Over 90,000 Motorbikes Imported Through Border Trade in April

Myanmar import­ed 95,000 mo­torbikes from China through the Muse border gate, earning the government $30 million in import duty for April, state media has reported. Well-known Chinese motorcycle brands in­cluding Kenbo, Canda, Toyomax and Dayaung are mainly exported to lo­cal markets in Mandalay and other central regions. Demand for bikes is high in rural areas […]

Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]

Economic opportunities in Rakhine State

Rakhine State is rich in natural resources. It has many rivers, lakes, ponds and is connected to the ocean. Good ports exist and as improvement to road links are being made, trade, local and foreign investments are increasing. The government is emphasizing on investment and trade in order to increase production in agriculture products as […]

Osaka business group to help lure firms to Japan-backed economic zone in Myanmar

The Osaka Chamber of Commerce and Industry has agreed to help attract small and medium-size companies to the Japanese-backed Thilawa Special Economic Zone near Yangon by establishing small rental factory spaces, the zone’s operator has announced. The OCCI, which is comprised of businesses around Osaka, and the Union of Myanmar Federation of Chambers of Commerce […]

Australian firms urged to invest in Myanmar

Nick Cumpston, counsellor at the Australian Embassy, said in an exclusive interview that the Australian government would encourage its businesses to seize enormous opportunities in the emerging market, thanks to Myanmar’s potential for faster growth in the near future. According to Cumpston, Australian firms’ interest in Myanmar has been on the rise, driven by the […]

Tender selection for Lanthit Public Housing

Lanthit Public Housing, which is more than five decades old, will close its call for tender next week, according to the spokesperson of the Ministry of Construction’s Urban and Housing Development Department. In Yangon, there are 11 public housing built by the government in 1958 and they are very old. The former government started the […]

Contract farming to begin in Ayeyawady, Bago, Yangon and Mandalay

Contract farming will begin on 60,000 acres in Ayeywady Region, and 30,000 acres each in Bago, Yangon and Mandalay totaling about 150,000 acres during the upcoming rainy season, said Ye Min Aung, general secretary of the Myanmar Rice Federation (MRF). Rice millers, rice merchants and rice companies can put forward contract farming planS to the […]

Invitation for Bids (IFB) for supply of ACSR Conductors under National Electrification Project. Closing Date 11 July 2017

Date: 11st May,2017 Specific Procurement Notice IDA Credit No: 5727-MM Contract Title: ACSR Conductors for National Electrification Project Reference No.: C1-G4 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project,and intends to apply part of the proceeds toward payments under the contract […]

Government Lost Millions of Dollars as Large Firms Paid Rock Bottom Rents for Public Land – Report

Yangon’s govern­ment has lost bil­lions of kyat in po­tential revenue by leasing public space to local firms at rock-bottom rates, a report from the Auditor General’s Office has re­vealed. The report is based on an analysis of the Yangon City Development Com­mittee’s (YDCD) finances, which are not normally made public. Looking at the 2015- 2016 […]

IFC launches its sustainability guidelines in Myanmar language

The International Finance Corporation, a privatesector arm of the World Bank Group, last week released a Burmeselanguage verฌsion of its Performance Standards on Environmental and Social Sustainability. The publication is a set of eight internationally recognised norms that guide companies and governฌments on identifying and managing environmental and social risks to achieve sustainability. Bernard Sheahan, […]