Foreign companies to be invited to build Yangon low-cost housing

Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction. This will mark the first time foreign contractors are given access to the affordable housing sector in Myanmar. Ministry officials have said they will prioritise building housing for the poor, after […]

Foreign firms take aim at Myanmar’s 4th licence, despite risks

Seven foreign companies have submitted applications to enter Myanmar’s fast-growing telecoms market as the government moves forward on plans to award a fourth mobile licence this year. The companies, which the government did not name, are keen to take a piece of the country’s lucrative mobile segment, which has expanded from 15 million connections to […]

Yoma in tie-up to distribute Mitsubishi cars in Myanmar

Mainboard-listed Yoma Strategic Holdings announced on Wednesday (Dec 16) a 50:50 joint venture with Mitsubishi Corp to distribute the Japanese cars in Myanmar. The joint venture company, MM Cars Myanmar Ltd, will be responsible for the distribution (wholesale), retail sales, after-sales services, and maintenance services of Mitsubishi cars and spare parts. It will also take […]

Trade at Yangon Stock Exchange unlikely to start until March 2016

Myanmar Vice President Nyan Tun marked the opening ceremony of the Yangon Stock Exchange (YSX) by ringing a bell on Wednesday with six local campanies listed. Yet officials say it is unlikely that any trading will take place until March 2016. Finance Minister U Win Shein said that YSX would only be open to Myanmar […]

Low-quality rubber holds back tyres

In Myanmar hundreds of thousands of hectares of land is leased to investors for rubber plantations, often in controversial circumstances. Just 8 percent of total production is used within Myanmar, with the rest sent to China, 70pc of which is low quality, said U Khine Myint, secretary of the Myanmar Rubber Planters and Producers Association […]

Phony Yangon car showrooms defraud dealers in Japan and Korea

Up to one-third of all Yangon car showrooms are fake, and some may be defrauding automobile dealers in Japan and Korea, local vehicle distributors say. Some may also be failing to pay tax on the cars they sell. U Soe Tun, head of the Myanmar Automobile Manufacturers and Distributors Association, said MAMDA was negotiating with […]

Second attempt planned for local car assembly

Developing a domestic car assembly and manufacturing industry may be a difficult task, but proponents claim it will help boost new car ownership levels in the country. With as much as 99 percent of car sales thought to be used vehicles, largely imported from Japan, experts say locally assembled vehicles would help shift the tide […]

Insight into tax audit activities in Myanmar

AS A LONG-TIME professional in the taxation field, I often receive questions from businesses regarding tax-audit activities of the authorities and how to effectively minimise the likelihood of such audits, especially when it is time to request for tax refunds. Businesses, especially multinational companies operating in foreign jurisdictions, are generally uncertain about taking any course […]

Myanma Petrochemical Enterprise invites for JV Project of LPG Importation, Storage, Distribution and Marketing in Thanlyin Refinery Area; Closing Date: November 5, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The Republic of the Union of Myanmar Ministry of Energy Invitation to Tender Joint Venture Project of LPG Importation, Storage, Distribution and Marketing by using Existing Facilities of LPG Terminal in Thanlyin Refinery Area Tender No. (1-MLTJVP/ 2015-2016) […]

Smartphones Bring Happiness And Headaches To Myanmar

The number of mobile subscribers in Myanmar has quickly grown in a short five years from a mere 500,000 to more than 22 million — giving Burmese a crash course in all the benefits and challenges new technology can bring. Myanmar’s low electrification rates, recurring power outages and poor Internet infrastructure mean that this growth […]