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Myanmar to use US$1 billion loan for infrastructure projects

Economic development, agriculture, electricity, and infrastructure projects will be the focus of a framework for loans between South Korea and Myanmar. On September 3, Union Minister for Investment and Foreign Economic Relations U Thaung Tun and South Korea’s Minister for Foreign Affairs Ms Kang Kyung-wha signed the framework agreement under which South Korea will provide […]

Myanmar invites foreign investment with business-friendly reforms

As Seoul fleshes out its New Southern Policy to strengthen ties with Southeast Asian nations and other countries, Myanmar presents fresh opportunities with its business-friendly policies, according to the country’s top envoy to South Korea. During the Burmese National Day reception on Jan. 7 in Seoul, Myanmar’s Ambassador Thura Thet Oo Maung said the Korean […]

Department of Power Transmission and System Control, Invitation for Bids (IFB), Closing Date: 18 May 2018.

If your company has Request for Quotation (RFQ) or Tender Announcement that you want us to publish for FREE in the Tenders & Awards section of our website please submit to us at tender (at) consult-myanmar.com for our consideration. Loan/Credit No. : EDCF-MYA-7 1. The Government of the Republic of the Union of Myanmar has […]

Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

Korean firms to be invited to build Yangon-Dala bridge

Subscribe to our tender alert mailing list A Tender for private companies to build a multi-million-dollar suspension bridge connecting downtown Yangon with sleepy Dala township will be called “soon”, but only for Korean firms, the Ministry of Construction’s permanent secretary said. U Kyaw Lin said a consulting company will be chosen this month to oversee […]

S. Korean bank to aid Myanmar IT project

YANGON, March 19 (Xinhua) — South Korea’s Export-Import Bank will assist Myanmar’s IT infra-network expansion project by providing a loan of about 56 million U.S. dollars to the project, official report said Thursday. The loan will be disbursed by South Korea’s Economic Development Cooperation Fund to pay for expansion of high-speed fiber links between Taunggyi […]