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 […]

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 aims to attract more travelers from Japan

The ministry will be setting up booths which will showcase the pristine beaches and islands of the Myeik archipelago. Regional tourism ministers of Tanintharyi Region, Kayah, Rakhine and Kayin states would also be attending the expo to promote tourism development in their areas, the Ministry of Hotels and Tourism said. Among those that will be […]

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, […]

Myanmar telecom competition heats up with 4G push

MYANMAR’S three telecommunications operators, buoyed by the burgeoning ranks of smartphone users, have intensified their efforts to provide 4G/Long-Term Evolution (LTE) services with the sales hook of faster data connections. Myanma Posts and Telecommunications, the nation’s leading telecommunications operator, on Monday launched Myanmar’s fastest data service, dubbed LTE+, with the 1.8GHz spectrum that was recently […]

MIC divides country into three categories

The Myanmar Investment Commission has established three development categories, offering different income tax exemptions depending on the level of development. Under the Myanmar Investment Law, the least developed zones include 14 townships in Kachin State, seven each in Kayah and Kayin, nine in Chin, 35 in Sagaing Region, four in Tanintharyi, five in Bago, 13 […]

Sale of maize from northern Shan State to resume next month

The sale of maize produced in northern Shan State was suspended during the second week of December due to low demand from foreign countries, but will resume in mid-January, said maize merchants. The merchants are waiting for the fresh maize to produce and then, they will clear out all the stocks together with the fresh […]

Wave Money Set for Ambitious Growth in Myanmar

WAVE MONEY, the first company to be awarded a licence under Myanmar’s mobile financial services regulations, is planning for ambitious growth in the country, according to Vibeke Siljan Krohn, the firm’s head of sales, marketing and distribution. Krohn said the company was focused on the mass market with the goal of providing mobile financial services […]

Nay Pyi Taw villages rewired in 100 days electrification plan

The government has arranged to connect 1150 households in Nay Pyi Taw’s Ottarathiri township to the national electricity grid as part of the new administration’s 100-day plans, according to U San Yu, deputy secretary of the Ministry of Electricity and Energy. The initiative is part of a broader effort to bring electricity to more than 15,000 […]

Telecom price war intensifies

The price war in Myanmar’s telecoms industry has intensified as the two foreign players stepped up their efforts to dominate the market with cheaper internet packages. The latest battle took place on May 26 when Qatar’s Ooredoo announced that it would cut its 3G internet charge from Ks10 per MB to Ks6 for non-contract customers. […]