fbpx

How Myanmar aims to stimulate investment in tourism

Myanmar is looking to capitalise on a recent tourism rebound and stimulate more investment in the sector, following efforts to improve access to credit for smaller operators. On May 6 the first branch of the Myanma Tourism Bank (MTB) opened in Yangon. This is the country’s first bank dedicated to supporting the tourism and hospitality […]

Solar micro-grids and energy access in Myanmar

Villages in Myanmar are taking electricity generation into their own hands, turning to solar micro-grids to power their homes. One of the solar pioneers in the country is Yoma Micro Power. It specialises in solar-powered generation and micro-grid distribution. Each of its 51 micro plants can power a small town and its surrounding areas. By […]

Myanmar’s $400m stock market to open to foreigners

Myanmar will allow direct foreign ownership of shares at the Yangon Stock Exchange (YSX), a move designed to throw a lifeline to the country’s only bourse. In a notice on Friday, the regulator, the Securities and Exchange Commission of Myanmar, said foreign individuals and locally-registered entities would be allowed to invest in listed shares of […]

Myanmar bourse seeks shot in the arm from overseas investors

YANGON — Myanmar will let foreign individuals and companies invest in the Yangon Stock Exchange, looking to breathe new life into the nation’s lone bourse. The Southeast Asian country’s Securities and Exchange Commission issued the notice on Friday. Foreign investors will be permitted to hold stakes totaling up to 35% in companies trading in Yangon. […]

Tanintharyi calls for tender to supply Dawei with power

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

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

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 […]

7 companies have expressed interest in Mandalay palace restoration

MANDALAY—Seven companies have submitted expressions of interest (EOI) to develop Mandalay Palace, the last royal palace of the last Burmese monarchy, as a historical park, according to the Mandalay regional government. EOIs were invited for submission beginning June 17 and the regional government received seven EOI applications through the first week of July. The deadline […]

Yazagyo Dam resumes power generation, starts supplying to national grid

The Yazagyo Dam, which received reduced water supply from the Nerinjara River this summer and was in danger of drying up, resumed power generation at its 2MW plant and began supplying electricity to the national grid on 9 July according to Staff officer U Myo Tun, incharge of the dam. The dam, located in the […]

New Shenzhen-Nay Pyi Taw flight launched

Dong Hai Airlines has launched a direct B738 route between Shenzhen and Nay Pyi Taw. The flight commenced operations yesterday and will run twice a week, according to Pioneer Aerodrome Services Company, which operates the Nay Pyi Taw International Airport. Dong Hai Airlines directly connects Myanmar’s capital to its second international destination. A number of […]