No green light for Yangon New City Project

Yangon Region Minister for Forestry and Energy Kyaw Soe yesterday denied a rumour that the regional government granted a permit for the Yangon New City Project to Myanmar Saytanar Myothit Public Company. “We have not given the green light to any company. It is under scrutiny. The rumour is untrue,” he said. Many areas in […]

Invitation for Myanmar Company to submit Proposal for the 4th Telecommunication License. Closing Date 24 August 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Republic of the Union of Myanmar Ministry of Communication and Information Technology (MCIT) Invitation for Myanmar Company to submit Proposal for the 4th Telecommunication License   To develop the Information, Communication and Telecommunication (ICT) market in Myanmar the […]

Public company formed for Kyaukphyu SEZ project

SITTWE—A public company comprised of 11 Myanmar businessmen has been established for the Kyaukphyu Special Economic Zone (SEZ) project, according to local reports. Mya Han, also chairperson of the Fortune International Company in Myanmar, will be acting as chair of the newly formed public company. Nearly US$ 277 million (Ks 269.5 billion) will be spent […]

Myanmar Payment Union Plans to Form Public Company

YANGON — Myanmar’s only card payment system, the Myanmar Payment Union (MPU), plans to become a public company before the end of this year, MPU general secretary Ye Min Oo said on Tuesday. Founded in 2011, MPU’s members include 18 local banks, three of which are state-owned. MPU set up the first ATM card payment […]

Small-Scale Gold Miners Publicly Called Out for Govt Debt

Yangon — A public notice accusing dozens of mining companies of failing to pay a required portion of the gold they produce to government coffers has shed light on what critics say is a burdensome requirement that is taxing Burma’s gold miners out of business. The Ministry of Mines published the notice in state-run newspapers […]

Myanmar Thilawa JV company to sell shares to public soon

A Myanmar public company, which is one of the two Myanmar companies formed in joint venture with two Japanese counterparts to develop the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, will sell its shares to the public soon, official media reported Friday without specifying the date of the move. Two Myanmar companies […]

Yatanapon Teleport Plc to raise $1bn capital

Yatanapon Teleport is planing to raise a total capital of Ks 1 trillion (over US$1 billion) as it switched from a wholly state-owned enterprise to the public company, said a source close to the company. Yatanapon Teleport is one of the two local rivals against the two foreign mobile operators in Myanmar_ Norway’s Telenor and […]