Economy to Grow by Seven Percent This Fiscal Year, Observer Group Predicts

RANGOON — Burma’s economy is predicted to grow by at least seven percent in the 2017-18 and 2018-19 fiscal years after growth of six percent last fiscal year, predicted regional observer group ASEAN +3 Macroeconomic Research Office (AMRO). Moderate growth in Burma last fiscal year (6.3 percent) compared to 7.3 percent the year before was […]

Tender to Be Called for Highway Upgrading

The Ministry of Construction will call for international firms to tender for upgrading works on a 40-mile section of the Yangon-Nay Pyi Taw-Mandalay Highway starting at Yangon, the ministry’s Permanent Secretary U Kyaw Lin said on April 10. The upgrading works, which will use an Asia Development Bank’s loan worth US$80 million, will involve expanding […]

Yangon Government Submits Economic Plan to Parliament

​​ An economic plan for 2017-2018, which aims to increase Gross Domestic Product by 8.5% was submitted to the Yangon Region Government by the Minister of Planning and Finance, Myint Thaung. The minister explained that the draft of the plan was designed to match the budget of the Yangon Region. It was drafted together by […]

Invitation for Pre-qualification for Design, Build and Operate (DBO) of Mandalay’s Nankad Lake Waste Water Treatment Plant. Closing Date 28 April 2017.

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The Government of the Republic of The Union of Myanmar Mandalay Region Government Mandalay City Development Committee Mandalay Urban Services Improvement Project Invitation for Prequalification Date: 3rd March ,2017 Specific Procurement Notice Invitation of Prequalification No: MYWW/4.0/01 Contract […]

Yangon new bus system gets moving

The residents of Myanmar’s main commercial city are slowly adjusting to the new transport system, introduced nearly a month ago by the region’s chief minister. “It was chaos to begin with, but now we’re getting used to it,” office worker Mi Mi Chan told Asia Focus as she waited to catch her bus to work […]

Exclusive: Hungry for power, Myanmar bets on hydro in new energy plan

YANGON (Reuters) – Electricity-starved Myanmar is looking to overhaul its long-term power strategy, aiming to hike the planned share of hydropower in its energy mix at the cost of polluting coal as it tries to attract foreign investment. The new democratically-elected government of Aung San Suu Kyi has made job creation one of its top […]

Myanmar’s Mandalay to implement 7-year water treatment plan

YANGON, July 4 (Xinhua) — Myanmar’s second largest city of Mandalay will implement a waste water treatment plan which will start this fiscal year and take seven years to complete, official report said on Monday. The plan will be launched with a loan of 70 trillion kyats (60 million U.S. dollars) from the Asia Development […]

Yangon’s mega traffic jams

The biggest problem in Yangon today is the mega traffic jams the whole commercial city is facing almost every day. Except on the Myanmar New Year Day (on which only the famous pagodas are crowded with a very large number of Buddhist pilgrims) and one or two days afterwards, Yangon streets have become driver-friendly and […]

Support is better than protection, government’s new economic policy

“Our government will not give favour to anyone and there will be no discrimination. We will give all Myanmar nationals equal opportunity.” Union Minister of Planning and Finance Kyaw Win said at a meeting held at Union of Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) on 13 June, the meeting was held for […]

Myanmar’s Mr Clean says he takes ‘red tape road’ to profit

Scaffolding around the 139-year old Burma Railway Headquarters, a red-brick colonial relic at the center of a half billion dollar property development in central Yangon, hasn’t seen much action since the project was announced four years ago. Serge Pun, the 63-year-old project developer and one of Myanmar’s richest men, says his Landmark development – which […]