Ministry of electricity and energy invites sealed bids from eligible bidders for Installation of Distribution Lines and Transformers MOEE-NEP/C1-W4/18, closing date: 29 October 2018.

Specific procurement notice Date : 12th September, 2018 Invitation for Bids IDA, Credit No : 5727-MM Contract Title: Installation of Distribution Lines and Transformers for Shan (East), Shan (South), Shan (North) & Bago (East), Naypyitaw for National Electrification Project Reference No : MOEE-NEP/C1-W4/18&MOEE-NEP/C1- W5/18 1. The Republic of the Union of Myanmar has received financing […]

Border trade increases by $196 million

Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry. The total value of border trade, as of 25 May […]

Myanmar goods seek to penetrate int’l market through Canton Fair

YANGON, Feb. 13 (Xinhua) — Myanmar will seek to penetrate international market through exhibition of its goods at the upcoming 123rd Spring Canton Fair of China, the official Global New Light of Myanmar quoted the Ministry of Commerce as saying Tuesday. “Participating in the trade fair can not only prevent illegal trading but can promote […]

External trade rises year-to-date, but border trade stalls

Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]

Muse trade rises again after merchant accounts unfrozen

The Muse land port of entry saw trade values increase by US$100 million in first four months of the current financial year compared to same period of last year, said the merchants engaged in Muse border trade. The increase in trade is due, in part, to the unfreezing of bank accounts by China after a […]

Only high-tech firms for hydro, coal power

Only companies and countries with access to the latest technologies and technologies which minimise environmental impact will be considered to take part in hydro and coal power projects in Myanmar, a senior official from the Ministry of Electricity and Energy told The Myanmar Times. “For electricity generation sources, we are planning to consider only the […]

MIC Gives Amazing Holidays go Ahead to Build Golf Course, Hotels in Thandwe

Amazing Holidays Hotel and Resorts Co Ltd has won the contract to kick off a construction project on a 100-plus acre plot in Thandwe Township, a statement from the Myanmar Investment Corporation (MIC) said. The land comes under the jurisdiction of the Rakhine State government. In a meeting on Friday, MIC decided to grant permission to […]

Coal power continues over local objections

The Ministry of Electric Power plans to move forward with several coal-fired power plant projects despite the opposition of some civil society groups. The ministry has signed memorandums of understanding for at least 11 coal-fired projects in the country since 2010, though so far they are still at the early stage of feasibility studies, with […]

New domestic airline to begin flights in March

A new domestic carrier, Apex Airlines, will be among the first in Myanmar to offer dynamic pricing when it starts flying next month, a senior company official says. Chief operations officer Selva Kumar said Apex’s first aircraft, an ATR 72-600, would arrive in Nay Pyi Taw in mid-February, with a launch planned for late March. […]