Myanma Railways Bid Amendments. Closing Date 3 Nov 2016

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Amendment of Invitation for Bids Date: 19th September 2016 Loan Agreement No: MY-P4 dated 5th September, 2014 IFB No: MR/BD/107 The Government of the Republic of the Union of Myanmar has received a loan from Japan International […]

Yangon radar station slated for completion this July

A meteorological radar station is being installed in the compound of the Department of Meteorology and Hydrology in Yangon.  The station is slated for completion this July, according to an official from the department. The radar station in Mayangon Township is expected to be fully established in the middle of this year, said department director […]

Yadana Gas field launches new wells to boost production

The Yadana Gas project has begun drilling more wells in its offshore M-5 and M-6 blocks to keep its level of high production on track until 2020. Union Minister for Energy U Zeya Aung visited the field yesterday, where he assisted with the launch of the new wells. The Yadana Gas project is a joint-venture […]

CBM brings real-time settlement to banks

Myanmar’s banking system has taken another step toward modernisation, courtesy of the Central Bank’s new clearing and settlement system, which will make an “immense difference” to lenders’ day-to-day operations, bankers said. The long-awaited system – built with the help of the Japan International Cooperation Agency (JICA) – went live on January 6, according to an […]

Bank of Tokyo Mitsubishi UFJ (BTMU) gears up for real time settlement in Yangon

Bank of Tokyo Mitsubishi UFJ (BTMU) is preparing the systems at its Yangon branch to be “operational-ready” for the Central Bank’s new settlement system. The Japanese lender, through the Japan International Cooperation Agency (JICA), is working with the Central Bank on its soon-to-be launched Real Time Gross Settlement (RTGS) system, said Go Watanabe, CEO of […]

Gridlock forces new car policies

New car import policies are being considered as the number of vehicles competing for space on Yangon’s archaic road network threatens to get out of hand. The chief of the Yangon Region Government’s car parking analysis group, U Myint Cho, said that urgent action is needed and that the supervisory committee will reconsider existing rules. […]

Myanmar mulls left-hand drive car law

YANGON (AFP) – Myanmar plans to make left-hand drive cars compulsory, state media reported Sunday, causing concern in a country where the vast majority of vehicles remain right-hand drive despite cars driving on the right. The law is an attempt to correct one of the more unusual legacies of decades of junta rule. More than […]

Japanese company to build logistics centre at Thilawa

Japanese company Daizen Myanmar will soon start construction of a logistics hub in Thilawa Special Economic Zone (SEZ). Thilawa, which is around an hour’s drive to the south of Yangon, is to become Myanmar’s first operational SEZ. The 2,400-hectare zone is jointly owned by Myanmar and Japanese public and private sector investors. Daizen Myanmar has […]

Yangon Urban Transport Plan to cost US$24 billion

The Comprehensive Urban Transport Plan of Greater Yangon (YUTRA) will be implemented through a buy-operate-transfer agreement between the city government and private companies, as the government alone cannot afford the cost of the project, according to the Yangon City Development Committee. The Japan International Cooperation Agency (JICA) has conducted surveys to assist in creating Myanmar’s […]

JICA proposes elevated Yangon roads

According to the Yangon City Development Council (YCDC), Japan International Cooperation Agency (JICA) has proposed the building of elevated roads on Wai Zayandar Road to alleviate Yangon’s traffic jams. Toe Aung, deputy chairman of the Department of City Planning and Land Administration, said that elevated roads were the costly mid-term and long-term solution to traffic […]