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Invitation for Open Tender – Myanma Railways, Deadline: 10th December, 2019

MINISTRY OF TRANSPORT AND COMMUNICATIONS MYANMA RAILWAYS INVITATION TO OPEN TENDER Open Tenders are invited for supply of the following items in Kyat/Euro: Sr No. Tender No Description 1. 12(T)9/MR (CME)/Kyat Procurement for Assembling and Manufacturing of (5) Nos of Microprocessor Controlled 1200 HP Complete Knocked-Down Meter Gauge D.E.L 2. 12(T)10/MR (CME)/Euro Procurement of (5)Sets […]

Green light given for Thai-backed industrial estate near Yangon

The Myanmar Investment Commission (MIC) has approved Thai developer Amata Group’s proposal to develop a smart industrial estate project in Yangon Region. Amata Group is a Thai-listed developer headquartered in Bangkok known for its work on industrial estates. A meeting of the Myanmar Investment Commission on October 21 approved the development and operation of the […]

Myanmar rushes power plant projects to avoid more blackouts

Myanmar’s government is trying to address the country’s worsening power shortage, aiming to add 1,072 megawatts of new electricity generating capacity ahead of elections in late 2020. The move reflects concerns about growing public dissatisfaction over crippling power blackouts and price increases to help fund a string of power plant projects. The energy ministry announced […]

Singapore’s Wilmar opens facilities in Thilawa

Wilmar Myanmar and its partners, National Infrastructure Holdings Co, First Top Group and Riceland International, on Sunday announced the opening of a new flour mill and consumer pack edible oil processing plant in Thilawa Special Economic Zone, Yangon. The mill will have the capacity to produce 530 tonnes of wheat flour per day, while the […]

Myanmar to launch card payment system with buses in Yangon by year-end

Myanmar’s Yangon Bus Service (YBS) will implement a card payment system to replace the present cash box system to facilitate passengers in taking buses by the end of this year. According to the Yangon Region Transport Authority Monday, more than 1,500 buses will get the e-ticketing machines in the initial stage. The Asia Starmar Transport […]

Myanmar, Thailand agree to use kyat, baht for border trade

U Kyaw Kyaw Maung, governor of the Central Bank of Myanmar (CBM) and his Thai counterpart Veerathai Santiprabhob, have signed a memorandum of understanding (MOU) to promote the use of the Myanmar kyat and Thai baht for trading at the border, according to an October 21 statement issued by the Bank of Thailand. The governors […]

Black market fills the gap as drug quotas create shortage of opioids

Low domestic production and strict controls on the import and distribution of opioid medicines has created a shortage of pain-killing drugs, forcing some to turn to the burgeoning black market for relief. A CALM and peaceful atmosphere prevails at the U Hla Tun Hospice, a palliative care facility in Yangon’s East Dagon Township where treatment […]

Bus-ride nightmares

Outside the bus, the midday sun reflected strongly off the tinted windows. Inside was shaded, but also hot with the faintsmell of sweat hanging in the air. The bus was crowded as usual, constraining, U Nyi Nyi’s arms and legs. Struggling for air, he felt dizzy and collapsed. “I got back on my feet thanks […]

Myanmar on the cusp of another revolution – but this time it’s about wine

There’s a reason the world’s best wines are produced in France, California, and the handful of other sun-kissed regions we all know and love. It’s because they’re the only places with the kind of climate, soil and culture needed to grow great vines. Tucked away in the hills of Myanmar’s central uplands, one man is […]

Myanmar conglomerate’s VC arm seeks Indonesian co-investors

UMG Idealab, the venture capital arm of Myanmar trade conglomerate UMG Group, says it seeks potential co-investment opportunities with Indonesian VCs as it begins to explore investing beyond its pre-seed stage expertise. “We are talking to fellow VCs for potential financing collaboration and also to scale up our potential,” said UMG Idealab venture partner Jefry […]