Myanmar’s FDI on target despite Rakhine situation

NAYPYITAW — In a bright, well-carpeted conference hall in Naypyitaw — Myanmar’s sprawling capital built by the former military government — more than 1,000 investors and business executives gathered earlier this week for the annual Euromoney Myanmar Global Investment Forum. The opening remarks on Sept. 12 by speakers including government officials and foreign and local […]

Taxi service firms compete hard for Yangon’s customers

An aspect of Yangon’s modernisation is the entry and emergence of domestic and international transport operators, namely, Uber, Grab, Oway Ride and Hello Cab, to compete in the taxi service sector. Taxis are one of the commonly used modes of transport in the region, alongside commuter trains and public buses. But taxi service in the […]

Invitation for Open Tender to Implement Fair Price Housing Plan within Yangon City Development Area; Closing Date: June 30th, 2015

Subscribe to our tender alert mailing list 1. Local Companies, Foreign Companies and Local & Foreign Joint Ventures are invited to submit tender to implement Fair Price Housing Plan on the following place within Yangon City Development Area, the Republic of the Union of Myanmar: Land area about 11.00 acre, Min Ye Kyaw Zwar St., […]

Invitation to open tender for 85 acres Danyinkone Wholesale Market to construct in Insein Township; Closing Date: January 1, 2015

Subscribe to our tender alert mailing list Danyinkone Wholesale Market for flowers, fruits and vegetables to construct in Insein Township Invitation to open tender 1. The Yangon Regional Government invites open tender to local* companies interested to construct international Danyinkone Wholesale Market for flowers, fruits and vegetables in Danyinkone, Insein Township. 2. The Yangon Regional […]

Local Companies Invest US$ 45 Million in Luxury Napyidaw Hotel

NAYPYIDAW — Though Burma’s new capital Naypyidaw has developed a reputation as being somewhat of a ghost town, international hotel group Kempinski is confident about its prospects as it prepares to open a new luxury five-star hotel there in November. Local conglomerate Kanbawza (KBZ) Group and Jewellery Luck Company have invested US$45 million total, taking […]

Energy giants win Myanmar offshore oil and gas blocks

YANGON: Myanmar named energy giants Chevron, Shell and Total among the winners Wednesday of a landmark auction of offshore oil and gas exploration rights, pinning hope on its natural resources to drive economic growth. The country, left impoverished by nearly five decades of isolation under military rule, has been the subject of feverish interest by […]

Yangon City Development Committee: Tender Invitation for Waste Management, Due Date: 30 April 2014

Subscribe to our tender alert mailing list Tender invitation for the transfer of the activities related to waste collection and transportation of the collected waste to final disposal site currently performed by Yangon City Development Committee to private company 1. Within 33 township of the area of Yangon City Development Committee, there are 4 districts […]

IFC provides local bank US$ 5 million for trade financing

YANGON—The International Finance Corporation announced on Tuesday that it has provided a US$ 5 million trade finance facility to locally-owned Myanmar Oriental Bank Limited that will allow the bank to help local companies increase their imports and exports, generate more foreign exchange, and create jobs. This facility will enhance MOB’s capacity to cover the payment […]

Yangon City Development Committee. Property Development. Invitation for Tender. Closing Date: 31st March, 2014

Subscribe to our tender alert mailing list Yangon City Development Committee Invitation for Tender 1. Yangon City Development Committee hereby invites Tenders from interested local companies, foreign companies, local companies and foreign companies in joint ventures for the implementation of the Housing Projects, Affordable Housing Project, Housing Project and Car Parking Building, Automated Car Parking […]

Ks 32 billion to kickstart Yangon Stock Exchange

The Yangon Stock Exchange, which aims to start trading by October 2015, will begin with a starting capital of Ks 32 billion according to a deputy finance minister. Japan’s Daiwa and Tokyo Exchange will help support Myanmar’s new stock exchange and have invested a 49 percent stake in the venture. A draft contract is awaiting […]