Import of Diesel to Myanmar, Calling Interested parties.

Numaligarh Refinery Limited (NRL), a Government of India Enterprise, operating a 3 million metric tonnes per annum (60,000 bpd) petroleum refinery is looking for interested parties in Myanmar to import NRL diesel at Tamu, Myanmar and establish a market for its products in the Sagaing region. -Source of supply: Numaligarh Refinery in Assam, India -Distance […]

Ministry of electricity and energy invites sealed bids for Installation of Distribution Lines and Transformers for Sagaing (1), Closing Date: 28 September 2018.

Specific procurement notice Date : 15th August, 2018 Invitation for Bids IDA,Credit No 5727-MM Contract Title Installation of Distribution Lines and Transformers for Sagaing (1) For National Electrification Project Reference No MOEE-NEP/C1-W1/18 1. The Republic of the Union of Myanmar has received financing from the World Bank towards the cost of the National Electrification Project, […]

Ministry of Agriculture, Livestock and Irrigation, Department of Rural Development, National Electrification Project (NEP), Call for Proposal for Mini-Grid Projects, (CFP 3: NEP FY 2018/19),

As for the parties who are interested in submitting proposal for the Mini-Grid Rural Electrification Programmes which will be implemented by the Department of Rural Development in 2018-2019 fiscal years, the request for Technical and Financial Supports is required to be submitted, and the relevant procedures will be explained. • Targeted companies/organizations: • All the […]

Ministry of electricity and energy, Myanma oil and gas enterprise, invitation for open tender, Closing Date: 12 September 2018.

1. Open tenders are invited for supply of the following respective items in United States Dollars and Myanmar Kyats. Sr.No Tender No Description Remark (1) IFB-004(18-19) 100 Ton Travelling Block with Hook (YG90) (1) Set US$ (2) IFB-005(18-19) Rotary Swivel (2) Items US$ (3) IFB-006(18-19) Rotary Table Complete Package for ZJ 50 D Drilling Rig […]

Yangon Stock Exchange sees highest trade in July

July saw the highest trade so far this year at the Yangon Stock Exchange or YSX, according to local media. The value of traded stocks on the YSX last month hit a high of Ks1.23 billion, according to monthly trading data released online by YSX and reported by the Global New Light of Myanmar. While […]

Myanmar Suspends a Show Money Policy for Certain Visitors

A notice was released August 1, suspending the policy requiring that Japanese, Korean and Chinese tourists are to show $1,000 as a proof of funds. This change in policy came after the Ministry of Hotel, and Tourism faced opposition. Even coming from the tourism sector itself. The order was released on July 20, granting a […]

India, Myanmar to relax ‘land’ visa norms

Bid to promote cross-border movement In a major fillip to connectivity between the North-Eastern States and Myanmar, visa norms will be relaxed for land border crossing through Moreh (Manipur) and Tamu (Myanmar) from this month. India and Myanmar signed an agreement in this regard during the visit of External Affairs Minister Sushma Swaraj to Myanmar […]

Investment Agency Says Business Donations to Government Officials Violate Graft Code

YANGON — The Directorate of Investment and Company Administration (DICA) announced on Friday that companies and body corporates are not allowed to donate money either directly or indirectly to ministries or regional government departments, citing the Myanmar Companies Law 2017, to prevent corruption between government bodies and private companies. U Aung Naing Oo, director general […]

Myanmar gold exports could rise to 20 T in 2019 -industry official

KOCHI, India, Aug 4 (Reuters) – Myanmar could export as much as 20 tonnes of gold in 2019 after the Southeast Asian country earlier this year permitted exports of the precious metal for the first time in five decades, a senior industry official said on Saturday. A pick-up in legal exports will reduce the smuggling […]

SolarHome bags more funding to expand into Myanmar, Indonesia and Cambodia

SolarHome, an off-grid solar firm focused on Southeast Asia, has raised US$5 million to date, having recently closed a US$1 million convertible note offering with impact venture capital firm Insitor Impact Asia Fund. The new funding will help SolarHome to extend its network of hubs throughout Myanmar, offer more products and expand into Indonesia and […]