Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Invitation for Bids for Supply of Solar PV System for National Electrification Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanmar National Electrification Project Credit No. 5727-MM Contract Title: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities Reference No. S&I – 2 (12 lots) 1. The Government of Myanmar has received financing […]

Deputy Minister vows to make Hpa-an Industrial Zone a success

The Deputy Minister for Planning and Finance U Maung Maung Win promised to make Hpa-an Industrial Zone a success at the Amyotha Hluttaw Session yesterday. The progress of Hpa-an Industrial Zone has been hampered by land disputes, delays in establishing factories, low demand for finished products manufactured in the zone, hesitation of local entrepreneurs and […]

Incentives to be built in to investment law

The combined investment law will have built-in incentives for priority areas and sectors, according to U Aung Naing Oo, director general of the Directorate of Investment and Company Adminstration. Myanmar previously had two separate investment laws, the Foreign Investment Law and the Myanmar Citizens Investment Law. Yet experts have recommended combining the two, and Myanmar […]

Import of natural gas and hydropower form Myanmar to India

One of the worst decisions of the BNP-led government in 2004 was the rejection of the Indian proposal to lay a gas pipeline from Myanmar to India through Bangladesh. This could enable us to share part of the gas and significantly reduce our dependence on the import of costly oil (and perhaps LNG) to meet […]

Myanmar aims for Mrauk U to join UNESCO list

MYANMAR’S archaeological zone of Mrauk U in Rakhine State is preparing to be listed as a UNESCO World Heritage Site, according to a spokesperson from the Ministry of Culture. Mrauk U contains some 200 Buddhist monuments such as temples, stupas and monasteries mostly built in the 15th and 16th centuries AD. It is also known […]

Chin urge transparency on Mwe Taung mining project

Chin political parties and residents are calling for transparency over a Chinese-backed project, with some warning that the project could lead to a repeat of the unrest seen at the Letpadaung copper mine. Geological studies of the Mwe Taung Phar Taung area – on the border of Chin State’s Tiddim township and Sagaing Region’s Kale […]