IWT advised to SELL — IWT considers corporatisation or privatisation to recover losses

TO cover losses stemming from the water transportation business the Ministry of Transport and Communications is considering turning its Inland Water Transport programme to do either corporatisation or privatisation, said Union Minister for Transport and Communications U Thant Sin Maung yesterday. “The Asia Development Bank has suggested two options : Either corporatisation or privatisation for […]

MPT, JTEC Joint Venture signs contract for communications network improvement.

A CONTRACT for consulting services was signed yesterday between Myanma Posts and Telecommunications- MPT, the Ministry of Communications and Information Technology and JTEC Joint Venture for the Communications Network Improvement Project. The communications network improvement project will be implemented by the Japanese government’s Japanese International Cooperation Agency-JICA ODA loan and expansion of transmission networks between […]

Fresh opposition for relaunched ‘new city’

A controversial Yangon expansion plan is again being picked apart in parliament for a lack of transparency over who will build it. The government invited tenders in July for what was proposed as one of seven satellite cities in a temporarily suspended plan that was revamped and approved in June. More than 50 companies signalled […]

Upgrades planned for Yangon power grid

Poor electricity supply invariably appears prominently in discussions about the challenges facing Myanmar’s economy. Accordingly, international organisations and in some cases foreign investors have pledged large amounts of money and expertise to tackle the problem. However, the discussion is normally framed in the context of expanding power generation capacity rather than the urgent need to […]

Singapore’s Navigat Creates Blueprint for Future Myanmar Power Deals

YANGON — A subsidiary of Singapore-based Navigat Group said on Monday it had begun supplying power under a purchasing agreement that will be the template for future deals by Myanmar, which has one of the lowest electrification rates in Asia. MAXpower (Thaketa) Co Ltd said it spent $35 million building a 50MW gas-fired plant in […]