Myanmar releases new policy for unsolicited project proposals

The Public-Private Partnership (PPP) Center under the Ministry of Planning, Finance, and Industry issued order (1/2020) involving the tender process for unsolicited project proposals without government invitation. The order is issued to facilitate and clarify the process of analysing unsolicited project proposals from private organisations and companies to government departments, a spokesperson for the PPP […]

Govt seeks parliament approval for US$131M loan

The government is seeking approval for a loan of US$131 million from South Korea that will be used to upgrade the country’s natural-gas infrastructure, a senior official says. “The financing is meant to be used for a project to build a pipeline for the Shwe offshore gas field that will connect to the Myanmar-China gas […]

Approval given for €50 million loan for waste-to-energy project in Yangon

The Pyidaungsu Hluttaw (Assembly of the Union) has approved the acceptance of a €50 million loan from Poland to be used for a waste-to-energy project in Yangon. The approval of the loan was granted during the sitting of the assembly on January 31, with 534 votes for and 12 against. The project will be implemented […]

SCB wants Myanmar licence

Siam Commercial Bank is seeking approval from the Central Bank of Myanmar (CBM) to upgrade SCB’s representative office to operate under a bank subsidiary licence in the neighbouring country. The subsidiary model would offer SCB greater opportunities to do banking business in Myanmar, said chief executive Arthid Nanthawitthaya. Among the three options that the CBM […]

Another wait for mine bill

Approval of the Mining Amendment Bill has been delayed again as hluttaw members dispute whether or not some of its provisions are constitutional. The main focus of the current disagreement is whether to grant licences to mining companies for 15 years or 25 years. The bill is an attempt to update legislation that many see […]

Accor hotels set for further expansion

French hotel group Accor is set to expand its Myanmar presence with three budget properties, following its return to the country in 2013. The group will manage two properties in Yangon and one in Bagan under its Ibis brand, according to Accor’s local partner, property developer U Thant Zin Tun, a key member of Myanmar […]

Myanmar-Singapore joint venture to build Thilawa jetty

YANGON – A joint venture company has received government approval to build a jetty and petrol storage tanks at Thilawa port. The Singapore-based Puma Energy Irrawaddy Pte Ltd and Asia Sun Energy from Myanmar have joined hands under Puma Energy Asia Sun. The Myanmar Investment Commission approved the deal during a meeting in Nay Pyi […]

Export Strategy Draft Complete, Awaits Parliamentary Approval

Myanmar’s long-awaited National Export Strategy (NES) has been drafted and is awaiting parliamentary approval, said Daw Thida Win Htay, assistant director of the Department of Export Development. The drafting of the plan, which started in 2012, is a response to the need to increase exports by expanding market access for local producers and products, and […]

Two New Airlines Await OK from Myanmar Investment Body

YANGON — Two new domestic airlines are expecting to get the green light “soon” to begin flying both domestic and regional scheduled routes, according to Win Swe Tun, the director general of Myanmar’s Department of Civil Aviation (DCA). “Both Apex and FMI are waiting for approval from the MIC [Myanmar Investment Commission] to start operating […]

Onshore production sharing deals set to be inked this month

Production sharing contracts for onshore blocks will be signed this month after a half-year delay, according to Ministry of Energy officials. Winners for 16 onshore blocks were announced in October last year, but negotiations on the production sharing contracts necessary for exploration and production to begin have been slow-going, according to an official from the […]