In a move to ensure that Tanintharyi Region’s capital Dawei continues to have electricity, the regional government has invited companies to bid for a new tender to supply electricity to the capital and surrounding area, known as Dawei district. The regional minister for electricity and energy U Aung Thura told The Myanmar Times that the […]
Shrinking demand to eclipse supply issues in tin market
July 17, 2019 by
LONDON – The tin market is under greater pressure from an economic slowdown and falling demand than supply issues, where lower production from countries such as Myanmar is likely to be offset by a new project in central Africa. Tin prices on the London Metal Exchange at around $18 000 a tonne are down 15% […]
Insurance, banking and electricity to see more investor interest
July 17, 2019 by
While the oil and gas industry has the seen the most interest from investors, banking and financial services, telecommunications and the manufacturing industries are expected to be the focus in the years ahead as the country’s economy grows. Data from the Directorate of Investment and Company Administration (DICA) shows that since 2016, the manufacturing industries […]
NPE opens advertising section in Nay Pyi Taw
July 15, 2019 by
The News and Periodicals Enterprise (NPE) has opened their advertising section for Nay Pyi Taw at office No 7 of the Ministry of Information yesterday. The section will accept advertisements to be put in Myanma Alinn, Kyemon, The Global New Light of Myanmar and Myanmar Digital News. Deputy Minister U Aung Hla Tun, Permanent Secretary […]
Competition heats up on Yangon-Shanghai route
July 15, 2019 by
Chinese budget carrier Spring Airlines on Monday commenced scheduled operations at Terminal 1 of the Yangon International Airport (YIA). Spring Airlines will operate direct flights between Yangon and Shanghai using an Airbus A320 aircraft, which has the capacity to carry 186 passengers. The carrier offers flights from YIA four times a week. The move comes […]
Concerns may emerge when Bagan hotels, businesses are forced to move
July 15, 2019 by
On July 6, the United Nations Educational, Scientific and Cultural Organization (UNESCO) designated Bagan as a World Heritage Site, marking Myanmar’s second entry to the list after World Heritage Status was granted to the ancient Pyu cities of Sri Ksetra, Halin and Beikthano in 2014. The ancient city has more than 3500 surviving stupas, temples, […]
Myanmar and Japan to form JV for Hanthawaddy Airport construction
July 15, 2019 by
Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]
No decision made on Malaysian proposal for “Sittwe New City” project
July 15, 2019 by
No decision has been made on a proposal by Gold Coast KTMG Development, a company with Malaysian owners, to develop a new city near Sittwe, capital of Rakhine State, says a senior minister in the state government. “We have not decided on it and there have been no detailed discussions other than the presentation of […]
Local government warns tardy cement plant projects in Myanmar
July 15, 2019 by
Myanmar: U Aung Kyaw Thu, the Hluttaw representative of Mon State Parliament and chairperson of the public budget scrutiny, finance planning and economics matters review committee has warned that cement plant projects granted licenses by the Myanmar Investment Commission (MIC) that have not implemented their plans will not be granted permission to extend their licenses. […]
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