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First flight from Italy to Myanmar arrives tomorrow

An air link between Italy and Myanmar will be established starting tomorrow. Milan-based Neos Spa, an Italian leisure airline, will begin flying the route with a chartered Boeing 767 every Wednesday. The flight will stop over in Phu Quoc, Vietnam before landing at Yangon International Airport. Neos will be the first airline to fly from […]

EU’s withdrawal of GSP not to affect foreign investment flow in Myanmar: official

YANGON, Oct. 28 (Xinhua) — The European Union (EU)’s probable withdrawal of its Generalized Scheme of Preference (GSP) will not impact the foreign investment flow in Myanmar, the official Global New Light of Myanmar quoted an investment administration official as saying Sunday. This will be due to the fact that EU countries have never been […]

Competition among telcos leading to better pricing in Myanmar

After emerging from state-owned monopoly, Myanmar’s telecommunications sector is now a growing market for four competitors: state-owned Myanma Posts and Telecom (MPT), Norway-based Telenor, Qatar-based Oredoo, and MyTel, a partnership of local and foreign entities. The number of mobile-phone users in Myanmar now totals 56.8 million. Of this number MPT has 22 million subscribers, Telenor […]

Puma Energy JV expands $10 mln capital for aviation fuel services in Myanmar

National Energy Puma Aviation Services Company, which is joint venture between Singapore-based Puma Energy and Myanmar Petroleum Products Enterprises under the Ministry of Electricity and Energy, made capital expansion of over US$10.204 million in aviation fuel import, storage and distribution businesses, according to the Directorate of Investment and Company Administration (DICA). “The government holds more […]

Ministry of transport and communications, Myanma railways, Extension of Tender Closing Date: 19 December 2018.

Myanma Railways Extends the Tender Closing Date as follows: Sr No Tender No Description Initial Closing Date & Time Extension Closing Date & Time 1. 16/MR/INDIA (E) 2017-2018 Track Recording Car EM 80 And Small Track Maintenance Machineries 14.11.2018 (14:30) Hr 19.12.2018 (14:30) Hr Managing Director, Myanma Railways Ministry of Transport and Communication, Nay Pyi […]

Plan for Mandalay terminal worries bus owners

Bus operators have expressed reservations about the final design of the Chan Mya Shwe Pyi (Kywel Sel Kan) bus terminal in Mandalay, which is touted as one of the most modern in the country. The final design of the upgrade was submitted last month to the Mandalay City Development Committee (MCDC) by M-Development Corporation Co […]

India, Myanmar sign MoU towards Sittwe Port operationalisation

NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]

Illegal trade takes a heavy toll on country’s economy

Smuggling and illegal trade continue to be a major problems for the country’s economy, says the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). According to the Business Sentiment Survey issued by UMFCCI in May, illegal trade stands at sixth among the top 10 issues hampering the country’s economy. The survey was […]

Fuel-efficient cooking stoves in 22,000 households in Mandalay

Some 22,000 households in Mandalay Region are using fuel-efficient stoves as part of a government effort to reduce the use of firewood and the resulting destruction of forests and mangroves, according to the Mandalay Forestry Department. U Tint Swe, director of the department, said the stove campaign is aimed at addressing the energy shortage in […]

Myanmar draws up agricultural development master plan for Yangon region

Myanmar has drawn up a three-year master plan (2018-2021) for development of agriculture in Yangon region and the plan will soon be implemented, Myanmar News Agency reported Wednesday. It was disclosed by Yangon Region Chief Minister U Phyo Min Thein at a Flower Festival held at the People’s Park Tuesday. Stressing the need for developing […]