Ministry to solicit EOI for border economic zones

The government is moving ahead with plans to develop three areas along the Myanmar-China border as economic zones, Deputy Commerce Minister U Aung Htoo said. The plan to develop the border economic zones is one of five agreements signed during State Counsellor Daw Aung San Suu Kyi’s visit to China last year. In July, the […]

Government seeks parliament nod on forming new ministry

President U Win Myint on Tuesday informed the Pyidaungsu Hluttaw (bicameral parliament) about a plan to establish a Ministry of Investment and Foreign Economic Relations to oversee overseas assistance. “To aid national economic development, the ministry will supervise assistance and aid provided by the UN, international organisations, and the international community in line with the […]

Life After Wristwatches: Two Brothers Run Rival Hotel Chains Under the Same Corporate Umbrella

Girish Jhunjhnuwala had one of those life-changing light bulb moments on a busy street in his hometown of Hong Kong. He watched as a pedestrian asked a man passing by for the time. The man pulled out a mobile phone, which was not yet ubiquitous back in the 1990s. Just like that, he recalls, “I […]

New investment-related ministry to be announced

The National League for Democracy-led government is going to add one more ministry soon which is likely to deal with investment matters. The name of the new ministry and its responsibilities will be explained by a union minister during the parliament session today, according to the agenda of the Pyidaungsu Hluttaw. The Myanmar Times tried […]

Myanmar-Singapore joint venture increases capital in aviation fuel import

A Myanmar-Singapore joint venture company has increased its capital injection by 10.2 million U.S. dollars in aviation fuel import, storage and distribution businesses, Xinhua has reported. The National Energy Puma Aviation Services Company is shared by state-owned Myanmar Petroleum Products Enterprises and Singapore-based Puma Energy with the Myanmar enterprise company holding more stake. With an […]

Businesses positive over growth prospects

Mandalay is poised to become the second-largest hub for growth after Yangon, the city’s chief minister Dr Zaw Myint Maung said at the Mandalay Business Forum held over the weekend. Dr Zaw Myint Maung highlighted the region’s vast, unoccupied land, which is ripe for investments and assured investors of looser regulations that will enable them […]

Invitation To Open Tender, Department of Medical Services, Submission Date: 19 Nov 2018 to 20 Dec 2018

Sealed tenders are invited by Department of Medical Services, Ministry of Health and Sports for the supply of Medical Equipments in the (2018-2019) Budget year. Tender documents are available during office hours at the Procurement and Supplying Division, Department of Medical Services office No (4), Ministry of Health and Sports Commencing from (19.11.2018). Sealed bids […]

Invitation For Price Quotations for Printing of Rural Water Supply and Sanitation Program , Dead line 23 November 2018

Invitation For Price Quotations, Dead line 23 November 2018   The Republic of the Union of Myanmar has received financing from the United Nations Children’s Fund (UNICEF) towards the cost of the Printing of Rural WASH Strategy and Investment Plan.The Department of Rural Development (DRD) of the Ministry of Agriculture, Livestock and Irrigation, intends to […]

SMA to supply inverters to 50MW solar plant in Myanmar

Share SMA Solar Technology is to deliver equipment including inverters to a 50MW solar project in Minbu, Myanmar. The German firm will supply its Power Station 2000SC, a turnkey system solution equipped with two Sunny Central 1000SC-XT inverters and a medium voltage solution for the grid connection. The plant, 500km northwest from Yangon, will go […]

The EU’s Tariff Threats Against Asia’s Autocrats Risk Backfiring

The European Union is threatening to slap tariffs on Asian leaders who abuse their power, a move that risks upending several key garment-producing nations in the region. Last month, the EU told Cambodia it would start the process of withdrawing tariff-free access for most goods under the “Everything But Arms” initiative, saying its July election […]