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 […]

China hardsells big ticket but low on trust, India’s soft power push in Myanmar education and health

As Delhi seeks to expand its engagement with Myanmar, it is in sectors such as education, health and entertainment services that India hopes to make an impact in a country crowded with several international players, and completely dominated by China. In a state-of-the art classroom at the steel and glass Myanmar Institute of Information Technology […]

Illegal trade more rampant than before, govt measures not effective

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

Border zone with China to go ahead

An approval regarding the location of the proposed China-Myanmar border economic zone will be given “soon”, assistant secretary U Khin Maung Lwin from the Ministry of Commerce told The Myanmar Times. The discussions were carried out last week by the implementation body with priority made between Kachin and Shan states as they share the border […]

Struggling Myanmar stock market gears up for more listings

YANGON — More than two years after it began trading, the Yangon Stock Exchange is still struggling to escape the trap of few listed companies, few investors and low share prices. The Myanmar Stock Price Index, or Myanpix, closed at 437.36 on June 4 — down 56% from the baseline of 1,000 on March 25, […]

Border trade increases by $196 million

Between 1 April and 25 May in this fiscal year, the value of border trade reached US$ 1.165 billion, recording an increase of $196 million compared to the same period in the last FY, state media reported quoting figures recently released by the Commerce Ministry. The total value of border trade, as of 25 May […]

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 […]

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Ministries join forces to legalise casinos

Several ministries are in the process of repealing the 1986 Gambling Law that forbids the operation of casinos in the country in the hope that legalising gambling will spur tourism and boost revenue, but some people are lukewarm about the move. The ministries of Hotel and Tourism, Planning and Finance, and Home Affairs are spearheading […]