YESC aims to ensure 1,400 megawatts of power supply next year

THE Yangon Electricity Supply Corporation is planning to increase power supply to 1,400 megawatts next year, said YESC General Manager U Thant Zin at a press conference in Nay Pyi Taw yesterday. The General Manager added that efforts are being made to ensure that there are no power outages next summer. “Taking lessons from this […]

Myanmar Pharmaceutical Factory to export snake venom

THE Ministry of Industry plans to export antivenom this year to countries in Asia, especially neighbouring countries that cannot produce antivenom. “We are ready to export our products. Currently, we are contacting embassies of the countries that we will target to export antivenom, and we are waiting to be checked by the WHO,” said U […]

Myanmar Railways: Invitation to Open tender for long-term lease, Closing date: 8th May, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Inviting the Myanmar citizens* who wish to rent a 2 story building (former Division 6 office and located on 1.04 acre land near Insein station and Insein railway football playground, station St, Yangon Region) for long years to […]

Mitsubishi Electric to Open Yangon Branch

Mitsubishi Electric Corp said its Singapore-based subsidiary, Mitsubishi Electric Asia Pte Ltd, will establish a branch office in Yangon. The Japanese electronics giant said the new office, which will start operations on April 25, will coordinate Mitsubishi Electric’s efforts to expand business in Myanmar by conducting market research, collecting information and providing support for infrastructure […]

Mitsubishi Electric to Establish Yangon Branch Office in Myanmar

Mitsubishi Electric Corporation (TOKYO:6503) announced today that its Singapore-based subsidiary, Mitsubishi Electric Asia Pte Ltd, will establish a branch office in Yangon, Myanmar. The Yangon Branch Office, which will commence operations on April 25, will coordinate Mitsubishi Electric’s efforts to expand business in Myanmar by conducting market research, collecting information and providing support for infrastructure […]

Luxury cars gaining popularity in Myanmar

YANGON: A growing number of Myanmar citizens are buying brand-new luxury cars. Aside from changes in legislation that now allow them to do so, many locals are also becoming more affluent. This is prompting many premium automobile companies to enter Myanmar. As Myanmar opens its doors after decades of isolation, over 200 new car showrooms […]

Jewellers demand new gems law

Local jewellers are calling for the government to privatise their multibillion dollar a year industry and allow for individual traders to export rare commodities directly under a more favourable tariff scheme. Jewellers said that a limitation on exports of raw and polished precious stones to sales at government-run emporiums and selected markets was strangling the […]

Yangon hotel room supply to double: minister

Yangon’s current stock of 9000 rooms is set to more than double in coming years, a regional government minister says. While the city has 190 licensed hotels with more than 9000 rooms, the government has granted permission for about 250 hotels with more than 20,000 rooms, Yangon Region Minister for Hotels and Tourism U Soe […]

Joint Ventures, Branch Offices First on Offer to Foreign Lenders: CB Official

YANGON — An easing of restrictions will likely allow foreign banks to enter into joint ventures with local lenders and open branch offices in Myanmara, according to Khin Saw Oo, deputy governor of the Central Bank. Responding to a report from Reuters that Myanmara would allow some foreign banks to start offering limited financial services […]

Yangon to improve airport facilities

YANGON, 28 November 2013: Yangon International Airport’s domestic departure lounge will be replaced by an entirely new building over the next 18 months, authorities confirmed this week. Airport general manager, Win Ko said: “The departure lounge will be demolished and rebuilt. Until it is ready we will have to use the lounge provided for VIPs […]