Invitation for Bids (IFB) for supply of ACSR Conductors under National Electrification Project. Closing Date 11 July 2017

Date: 11st May,2017 Specific Procurement Notice IDA Credit No: 5727-MM Contract Title: ACSR Conductors for National Electrification Project Reference No.: C1-G4 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project,and intends to apply part of the proceeds toward payments under the contract […]

Indian Government Considering Afghanistan, Myanmar’s Proposal to Boost Pharma Exports

NEW DELHI: India is examining a proposal from Afghanistan to help set up a manufacturing base for pharmaceutical products, along with another proposal from Myanmarto supply generic drugs, as part of its efforts to shore up declining exports. The department of commerce is closely examining Afghanistan’s proposal seeking India’s help in setting up a manufacturing […]

Government will provide loans in 2017 to develop the SMEs

Japan International Cooperation Agency (JICA) will provide Ks 15 billion loan through the government to develop small and medium enterprises (SMEs) in 2017, according to Directorate of Industrial Supervision and Inspection Department under the Ministry of Industry. JICA will provide the loan with the low interest. The loan will be in the form of two- […]

Myanmar Government’s Heavy industries losing money

The Ministry of Industry will go on manufacturing despite the fact that the Ministry’s heavy industries are losing money, the Permanent Secretary said at a press conference on 19 May. “When there are fewer profitable industries, trade loss increases,” said U Thwin Myint Maung, Director General and Permanent Secretary of the Ministry. “Factories are manufacturing […]

The aviation sector takes off

Myanmar’s civil aviation sector is on the brink of explosive growth with the number of seats and carriers rising and infrastructure being upgraded. Myanmar is the most under-served aviation market in Southeast Asia. The numbers speak for themselves. Only Brunei and Laos have fewer airline seats per capita. Myanmar has a population of 52 million, […]

Foreign hotels to be completed by mid-year

Foreign hotel projects currently under construction will be inaugurated by mid year according to the Ministry of Hotels and Tourism. Most of the projects, including international hotel chains, are located in Yangon, according to Director General Aung Zaw Win. “Novotel Hotel will be opened in the mid year. Others such as Center Point and Shangrila […]

Kanbawza Bank pays Ks 22 billion in advance tax

Kanbawza Bank Ltd, the largest private bank in Myanmar, has paid Ks 22 billion (US $ 22 million) in advance tax for the fiscal year 2014-15, according to its chairperson Aung Ko Win. The bank topped the list of income-tax paying companies in 2012-13 after paying Ks 10 billion (US$ 10 million) for income tax […]

Offshore block winners announced

The Ministry of Energy today announced the winners of the highly anticipated tender to explore gas and oil in 20 offshore blocks, a list that includes several global firms including Royal Dutch Shell, US-based ConocoPhillips and France’s Total. Myanmar Oil and Gas Enterprise (MOGE) invited tenders for 30 offshore blocks in April, attracting interest from […]