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Invitation For Open Tender – Myanma Timber Enterprise, Starting Date: 25th, July, 2019

MYANMA TIMBER ENTERPRISE EXPORT MARKETING & MILLING DEPARTMENT INVITATION FOR OPEN TENDER Myanma Timber Enterprise will sell teak & hardwood round logs and swan timbers by open tenders in US dollars. Particulars of the open tender sales are as follows: Date & Time 25-7-2019 (09:00)a.m (Ex-Site/Yangon) Harwood log only 26-7-2019 (09:00)a.m Yangon & Ex-Site teak/hardwood […]

Rice trading center in Shwebo to go public

After opening its fifth outlet in Sagaing Region, Shwebo Rice Trading Center is planning to change its corporate status to public to be on par with other trading centers in Myanmar, U Phyo Thura, vice president of the company, told The Myanmar Times on July 10. This will help elevate the center’s presence in the […]

Huawei and smart Axiata ready to roll out Cambodian 5G

PHNOM PENH—Cambodia’s Smart Axiata said it had begun 5G trials in partnership with China’s Huawei Technologies on Monday and could start rolling out the mobile network by this year. Smart Axiata, part of Malaysia’s Axiata Group Behard, serves half of the 16 million population of the Southeast Asian nation, whose government signed a memorandum of […]

MTSH planning a mall for Thilawa SEZ

Myanmar Thilawa SEZ Holdings (MTSH), a Yangon Stock Exchange listed real estate developer with a focus on developing Special Economic Zones (SEZ), is planning to build a mall in the Thilawa SEZ south of Yangon. MTSH executive director U Thurane Aung declined to say how much the company would be investing as a board decision […]

Judges should make decision reasonably and wisely, winning trust of people: Yangon Chief Minister

Judges should strive to assess cases and give verdicts reasonably and wisely, winning the trust of the people, Yangon Chief Minister U Phyo Min Thein. The move came from the speech of the Yangon Chief Minister to the coordination meeting of regional judicial related departments and organizations regarding judicial strategic plan (2018-2020) held at the […]

Invitation For Bids – Advertisement, Modernization of Public Finance Management Project, Deadline: 30th July, 2019

The Republic of the Union of Myanmar Modernization of Public Finance Management Project ICT: Supply of Software: Lot 1:VMware for DR Site of JPAC, Lot 2:Security for DR Site of JPAC Ref No: MPFMp-JPAC-D1-GS-604 This Invitation for Bids is for ICT supply of software – a total of two packages – Disaster Recovery Site for […]

Issuing more quarry licenses will help govt increase revenue: trade body

The Sagaing Region government will generate more income for development work if it starts issuing more permits to businesses engaged in quarry industry for construction purposes, said U Kyaw Tin, the chairman of the Construction Stone Sellers’ Association, Sagaing Region. “Although the association has been registered since 2018, only 20 per cent of the entrepreneurs […]

Low-cost housing problems at Yuzana

Apartments in the Yuzana housing project, a low-cost residential complex in Yangon’s Dagon Seikkan township, first went on sale to the public in March 2016. The project was developed by the Department of Urban and Housing Development (DUHD). Though apartments at the complex have been available for purchase and rent, many residents have complained about […]

Master plan prepared for Chinese-backed Kachin economic zone: state minister

YANGON—A Kachin State minister said a master plan for a planned, Chinese-backed, model economic zone along the China-Myanmar Economic Corridor has been prepared, and the Myanmar government is engaged in deep discussions with the company for the project’s implementation to avoid further challenges. The Kachin State government and the Yunnan Tengchong Heng Yong Investment Company […]

KB Kookmin Bank interested in expanding Myanmar business

KB Kookmin Bank, one of South Korea’s top four banks, is interested in expanding its presence in Myanmar with more financial products and services, especially in the areas of providing financing for housing and small-and-medium enterprises (SMEs). KB Kookmin’s chief representative in Yangon, Kim Chang-woo, said the bank “is considering expanding its business in Myanmar […]