SMI, Senko’s Myanmar JV Eyes Logistics and Warehousing Services

Singapore-listed Singapore Myanmar Investco Limited (SMI) has entered into a joint venture agreement with Japanese logistics group Senko Co Ltd to provide logistics and warehousing services in Myanmar. The firms will incorporate and operate a Singapore company, SMI-SENKO Logistics Pte Ltd, for this purpose, SMI said in a Singapore Stock Exchange (SGX) filing. According to […]

Department of Rural Development invites open tender for the procurement of motorcycles; Closing Date: Oct 26th, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. SPECIFIC PROCUREMENT NOTICE (PROCUREMENT OF GOODS / WORKS) REPUBLIC OF THE UNION OF MYANMAR NATIONAL COMMUNITY DRIVEN DEVELOPMENT PROJECT- NCDDP Loan No./Credit No./ Grant No.:H-814MM Contract Title: MOTORCYCLES 105cc (LOW CLEARANCE) Reference No. : ICB G 17 (a) […]

Banks need incentive to take grain instead of gold

Two domestic banks have agreed to offer loans backed by commodities, allowing farmers to pledge items like beans and pulses as collateral for access to competitively priced financing for the first time. However, the appeal of warehouse receipt financing may be limited, as capped interest rates mean the lenders have little incentive to take on […]

Damco Launches First Container Freight Station in Myanmar

Third-party logistics provider Damco has started operating the first international warehouse and Container Freight Station (CFS) facility in Myanmar, the Netherlands-based company said. This brand-new 4,000 square metre facility is C-TPAT compliant and located within 15 kilometres from Yangon Port and major industrial locations, Damco said. The facility is suitable for import and export activities […]