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Frontier Markets Investment Portfolio: A Mining Site in Northern Myanmar

Asia Frontier Capital’s Regional Investment Analyst Scott Osheroff recently traveled to northern Myanmar to visit the mine site of one of its portfolio companies. Myanmar – Liberalization begins to unfold The National League for Democracy (NLD) seems to have potentially finally come to the realization that the economy is suffering and therefore that their party […]

Domestic airlines will not raise airfares yet despite rising fuel prices

Despite rising global oil prices, domestic airlines have no plans yet to raise airfares to compensate for higher jet fuel costs. They said this will help encourage domestic air travel while the number of foreign travelers within the country is still low. “We haven’t increased our fares even though fuel costs have risen. We have […]

Mining Enterprise invites to submit the tender quotation for sale of Metal Ores, Closing date: 16 November 2018.

Invitation for open tender No.2/2018 (1) Ministry of Natural Resources and Environmental Conservation, No. (1) Mining Enterprise Invites to submit the tender quotation sale open tender in the United State Dollars. (a) Cathode Copper (5000) M/T (15) Lot Group (1) (1)Lot 100 Tonnes each, 5 Lot  Monywa, Mine Site Group (2) (1)Lot 200 Tonnes each, […]

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 […]

Fuel prices, protectionism hobble Myanmar airline industry

Myanmar’s once lucrative airline industry is struggling to stay afloat with many carriers already halving their fares to draw more passengers. A shortage of modern infrastructure and high import bill is driving up the price of jet fuel, making it exceedingly difficult for many local airlines to keep their fleets airborne. Already, the Department of […]

Myanmar risks falling into a China debt trap

To understand China’s top priority in Myanmar, forget Beijing’s involvement in the country’s sputtering peace process, or efforts to restart its backed but now suspended US$3.9 billion Myitsone hydroelectric dam, or even securing rights to extract copper at the locally resisted Letpadaung mine outside of Mandalay. Those are all subordinate interests to what China really […]

Myanmar-China Friendship Association eyes enhanced Myanmar-China ties

YANGON, May 13 (Xinhua) — The Myanmar-China Friendship Association on Sunday laid down a seven-point program to be implemented in the future, with the association chairman U Sein Win Aung calling for building friendship with neighboring countries. The program, adopted at the 5th annual meeting of the Myanmar-China Friendship Association (Central) held in Yangon, is […]

Locals Upset Over IFC Meeting Regarding Salween Hydropower Project

MANDALAY — Action for Shan State Rivers (ASSR) said on Monday that locals were saddened by the meeting of the International Finance Corporation (IFC) concerning the controversial hydropower projects on the Salween River in Shan State. “Despite disagreements, the IFC held a stakeholder discussion in Taunggyi on Monday, without representatives of impacted locals or local […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Japanese manufacturers eye expansion opportunities

After investing heavily in Thailand, Indonesia and Vietnam, Japanese businesses are now keen to expand in Myanmar, said Mr Satoshi Yamamoto, chief director of The Japan External Trade Organisation (JETRO) told The Myanmar Times during a business development seminar in Yangon on October 9. “Japanese trade dealers were interested to invest in Thailand, Indonesia and […]