The manufacturing sector recorded an accelerated downturn in April as a result of COVID-19, according to a survey from IHS Markit. The headline IHS Markit Myanmar Manufacturing PMI (Purchasing Managers Index) plummeted to 29.0 in April from 45.3 in March, signaling a severe decline in manufacturing business conditions in Myanmar. The PMI is a composite […]
Construction contraction due to virus outbreak
April 9, 2020 by
\ Industry insiders say that the country’s construction sector has slowed by around 30 percent due to the COVID-19 pandemic. “There are construction projects that have been suspended due to a shortage of imported building materials and some have been stopped temporarily due to cash flow problems. About 70pc of projects are still running as […]
Invitation for Bids – Construction of Pumping Stations PS2, PS3 and Interceptor Inlet, incl. SCADA system ; Deadline: June 11, 2020
March 19, 2020 by
MYANMAR MYANMAR SOUTHEAST ASIA DISASTER RISK MANAGEMENT PROJECT Component 2 – Urban Flood Risk Management Loan No./Credit No./ Grant No.: 6080-MM Contract Title: Construction of Pumping Stations PS2, PS3 and Interceptor Inlet, incl. SCADA system Reference No.: ICB-02 The Yangon City Development Committee (YCDC) has received financing from the World Bank toward the cost of […]
Invitation for Bids – Construction of Interceptors and Relief Drains for PS2 & PS3 ; Deadline : 14th May 2020
March 19, 2020 by
MYANMAR MYANMAR SOUTHEAST ASIA DISASTER RISK MANAGEMENT PROJECT Component 2 – Urban Flood Risk Management Loan No./Credit No./ Grant No.: 6080-MM Contract Title: Construction of Interceptors and Relief Drains for PS2 & PS3 Reference No.: ICB-01 (Lot 1 and Lot 2) The Yangon City Development Committee (YCDC) has received financing from the World Bank toward […]
Construction of Yangon expressway to start in August: ministry
February 20, 2020 by
The Ministry of Construction (MOC) expects the first phase of construction of the Yangon Elevated Expressway (YEX) to commence by August, Deputy Director General U Kyi Zaw Myint said. The MOC released a final request for proposal for the development of phase 1 under a Public Private Partnership (PPP) to ten prequalified bidders on February […]
Invitation for Open Tender, Ministry of Construction, Department of Rural Road Development,Closing Date: 7th April 2020
February 20, 2020 by
1. The Republic of the Union of Myanmar has received a Grant from the Federal Republic of Germany (KfW bank) through the Ministry of Construction towards the cost of Rural Development Programme – Phase V and Improvement of Agricultural Transport Infrastructure(IATI). 2. Department of Rural Road Development under Ministry of Construction intends to implement, with […]
Land surveys conducted for the construction of Yangon SEZ
January 13, 2020 by
YANGON- Land surveys have been conducted for the construction of Yangon Special Economic Zone (SEZ) in Dala, Kawthmu and Kyunchangone Townships, says Phyo Min Thein, Yangon Region Chief Minister. The chief minister attended the opening ceremony of 33/11KV and (5)MVA sub-power station situated between Kayinchaung and Kamarkaloke villages in Kyauktan Township, Yangon Region on January […]
Offshore Myanmar contract goes to McDermott
October 1, 2019 by
POSCO International Corp. has awarded McDermott International, Inc. a front-end engineering design (FEED) contract for the Shwe Phase 3 gas field development offshore Myanmar, McDermott reported Tuesday. The scope of work under the contract includes FEED services for a new compression platform, a bridge link and modifications in existing platforms, McDermott notes in a written […]
Myanmar and Japan to form JV for Hanthawaddy Airport construction
July 15, 2019 by
Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]
China-Backed Venture Proposes $800M Development Near Kyaukphyu Seaport
July 15, 2019 by
YANGON—A Chinese petrochemical giant and a Myanmar firm have jointly proposed to the Rakhine State government the development of nearly US$800 million (1.21 trillion kyats) worth of projects near the Kyaukphyu Special Economic Zone (SEZ)’s deep seaport and Ramree Island. The centerpiece of the proposal is a new logistics terminal on Maday Island situated 10 […]
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