Ministry of Electricity: Invitation for Open Tender (15/2018)

POSCO Daewoo has started the second phase of a Myanmar gas field development project, the company announced on June 28. It began to develop eight additional production wells by signing a contract with world-class companies. POSCO Daewoo announced that its president Kim Young-sang signed an engineering, procurement, construction, installation and commissioning (EPCIC) contract with Baker […]

MIC granted permission for 3 foreign investors to engage in automobile sector within this year. The list includes 2 fully foreign investment companies, namely; Daehan Motors Company Limited (Hyundai), Precision Auto Engineering Company Ltd and 1 Joint venture Company called Gold AYA Motors International Group Company Limited. Shwe Daehan company will manufacture both motorcycles and […]

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

Myanmar and Thailand yesterday signed several agreements which further cemented ties between the two countries. These included a bilateral airline agreement, inked at the Myanmar Foreign Minister’s office, as well as a second agreement to improve an existing shrimp breeding zone with the aim of facilitating development in Rakhine State. The airline agreement will replace […]

Amid criticism of the government from the business community over sluggish growth and a lack of economic direction, Mr. Sean Turnell, the economic adviser to Myanmar State Counselor Daw Aung San Suu Kyi, addressed about Myanmar economy in “Myanmar’s Economy 2018: progress, problems, possibilities” seminar. According to him, the main problems include bureaucratic sclerosis across […]

A two-day 2nd B4B Insights Forum hosted by UMFCCI held on 25 and 26 August discussed matters from various sectors; tourism, logistic service, industrial enterprises, motor vehicle business, food chain, garment business on Cutting-Making and Packaging basis, power supply and distribution, health, information technology, exchange rate. Additionally, experts also discussed existing laws, by-laws and policies. […]

Amata Holding Public Company Ltd doing business mainly in hotel and tourism industry has started selling shares worth K2 million to public members. Share sales were held at Sedona Hotel in Yangon on August 26. The company is due to sell shares not only to Myanmar citizens but also to foreigners, said company chairman Win […]

Myanmar National Airlines (MNA) suffers a loss of over Ks-18 billion during three fiscal years after the transformation into the company, according the report by the Joint Public Account Committee findings on the Union Auditor-General’s finding report and comment for 2016-2017 FY. The MNA, which started its operations outside of the Union fund since 2013-2014 […]

French hotel chain Grand Mercure has announced the opening of its first property in Myanmar, in the commercial capital of Yangon. According to an industry report, the Grand Mercure Yangon Golden Empire has 175 rooms, ranging in size from 30 square metre rooms to 340 sqm suites. The new property, which is located in South […]