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Burmese trucking logistics company Kargo receives over US$130K from Yoma Bank

Burmese online truck shipment service Kargo has announced that it has inked an SME financing agreement with Yoma Bank, Myanmar’s commercial bank. The partnership will see Kargo receive an initial loan of approximately US$130,000. Through the bank’s Unsecured SME Financing, Kargo plans to facilitate same-day payments to its truck drivers, boost its ability to grow […]

More Singapore firms planning to invest in Myanmar in next two years

Singapore companies have big plans to expand in ASEAN over the next two years and Myanmar, with its growth potential and overall investment climate, is on the cards for many, according to a recent survey by the Singapore Business Federation (SBF). The survey, conducted from December 2017 to March 2018, collected views from 1036 Singapore […]

Infrastructure, safety standards needed for LPG industry to take off

The government is now more than half way through its term and time is running out for it to make good on its promise to double Myanmar’s supply of electricity within the next two years. But the government is not without backup plans to help it achieve its goals, one of which is replacing the […]

Myanmar Invites Investment in South Eastern Kayin State

YANGON, Nov. 24 (Xinhua) — The Myanmar Investment Commission (MIC) on Friday invited local and foreign investment in southeastern Kayin state for local economic development. According to an announcement of the commission Friday, investments are invited in electric power generation, transmission and distribution, bonded warehouse, establishment of industrial estate, infrastructure for the transportation sector as […]

Announcement of Myanmar Investment Commission, Invitation to invest within Kayin State

1. The Myanmar Investment Commission has been holding Investment Fairs, rotating yearly, across the States and Regions in order to promote and invite investment for balanced economic development. Accordingly, this year’s Investment Fair will be held in Hpa-An Township, Kayin State on 24th November, 2017. 2. Investing in Kayin State would be beneficial for investors […]

Japan’s ENEOS motor oil and lubricant gains market share

ENEOS, which dominates at least half the market in Japan, is distributed in lower Myamnar by conglomerate Myanma Golden Star’s (MGS) subsidiary MGS Lubricant under an agreement with JXTG Nippon Oil & Energy Corporation, one of Japan’s largest oil and gas companies. MGS chair U Thein Tun said the company will strive to widen the […]

No more empty stocks: Contraceptives reach rural women thanks to pioneering logistics system

It is in the late afternoon when Nan Aye Aye Lwin visits the Nam Khoke Rural Health Centre, after walking the three hours from her little hamlet. Nan Aye Aye Lwin comes with anxiety. She already has two children and does not wish to bear another for the time being. She wants contraceptives. But having […]

Solar panels light up thousands of homes in Kayin State

Over 11,000 rural households in Kayin (Karen) State are set to newly receive electricity thanks to a long-awaited solar panel program. Under the National Electrification Project (NEP), the World Bank and the Department of Rural Development are installing heavily subsidized solar panels, which were sold to villagers at a fraction of the real cost. The […]

Invitation for Open Tender for Construction of Highway. Closing Date 7 Aug 2017

Subscribe to our tender alert mailing list 1. Open tender applying prequalification method is invited by Department of Highways, Ministry of Construction, Naypyitaw, the Republic of the Union of Myanmar for up grading DaikU — Sittaung Road with the part of proceeds of the Regional Development Project for Poverty Reduction under JICA ODA Loan, Japan. […]

Myanmar surpasses FDI target of $6 bn in fiscal year 2016-17

“We have approved 135 foreign businesses according to the Foreign Investment Law during this fiscal year,” he said this week. “Meanwhile, we have approved FDI inflows of $262.59 million in the Thilawa Special Economic Zone, according to our SEZ Law. In total, we could approve $6.87 billion [Bt240 billion] this year.” Aung Naing Oo is […]