Japan investment to change the face of train travel in Yangon

YANGON – Tourists visiting Myanmar’s largest city, Yangon, could be set to lose one of the star attractions of the former capital, as Japan invests in upgrading the railway which encircles the city. While the responsibility for upgrading the 46 kilometers of track which makes up the Yangon Circular Railway rests with Myanmar Railways, the […]

Myanmar-Japan joint venture eyes infrastructure investment

A joint venture between Myanmar’s leading heavy machinery distributor, Myanmar Kaido Co, and Japanese trading giant Mitsubishi Corp aims to capitalise on the rapid development of the Southeast Asian country’s urban infrastructure through the rental of construction and other equipment. An opening ceremony for the joint venture, Diamond Rental Myanmar Co, 50% owned by Mitsubishi, […]

Yangon rail system to get upgrade

Tourists visiting Myanmar’s largest city, Yangon, could lose one of the star attractions of the former capital after the railway that encircles the city is upgraded with the help of Japanese investment. While the responsibility for upgrading the 46 km (28.5 miles) of track that makes up the Yangon Circular Railway rests with Myanmar Railways, […]

Business Chiefs Call for Kyat Support

​​ The Federation of Chambers of Commerce and Industry (UMFCCI) has advised the government on how to stabilise the currency. The trade body’s statement covers the inflow of foreign currencies, how to increase demand for the kyat, the export-import sector and long-term plans. The statement said the dollar’s appreciation was due to an unbalance between […]

Thilawa SEZ Receives US$900 Million in Foreign Investment

​​ RANGOON — Japan-backed Thilawa Special Economic Zone (SEZ) in Rangoon’s Thanlyin Township has received more than US$900 million in foreign investment since its launch in 2014, said a recent report issued by the Myanmar Investment Commission (MIC). “Since the start of the operation, the SEZ has received US$903 million foreign investment,” MIC secretary U […]

Invitation for Prequalification to supply 4 Train Sets for Myanma Railway. Closing Date 9 March 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   INVITATION FOR PRE-QUALIFICATION Date 9th December 2016 Loan Agreement No MY-P4 dated 5th September, 2014 IFP No MR/PQ/104   The Government of Republic of the Union of Myanmar has received ODA Loan (Loan Agreement dated 5th September, […]

Invitation for Bids for Yangon- Mandalay Railway Improvement Project Phase I. Closing Date 9 March 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   INVITATION FOR BIDS Date 9th December 2016 Loan Agreement No. MY-P4 dated 5th September, 2014 IFB No. MR/BD/104   The Government of Republic of the Union of Myanmar has received a loan from Japan International Cooperation Agency […]

JICA loans worth Ks358bn approved

Loans from the Japan International Cooperation Agency, totalling 31.051billion yen (Ks358.39bn) were approved during the 6th Day Meeting of the 2nd Pyidaungsu Hluttaw, 3rd Regular Session to fund the economically vital Thanlyin Bridge project that will span the Bago River, the finance ministry said. “Thanlyin Bridge No. 3 is the main one linking to the […]

Millcon Thiha GEL Foresees Advantages in Being Steel First-Comer in Myanmar

MILLCON THIHA GEL is bullish that international development banks’ planned projects in Myanmar and demand from new factories to be constructed in Thilawa Special Economic Zone will keep its newly completed steel plant busy in the very near future. The company last week officially became the first manufacturer of industrial-grade steel products in Myanmar, being […]

Traders Face Teething Problems Using New Customs System

Exporters and importers are encountering issues with Yangon’s new automated customs system, but are hoping the problems will be sorted out soon. The customs department finished a trial run of the Myanmar Automated Cargo Clearance System (MACCS) on November 3, which threw up a variety of IT issues that MACCS director U Win Thant said the department […]