MoU signed in Rakhine for mega projects

SITTWE – With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30. The mega projects are construction of Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of […]

Yangon’s hippest bazaar

Opening in December, Urban 86 will have year round selfie appeal Trendy markets, day and night, have become somewhat of a must-have for cities across Southeast Asia. Since the launch of the Strand Road night market less than 11 months ago, three other pop-up night-markets, all with varying degrees of selfie appeal (proof or it […]

Can the central bank’s new guard save businesses in Myanmar?

Among the nominees for deputy governor are economist and retired Budget Department of the Ministry of Planning and Finance officer U Soe Thein, incumbent deputy governor U Soe Min and existing member of the board U Bo Bo Nge. Meanwhile, the newcomers to the Board include former deputy director general of the Union Attorney General’s […]

Firms asked to bid for aviation contracts

Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]

Puma Energy Asia Sun Opens Myanmar’s Largest and Most Modern Petroleum Products Terminal

Puma Energy Asia Sun (P.E.A.S), a joint venture between Puma Energy, the global mid and downstream energy company, and Asia Sun Energy (ASE), a local company experienced in logistics and trading in Myanmar, celebrated the opening of its petroleum products terminal at Thilawa port, southeast of Yangon. This USD92 million investment into the country’s largest […]

Why REAPRA is bullish about the startups in Myanmar despite its underdeveloped market

Much has been said about Myanmar’s turbulent social and political upheavals. But with the country taking baby steps towards becoming more business-friendly, a new narrative has emerged — innovation.   Thanks to the uptake of internet usage, due, in large part, to the slashing of costs for SIM cards, Myanmarese are now seizing the opportunity […]

About 600 private fuel stations seeking permits

Permits to open about 600 private fuel stations in Yangon are being sought, which could alleviate the paucity of petrol stations in the region. There are currently 2,065 fuel stations across the country. but only about 150 fuel stations in Yangon because the land and real property values in Yangon are excessively high, entrepreneurs said. […]

Invitation to tender for cooperation at No. 32 Heavy Industry (Kyangin) under No. 2 Heavy Industrial Enterprise, Ministry of Industry

Subscribe to our tender alert mailing list   No.2 Heavy Industry (Kyangin) under No. 2 Heavy Industrial Enterprise, Ministry of industry is intended to cooperate with local and foreign entrepreneurs in it. Companies who interested in those cooperation are required to submit their tender proposal not later than 1:00 pm (Myanmar Standard Time ), on […]

Invitation of Expression of Interest( EOI) for Cooperation in Plastic Factory (Kyaukse) under No. 2 Heavy Industrial Enterprise, Ministry of Industry

Subscribe to our tender alert mailing list   Plastic Factory (Kyaukse) under No. 2 Heavy Industrial Enterprise, Ministry of Industry tended to cooperate with Local and Foreign entrepreneurs in it. As a first step, Companies who interested in those cooperation are required to Expression of Interest (EoI) not later than 1:00 pm (Myanmar Standard Time), […]

Australian visionary gives Myanmar tech room to grow

YANGON On a balmy December evening in downtown Yangon, a diverse crowd packs into the sprawling offices of Phandeeyar, an information and communications technology hub. The event marks a milestone in Myanmar’s “connectivity revolution” — the group’s second birthday, and a new phase in its training and investment programs for startups. The space is normally […]