More investments are left to allow: DICA

Myanmar Investment Commission (MIC) is left to allow up to 15 foreign investments worth of US$400 million, said Deputy Director General San Myint from the Directorate of Investment and Companies Administration (DICA). The MIC is also left to allow local investments worth of Ks 1.434 trillion, he said. Moreover respective investment commissions found in regions […]

Unregulated and untaxed: Casino on Thai border Thrives

When we arrive at the Border Guard Force checkpoint, security guards look us up and down, then ask if we are coming to the casino. It’s 8pm. We nod and are allowed in. The 24-hour 999 casino is located on the bank of Kayin State’s Thaung Yin river that separates Myanmar and Thailand, dividing Myawaddy […]

National Electrification Project. Invitation for Bids to Supply Steel Parts & Accessories. Est Value of Contract USD 45 Mil. Closing Date 27 Oct 2017

Subscribe to our tender alert mailing list Date: 1st September, 2017 SPECIFIC PROCUREMENT NOTICE IDA Credit No. : 5727-MM Contract Title: Steel Parts and Accessories for National Electrification Project Reference No. : C1-G7 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project, […]

Myanmar food fights back

Amid the recent surge in popularity of foreign cuisine, restaurateurs look to raise the profile of traditional Myanmar food Korean food. Thai food. European food. Yangonites are increasingly spoiled for choice when choosing where to go for a meal. While broadening one’s culinary horizons can only be a good thing, traditional Myanmar restaurant owners are […]

Crop insurance, land reform and investment are essential to Myanmar’s agricultural sector

Q: What is the state of the rice industry in Myanmar? A: The government relaxed its control of the rice industry in 2003. Since FY2012-2013, rice export volume has exceeded one million tons per year. Q: Rice from Myanmar does not meet international standards and fails to sell for good prices in the international market. […]

Invitation to Bid for National Electrification Project. Contract Valued at USD 17.5 Mil. Closing Date 22 Sep 2017

Subscribe to our tender alert mailing list Date: 8th August, 2017 SPECIFIC PROCUREMENT NOTICE IDA Credit No. : 5727-MM Contract Title: Insulators and Related Fittings for National Electrification Project Reference No. : C1-G5 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project, […]

Left behind in race by China, India tries to speed up Myanmar projects

NEW DELHI: Having missed several deadlines, and with China taking big strides, India is trying hard to speed up its infrastructure commitments in Myanmar. India’s tardiness in project implementation has marred its reputation, even though India has extended over $1.75 billion in grants and credit to Myanmar. Indian envoy to Myanmar Vikram Misri said India […]

Rakhine’s Tha Htay Chaung Hydro Dam Nearly 50 Percent Complete

Construction on the Tha Htay Chaung Hydropower Dam in Rakhine State is almost 50 percent complete, with electricity production to begin in the next few years, according to the re­gional government. The project has reached 42.74 percent complete at a cost of K17 billion, said U Aung Naing Tun, director of the Tha Htay Chaung […]

1m acres of mineral depositories suspended

In Myanmar, mineral depositories have been allocated to be used as resource reserves, with a total area of 1,187,492 acres, according to U Khin Maung Yi, permanent secretary of the Ministry of Natural Resources and Environment Conservation, who told reporters during a press conference in Nay Pyi Taw on April 24. According to the permanent […]

Prospectors Sued After Finding Massive Jade Boulder on Company Land

Five prospectors who found a jade boulder weighing 8.7 tons have been charged with theft in Kachin State’s Lone Kin jade mining region. According to police, U Nay Tun—the Deputy Director of Myamar Gems Enterprise office of Lone Kin—filed a lawsuit against prospectors Htoo Zaw, Mon Khaung, Naing Win, Wa Lone and Myo Khin, accusing […]