YCDC to reduce groundwater pumping

Yangon City Development Committee will reduce groundwater pumping, said Yangon mayor Maung Maung Soe at the fourth regular session of regional parliament on May 22. In response to the question of MP Than Swe representing Mingala Taungnyunt Constituency-2 about water supply, sewage disposal and power supply system, Maung Maung Soe said Yangon City Development Committee […]

High Rates on Loans for Affordable Homes Are ‘Shutting Poorer Families Out of the Market’

The interest rates charged by banks on loans used to help low-income families purchase affordable hous­ing units are too high, the Chairman of the Myan­mar Real Estate Services Association has said. U Khin Maung Thant said that while it was a“great thing” that banks were providing loans to help people buy afford­able apartments, the rates […]

Extension of Invitation for Bids for Rolling Stock for Yangon-Mandalay Railway. Closing Date 25 April 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Date 6th March,2017 Loan Agreement No:MY-P4 dated 5th September,2014 1.The Government of Republic of the Union of Myanmar has received loan from Japan International Cooperation Agency(JICA) towards the cost of the Yangon- Mandalay Railway Improvement Project Phase L.It […]

Government will provide loans in 2017 to develop the SMEs

Japan International Cooperation Agency (JICA) will provide Ks 15 billion loan through the government to develop small and medium enterprises (SMEs) in 2017, according to Directorate of Industrial Supervision and Inspection Department under the Ministry of Industry. JICA will provide the loan with the low interest. The loan will be in the form of two- […]

Pyidaungsu Hluttaw approves 5 million euro loan from Germany for locomotive factory

Pyidaungsu Hluttaw passed the motion on borrowing 5 million euros from German KfW Development Bank for a Diesel Locomotive Shed in Ywa Htaung for Myanma Railways. Following a debate, the issue was put to a vote and passed 506 to 6. “It is required to give training to employees of Ywa Htaung locomotive shed because […]

Invitation for Bids for Supply of Solar PV System for National Electrification Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanmar National Electrification Project Credit No. 5727-MM Contract Title: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities Reference No. S&I – 2 (12 lots) 1. The Government of Myanmar has received financing […]

Govt mulls B4.5bn loan for Myanmar

Thailand is considering granting a 4.5-billion-baht loan to Myanmar to fund an infrastructure development project including the planned construction of a 132-km long road to stretch from the Thai-Myanmar border in Kanchanaburi to the Dawei special economic zone in the neighbouring country. Transport Minister Arkhom Termpittayapaisith revealed this on Tuesday, saying the loan request was […]

Government to expand instalment system for farming equipment

The agriculture ministry is collaborating with private firms to help farmers facing a shortage of animals and labour purchase machinery on instalment. The government is hoping to help provide farmers with new tractors as part of a bid to improve mechanisation across the agricultural sector. Photo: StaffThe government is hoping to help provide farmers with […]

UAC ready to finalise Myanmar power deal

UAC Global Plc, an MAI-listed chemical trader that has diversified into renewable energy, is expected to seal a deal to sell power from its 20-megawatt power plant to the Myanmar government in the first quarter. UAC president Chatchaphol Prasopchoke said it is building the first phase of the plant, which will have a capacity of […]