Yangon New City Project to be Remodelled with Tower Blocks Included

The current New City project in Myanmar’s commercial capital will be remodelled to accommodate the city’s projected population growth and tower blocks will be part of the new plan, according to a Yangon Region minister. Daw Nilar Kyaw, the regional minister for electricity, industry and transportation, made the remarks on July 10 during a special […]

More Economic Zones Needed to Boost Manufacturing: MIDA

Businesses and economists suggested that economic growth would depend on a growing manfacutring sector, liberalisation and revising the governing framework of different sectors. Deputy minister for the Ministry of Commerce, U Aung Htoo, said that the ministry would boost export and simplify procedures for trade and exports. The comments were made to follow up the […]

Yangon Regional Bill Approved

The regional planning bill on the development of 33 townships in the Yangon municipality area and 12 other townships outside it as part of an urbanisation of Yangon, was yesterday approved by the regional Hluttaw. The Yangon Regional Planning Bill focuses on developing electricity infrastructure, road and water transportation in order to reduce traffic congestion, […]

Indian Agri Logistics Group Ties Up with United Amara Bank for Collateral Financing

Indian agri logistics and warehousing company SLCM Ltd, a wholly-owned subsidiary of Sohan Lal Commodity Management Group, has signed a memorandum of agreement with local lender United Amara Bank (UAB) for collateral financing in Myanmar. The move is aimed at strengthening the network for providing collateral management solutions to farmers, processors, traders, exporters and importers […]

SMEs Lack Paperwork Prowess, Unable to Secure loans

While the Small and Medium Industrial Development Bank (SMIDB) offered to distribute K20 billion in loans in 2014, as of now, K12 billion have yet to be distributed, owing largely to informal business practices, according to an official from the Ministry of Industry. Like all businesses in the country, SMEs need to register and pay […]

Myanmar Electric Power Enterprise to Invite Expressions of Interest For Consulting Firms to Build Combined Cycle Gas Turbine (CCGT) Power Plants; Closing Date: March 16th, 2015

Subscribe to our tender alert mailing list REQUEST FOR EXPRESSIONS OF INTEREST (CONSULTING SERVICES — FIRMS SELECTION) The Republic of the Union of Myanmar Electric Power Project Credit No.; IDA-53060-MM Assignment Title: Implementation Consultant of CCGT power plant at Thaton, Mon State, Myanmar Reference No.: MEPE-CS-8 The Ministry of Electric Power has received financing from […]

Ministry Of Construction to invite Bids for Maubin Pyapon Road Rehabilitation Project; Closing Date: November 17, 2014

Subscribe to our tender alert mailing list THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF CONSTRUCTION Invitation for Bids Date 15 September 2014 Loan No. and Title MYA – Maubin Pyapon Road Rehabilitation Project Contract No. and Title ICB 1 –MP: Maubin Pyapon Road Rehabilitation Project-Section Km 0+000 to km 25+000 ICB 2 –MP: […]

Who will benefit from Condominium Law?

Daw Min Min Soe only realised there was a problem with her apartment when officials from the bank arrived at her building and put up a notice reading, “If the owner fails to repay the loan and interest we will seize the apartments. he owner of the land in Pazundaung township had developed the eight-storey, […]