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Plan for Mandalay terminal worries bus owners

Bus operators have expressed reservations about the final design of the Chan Mya Shwe Pyi (Kywel Sel Kan) bus terminal in Mandalay, which is touted as one of the most modern in the country. The final design of the upgrade was submitted last month to the Mandalay City Development Committee (MCDC) by M-Development Corporation Co […]

State-owned Thai oil company unit to invest more in Myanmar

BANGKOK — Thailand’s PTT Exploration and Production, a subsidiary of Thailand’s national oil and gas conglomerate PTT, plans to greatly expand its investment in Myanmar. The company aims to join a new round of bidding for oil and gas exploration rights, due to open by the end of this year, in hopes of cashing in […]

Myanmar jade industry gathers dust despite China-led boom

NAYPYITAW — The jade mining industry in Myanmar, one of the world’s richest sources of the gem, is scrambling to meet rising Chinese demand, sometimes at the cost of human lives. Yet this booming trade has not translated into growth beyond the dangerous work of extraction. In fact, Myanmar’s jade processing industry has languished, mainly […]

Property developers come under pressure as dollar rises

Property contractors are under pressure from rising costs of building materials as a result of the higher dollar-to-kyat exchange rate. Building machinery and materials such as steel bars, which are imported from overseas, have become dearer to local developers and contractors on the back of the appreciating dollar, which yesterday hit a new high of […]

Unable to break protectionist curse, FMI bites the dust

FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]

Japanese firm to build train station along Yangon Circular Railway

Japan’s Hello Communications has submitted a proposal to upgrade train stations along the Yangon Circular Railway to Myanma Railways, which operates the line, U Arkar Min Thu, general manager of the economic department under Myanma Railways, told The Myanmar Times on Tuesday. It is the first time Myanma Railways is receiving proposals from the private […]

New GMs for Hotel G in Yangon, Singapore

Hotel G Yangon has welcomed a new cluster general manager, Serge Rigodin, who will also lead the nearby Inya Lake Hotel. A native of Grenoble, France, Rigodin has managed a number of other GCP Hospitality properties, most recently the 308-room Hotel G Singapore. Prior to Singapore, Rigodin was director of residences at Embassy House, a […]

Invitation for Price Quotations, Ministry of Electricity and Energy invites eligible suppliers to express the interest, Closing Date: 8 June 2018.

The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of Electric Power Project (EPP). The IDA No. of the financing agreement is No. 5306 MM. The Electric Power Generation Enterprise (EPGE) of the Ministry of Electricity and Energy in its role as implementing agency of […]

Mixed development project near Shwedagon Pagoda makes progress

Y Complex Company, a Japan-led consortium, yesterday held preliminary discussions to conduct the necessary environmental and social assessments required to commence development of a large-scale mixed-development project at the intersection of Shwedagon Pagoda Road and U Wisara Road in Yangon. The Y Complex Company is led by Japan’s Fujita Corporation, Tokyo Tatemono Co and Japan […]