Local consortium to claim Myanmar’s fourth telco licence

Yatanarpon Teleport (YTP) is working with a management committee to form a consortium of local partners, which will bid jointly for Myanmar’s coveted fourth telecommunications operator licence, according to YTP chief executive officer U Shane Thu Aung. After years in which the telecommunications sector was dominated by state-owned monopoly Myanma Posts and Telecommunications (MPT), in […]

Untouched Kabyar Wa beach faces an uncertain future

The salty, humid breeze off the Andaman Sea soughs through the sparse pine trees on the edge of the shore and rolls as far as the clumps of areca palm farms along the ridgeline. The early May sun is high in the cloudless sky, and the waves are placid and slow. Kabyar Wa, arguably one […]

Thilawa SEZ says it has signed up 18 companies so far

Eighteen local and foreign companies have signed deals with the management committee for Thilawa Special Economic Zone to open plants in its first phase, which covers 400 hectares south of Yangon, a member of the committee said. “We have sighed deals with 18 companies, including companies from Cambodia, Hong Kong, Japan, Singapore, Taiwan and the […]

Myanmar to build two dry ports

YANGO — Myanmar has invited local and foreign investors to build the country’s first two dry ports to facilitate shipment of cargo inland, state media reported Sunday. The state-run Myanmar Railways announced plans to develop the projects in the largest city of Yangon, and in the central region of Mandalay, the New Light of Myanmar […]

Myanma Petrochemical Enterprise to invite open tender for Coastal Oil Tankers, River Crafts and Barge; Closing Date: September 25, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Energy Myanma Petrochemical Enterprise Request for Letter of Expression of Interest (LOEI) for Joint Venture Project of Coastal Oil Tankers, River Crafts and Barge 1. The Myanma Petrochemical Enterprise, Ministry of Energy of the Republic of […]

Foreign and Myanmar Citizens Investment Laws to Merge

In an effort to uphold the comprehensive investment agreement reached by ASEAN member states and support the goals of the ASEAN Economic Community (AEC), the Foreign Investment (FIL) and Myanmar Citizens Investment Laws (MCIL) are set to be merged into a single piece of legislation, a senior official said. Since November of 2012, the idea […]

MTE to sell over 5,000 tonnes of hard wood

The state Myanmar Timber Enterprise (MTE) will be selling over 5,000 tonnes of teak, Tamalan and other raw hardwood by the end of June, according to Ministry of Forestry and Environmental Conservation. The foreign transaction and logging department of MTE will announce a bid for over 1,700 tonnes of teak, hardwood, logs and lumber to […]

Construction starts on Japan-Myanmar JV industrial complex in Yangon

The construction of a joint venture industrial complex between Japanese and Myanmar companies started Saturday in Yangon with an official ribbon-cutting and ground-breaking ceremony held at the site. The industrial complex, located inside the Thilawa Sepecial Economic Zone, about 23 kilometers south of the city center of Yangon, is expected to draw businesses involved in […]

Myanmar aims to set up its first stock exchange by 2013

Myanmar government is pushing hard to set up its first stock exchange in order to build up their capital markets. YANGON: Myanmar hopes to set up its first ever stock exchange before the end of this year. It expects Parliament to pass the Security Exchange Law within this month during the current session. Myanmar wants […]