Government reveals plans to build first modern oil refinery in Myanmar

State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line […]

Myanmar to upgrade 3 local airports to receive Chinese tourists

Some local airports will be upgraded to international-standard airports as a part of a slew of projects under China’s Belt and Road (B&R) initiative, according to U Kyaw Win, Union Minister for Planning and Finance. Backed by rising incomes, some 13 million Chinese are travelling abroad yearly but less than half a million came to […]

National electrification project Invitation for Bids. Closing Date 12 Dec 2017

Date: 23rd October, 2017 Specific Procurement Notice IDA Credit No. : 5727-MM Contract Title: Surge Arrester, Fuse, Transformer Accessories, Medium Voltage Cable & Low Voltage Cable (Accessories) for National Electrification Project Reference No. : C1-G6 1 The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National […]

Education always a major focus for Japan’s bilateral cooperation with Myanmar

Myanmar and Japan enjoy a long-standing strong bilateral relationship across a wide range of political, economic, social and cultural spheres. Reflecting this, Japan’s economic cooperation to Myanmar dates back to as early as 1954. Throughout the history of the bilateral cooperation, education has always been a major area of focus, as Japan sees it as […]

National Electrification Project. Invitation for Bids to Supply Steel Parts & Accessories. Est Value of Contract USD 45 Mil. Closing Date 27 Oct 2017

Subscribe to our tender alert mailing list Date: 1st September, 2017 SPECIFIC PROCUREMENT NOTICE IDA Credit No. : 5727-MM Contract Title: Steel Parts and Accessories for National Electrification Project Reference No. : C1-G7 1. The Ministry of Electricity and Energy has received financing from the World Bank toward the cost of the National Electrification Project, […]

Myanmar telecom competition heats up with 4G push

MYANMAR’S three telecommunications operators, buoyed by the burgeoning ranks of smartphone users, have intensified their efforts to provide 4G/Long-Term Evolution (LTE) services with the sales hook of faster data connections. Myanma Posts and Telecommunications, the nation’s leading telecommunications operator, on Monday launched Myanmar’s fastest data service, dubbed LTE+, with the 1.8GHz spectrum that was recently […]

1m acres of mineral depositories suspended

In Myanmar, mineral depositories have been allocated to be used as resource reserves, with a total area of 1,187,492 acres, according to U Khin Maung Yi, permanent secretary of the Ministry of Natural Resources and Environment Conservation, who told reporters during a press conference in Nay Pyi Taw on April 24. According to the permanent […]

Will Government Meet Target on Low-Cost Housing?

Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time. The previous administration had claimed that they were going to complete the construction of one million apartments […]

Fiscal Year 2017-18: a New Dawn for Economic Policies

​​ The new fiscal year will start on April 1, which also marks the start of new laws and economic policies for Myanmar. The new Myanmar Investment Law, which was recently passed, will come into effect on April 1 and its implementation and enactment will spell changes for the country’s businesses and investors. A developing […]

K30b Request to Boost Yangon Power Approved

​​ A request of K30 billion from the special reserved fund, granted by Budget Law of the Union 2016, to be spent for supplying the electricity power shortage in Yangon Region during the summer season was approved by the Pyidaungsu Hluttaw on March 17 amidst complaints by some MPs about poor electricity conditions in their […]