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 […]
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 […]