Business Community: Govt Must Clarify Laws to Secure Investment

​​ RANGOON — Local and international business leaders urged the ruling National League for Democracy (NLD) government to clarify the country’s laws to secure significant foreign investment. The comments were made at a forum on promoting business in Burma at the Sedona Hotel in Rangoon on Thursday organized by international media company Bloomberg and attended […]

BRT Lite Share Sales Re-start

Yangon Public Bus Company – operator of the new Bus Rapid Transit (BRT) Lite bus routes – has started a second round of shares sales, while the government has extended the application deadline for firms interested in rolling out the BRT system city-wide. The government set up Yangon Public Bus Company last year, using a […]

Eyes On Myanmar: Aeon, City Mart And Grab & Go

As Myanmar’s new government accelerates its efforts to open up the country’s economy, it is attracting international brands and retailers. An expanding economy, rising incomes and the new middle class are fueling the growth of modern retail in the country. Aeon store debuted in Yangon Aeon, the first foreign entity to operate retail stores in the […]

7 Potential Developers named for Yangon Railways Station Area Comprehensive Development Project

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 MINISTRY OF TRANSPORTATION AND COMMUNICATION MYANMA RAILWAYS YANGON CENTRAL RAILWAYS STATION AREA COMPREHENSIVE DEVELOPMENT PROJECT Notification on the collection status of Request for Proposal (RFP) documents for Yangon […]

Short-list for Yangon Central Railway Station development

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

15 companies short-listed for Yangon Central Railway Station development tender announced

Myanma Railways has shortlisted 15 firms and joint ventures, including a number of well-known local companies, that responded to an EOI to redevelop Yangon Central Railway Station and the surrounding area in downtown Yangon. This is the railway ministry’s second attempt to tender the project, after an initial tender called in 2014 was cancelled last […]

Shortlisted companies for Yangon railway project announced

Myanma Railways yesterday announced the shortlisted companies for the Yangon railway multi-purpose development project, according to state-owned media. Myanma Railways, under the Ministry of Rail Transportation, invited bids for a mixed-use development project on 63.622 acres of land. Among the 15 shortlisted contenders are companies from the US, Italy, France and the UK. A total […]

Capital Hypermarket to accept Visa cards

Visa has signed with Capital Hypermarket to roll out card payments through domestic CB Bank in the local supermarket’s outlets, according to a February 8 announcement. Local and foreign customers will be able to pay using Visa pre-paid, debit and credit cards at seven Capital branches and 93 Grab & Go convenience stores around the […]

DICA issues revised list of ‘out of touch’ companies

The Directorate of Investment and Company Administration has published a revised list of companies to be struck off its register, after receiving a number of complaints from businesses named on the list that are still operational. In August, the regulator issued a request for confirmation from all companies still in business, as it seeks to […]

Thousands of Myanmar-registered companies risk being struck off

More than 20,000 companies are at risk of being struck off by the regulator, including local conglomerates and multinationals, after failing to respond to a request for confirmation that they are still in business. The Directorate of Investment and Company Administration published the request through state media in September, with a view to cleaning up […]