NOTHING has been made in the engine factory in Thagaya, in the south of Myanmar, since April last year. Yet around 350 employees still turn up each day. In 2016 government-owned factories like this one made a loss of more than $200m. When Myanmar moved from military dictatorship to a form of democracy, its new […]
Local and foreign investors invited to No.21 Heavy Industry (Thaton)
May 2, 2018 by
No.21 Heavy Industry (Thaton) of the Ministry of Industry in Thaton Township, Mon State, will go into partnership with local and foreign entrepreneurs, according to ministry sources. Interested local and foreign companies are invited and to send an expression of interest (EOI) to the management section of No.2 Heavy Industry under the Ministry of Industry. […]
DICA office opens in Rakhine State
November 6, 2017 by
The Rakhine State branch of Directorate of Investment and Companies Administration (DICA) opened on Monday in conjunction with a briefing on investment matters and procedures. Kyaw Win, chairman of Myanmar Investment Commission (MIC) and Union Minister for Planning and Finance, and Rakhine State Chief Minister Nyi Pu made speeches. MIC Secretary and DICA Director-General Aung […]
Myanmar moves forward
August 24, 2017 by
The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]
Firms asked to bid for aviation contracts
August 1, 2017 by
Subscribe to our tender alert mailing list Minister for Planning and Finance Kyaw Win says the government will give the green-light to entrepreneurs for the distribution of aviation fuel at airports, including Yangon International Airport. He said: “Aviation fuel is distributed at Yangon International Airport under a joint venture with Puma. Other firms can run […]
Yangon Braced for Hot-Season Power Cuts
March 14, 2017 by
Nilar Kyaw, Yangon Region’s minister of electricity, industry, roads and communications, says the city is expected to suffer regular blackouts during the hot season. Some townships in Yangon are reporting regular power outages. “In Thingangyun Township, there was a power outage last night. It lasted about one hour,” said a resident. Kyaw Win, union minister […]
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