Myanma Economic Bank မြန်မာ့စီးပွားရေးဘဏ်

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Invitation for Bids

The Republic of the Union of Myanmar

Modernization of Public Finance Management

Supply of Routers for Myanma Economic Bank

Ref No:  MPFMp-C2-GS550

  1. This Invitation for Bids is for the Supply of Routers, Qty 63 nos, for the Myanma Economic Bank.
  2. The Government of the Republic of the Union of Myanmar has received financing towards the cost of Modernization of Public Finance Management Project (MPFMp) and it intends to apply part of the proceeds to payments under the agreement(s) resulting from this Invitation for Quotation.
  3. The Myanma Economic Bank serves as an implementing agency for the project now invites sealed bids from eligible Bidders for the Supply of Routers.
  4. Bidders are required to meet the following minimum key qualification criteria and shall furnish documentary evidence that it meets the following requirement(s):
    1. Have completed within the last 3 years at least one contract of a similar nature of at least 50% of the value of the bid for the lot or have sold similar goods of at least twice the volume /quantity required for the lot. For combined award of both the lots, the aggregate experience in value or volume will be applied.
    2. Have authorization or dealership from the manufacturer to sell the goods
    3. Have shops or offices in Myanmar to provide after sales services
    4. Demonstrate that they are paying taxes to the Government.
    5. Not be under any notice of suspension or debarment issued by the Government, or the World Bank
  5. Bids must be delivered to the address given below at or before 2 p.m. of 20 December 2018. Late bids will be rejected. Bids will be opened in public immediately thereafter at the address given below in the presence of the Bidders’ representatives and the project’s beneficiaries who choose to attend shall be allowed to be present in person.
  6. The Purchaser shall award the Contract to the Bidder whose offer has been determined to be the lowest evaluated bid and is substantially responsive to the Bidding Documents, provided further that the Bidder is determined to be qualified to perform the Contract satisfactorily.
  7. All bids must be accompanied by a bid securing declaration as described in the bidding documents, any bid not accompanied by one will be rejected as non-compliant.
  8. The address where the document may be inspected and obtained is:

Modernization of Public Finance Management Project

Office Building No.26, Nay Pyi Taw

Email: [email protected], [email protected], [email protected]

Telephone: 067-410575, 067-591414, Fax: 067-410575

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Invitation Letter for JICA SME Two-Step Loan Seminar (2)

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Notification of Disbursement of Medium-term Loan from MEB to SMEs

The Government is encouraging development of agricultural and livestock breeding enterprises, small and medium enterprises and construction companies in accord with national economic policies. In doing so, assistance will be provided for acquisition of capital needed for the enterprise in accord with the prescribed rules and regulations. Accordingly, the State-owned Myanma Economic Bank (MEB) will disburse loans to entrepreneurs who are actually running the businesses and in need of capital investments under the special programme.

Loan disbursement programmes are as follows:

Sector Business Sector to Disburse Interest rate Periods
Agriculture
  1. Agriculture
  2. Livestock breeding
  3.  Agriculture and livestock breeding and related enterprises
Disbursement via MADB 8.5 % from MEB to MADB, 9% from MADB to entrepreneurs From 3 to 5 years
Small and Medium Enterprises Sector
  1. Industries
  2. Trading
  3. Export products enterprise
  4. Import substitute product enterprises
  5. Recycling and Energy Saving enterprises
  6. Technology-based enterprises and services
Direct disbursement from MEB 9% From 3 to 5 years
Construction Sector
  1. Construction
  2. Construction materials production enterprises
Disbursement via CHDB MEB will give loans to CHDB at 9% interest rate, and CHDB will disburse loans to SMEs at 11% interest rate From 3 to 5 years

Those desirous of borrowing loans in respective sectors are to comply with the restrictions designated by the bank. Borrowers can give movable and immovable properties as surety for the loan. Arrangements have been made for those who cannot afford to pay surety and those who do not have adequate amount of money for surety to be able to link with loan insurance organizations. Entrepreneurs who would like to apply for getting loans can receive detailed information at the nearest branches of the MEB, Myanma Agricultural Development Bank (MADB) and Construction and Housing Estate Development (CHDB) Bank.

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Notification of disbursement of loan to SMEs 

As small and medium-sized enterprise (SMEs) are in the main sector of national economic development, the government is encouraging their development. Accordingly, the State-owned Myanma Economic Bank(MEB) will disburse loans to entrepreneurs who are actually running the businesses and in need of capital investments under this special programme.

Loan eligible enterprises

The businesspersons who want to apply for a loan must be an SME recognized by the Directorate of Industrial Super vision and Inspection (DISI), Ministry of Industry. The MEB will grant loans to export sector business, import-substitute businesses, technical based production businesses, service businesses which directly help economic development, and organizations and individuals that have been recommended by regional, state or union governments. The loans will be disbursed to the SMEs which are eligible in accord with the prescribed rules and regulations.

Interest Rates and Periods

Interest rate is 9 percent, and periods are form 3 to 5 years.

Loan Volume

Maximum loan volume will be Ks (300) million for an individual SME or an organization’s SME, and MEB would grant 50 percent of a loan to SMEs as working capital and the rest as fixed capital.

Collateral

Borrowers can give fixed assets such as land and buildings, movable assets such as machineries, vehicles, gold wares and gold bullion, money, treasury, bills, treasury bonds, stocks, debentures, bank insurance, government insurance and Credit Guarantee Insurance as surety and collateral for the loan. Currently, the loans with the Credit Guarantee Insurance (CGI) will only be disbursed at a maximum of Ks(20)million.

Loan repayment period

For three-year loans, the first year is a grace period and the repayment is in four installments over the last two-year period. For four-year loans, the first one year and six months is a grace period and the repayment is in five installments in the last two and a half year period and for five-year loans, the first two years is a grace period and the repayment is in six installments over the last three-year period.

Loan scrutinising

Regions and States Manager Offices will scrutinise the loans below Ks(100)million and the headquarters of Myanma Economic Bank( MEB) will scrutinise loan applications above Ks(100)million. Businesspersons who would like to apply for a loan can receive detailed information and can apply for the loans at the nearest branches of the Myanma Economic Bank (MEB).