Competition among telcos leading to better pricing in Myanmar

After emerging from state-owned monopoly, Myanmar’s telecommunications sector is now a growing market for four competitors: state-owned Myanma Posts and Telecom (MPT), Norway-based Telenor, Qatar-based Oredoo, and MyTel, a partnership of local and foreign entities. The number of mobile-phone users in Myanmar now totals 56.8 million. Of this number MPT has 22 million subscribers, Telenor […]

National Prosperity Company to be sued over gold debt

The National Prosperity Company (NPC), which has been mining gold at Moehti Moemi mine in Yamethin township, Mandalay, will face civil charges over its remaining gold debt to the state amid the termination of its contract, said U Khin Maung Win, deputy general manager of the mining enterprise No. 2 and branch head of the […]

Tour operators, timber company see bright future for elephant tourism

The government-run Myanma Timber Enterprise had earned about K430 million (US$325,535) since it began operating 18 elephant conservation-based tourism camps around the country two years ago. The government has banned timber extraction for a period of one year for the whole country and for 10 years in Bago Yoma Hills in central Myanmar, effective from […]

Foreign investments to be invited for the upgrade of jetties

Foreign investments will be sought to upgrade jetties along the coast into international-standard ports as additional capacity is needed to supplement the Yangon port, which now handles 90 per cent of sea-based goods transport. “Jetties along the coast are mainly used for handling domestic cargo. They will become international ports when there is an inflow […]

Myanma Railways: Invitation to submit expression of Interest from property developers for Dagon North/South Area Development. Closing Date: 15 Jan 2018

  In line with the National Development Plan, the Government of the Republic of the Union of Mynamar has been identifying the economic potential to contribute to the country’s economic development. As our endeavors for national development, Myanma Railways (MR) is committed to develop Toekyaungkalay Station Area as Rail Concerned Business, High-rise Building, Comprehensive Development […]

Myanma railways: Expression of interest from Developers to develop Bauk Htaw Railway Station. Closing Date 19 Dec 2017

1. In line with the National Development Plan, the Government of the Republic of the Union of Myanmar has been identifying the economic potential to contribute to the country’s economic development. As our endeavours for national development, Myanma Railways (MR) is committed to develop Baukhtaw Station Area as Rail Concerned Business, High-rise Building, Comprehensive Development […]

Myanma Insurance to pay indemnities to Htoo Group

THE fire incident at Kandawgyi Palace Hotel will be classified as being 100 percent burnt-down and indemnities will be given within this month, U Lwin Oo, deputy general manager from Myanma Insurance, told The Myanmar Times. Yangon’s iconic Kandawgyi Palace Hotel, owned by U Tayza’s Htoo Group, was destroyed by a fire in the early […]

Damages at Kandawgyi Palace Hotel being inspected for insurance

Yangon’s iconic Kandawgyi Palace Hotel, which was destroyed by a fire in the early hours of October 19, will be covered by insurance, according to U Lwin Oo, Deputy General Manager, Fire and Engineering Works Insurance Section, Myanma Insurance. The Htoo Group, which owns Kandawgyi Palace Hotel has bought insurance worth almost K1.5 billion for […]

MPT to expand fibre-optic service to Mandalay

State-owned telecommunication operator Myanmar Posts and Telecommunication (MPT) will offer Fiber To The Home (FTTH) – an internet service – in Mandalay next month. FTTH is the setting of fibre-optic cables from a central point to one’s accommodation, providing access to internet. MPT announced on their official page that FTTH will offer online services ranging […]

Timber group replaces sub-contractors with service providers

This comes after it previously said no more sub-contracts would be issued. It announced that the decision to hire service providers was due to the MTE’s capacity limits. Experts have questioned the differences between sub-contractors and service providers and argued that transparency is essential in any reformed processes. Last year, the MTE announced that it […]