s growth, Yoma Bank, YSH

Private banks loan Ks 868.733 bln to SMEs

March 23, 2018 by thiha

Until December, 2017, private banks have granted a Ks 319.228 billion loan to the agricultural and livestock sector and Ks 868.733 billion to small and medium-sized enterprises, said Soe Thein, Vice-governor of the Central Bank of Myanmar. MP Kyaw Htwe representing Yangon Region Constituency-8, raised a question on the policies set for the establishment of […]

Filed Under: Latest News Tagged With: Ayeyarwady Bank, Central Bank of Myanmar, Co-operative Bank, Credit Guarantee Insurance (CGI) system, JICA loans, Kanbawza Bank, Ministry of Industry, Ministry of Planning and Finance, Myanmar Apex Bank, Myanmar Citizens Bank, Myanmar Economic Bank, Myanmar Insurance, Small and Medium Industrial Development Bank, Vice-governor Soe Thein

Government Commits to Long Term Aquaculture Development; Starts Dialogue on Issues

February 9, 2018 by thiha

Myanmar has taken its first major step towards developing a sustainable aquaculture industry that will meet domestic dietary needs and support the country’s fishery exports business at a time when wild fish stocks are declining rapidly. “The fisheries sector is one of the most important for our ministry, contributing to the protein needs of our […]

Filed Under: Latest News Tagged With: Bangladesh, CESD, Coastal States of Ayeyarwady, Cyclone Nargis, Department of Agriculture, Department of Agriculture Land Management, Department of Fisheries, DoF, DoF Director General U Khin Maung Maw, Dr Aung Thu, Dr Kyaw Tun Myint, EU Ambassador to Myanmar, Europe, Executive Director at the Centre for Economic, irrigation, Kristian Schmidt, Livestock, MADB, MEB, Middle East, Myanmar Agriculture Development Bank, Myanmar Economic Bank, Myanmar National Economic Policy, MYSAP, MYSAP Launch, NADP, National Aquaculture Development Plan, Nay Pyi Taw, rakhine, social development, Statistics, Thailand, The Myanmar Times, U Zaw Oo, Union Minister of the Ministry of Agriculture, United Nations, us, Vice President of the Myanmar Fisheries Federation, Vietnam

Invitation for Bids for Myanmar National Electrification Project. Closing Date 30 Dec 2016

November 16, 2016 by thiha

Subscribe to our tender alert mailing list THE GOVERNMENT OF THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF ELECTRICITY AND ENERGY NATIONAL ELECTRIFICATION PROJECT Date 14th November, 2016 SPECIFIC PROCUREMENT NOTICE IDA Credit No. 5727-MM Contract Title Distribution Transformer for National Electrification Project Reference No. C1-G1 The Ministry of Electricity and […]

Filed Under: Tenders & Awards Tagged With: Bids, Director General Department of Electric Power Planning Ministry of Electricity and Energy, Electricity Supply Enterprise, IBRD Loans, IDA Credits & Grants, Ministry of Electricity and Energy, Ms. Xiaoping Wang, Myanmar, Myanmar Economic Bank, Nay Pyi Taw, Task Team Leader, Works and Non-Consulting Services, World Bank