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Conditions Nearly Set for Dawei SEZ Initial Phase to Begin: Govt Committee

YANGON— The Myanmar government is currently negotiating the conditions precedent (CPs) with the concessionaires for the initial phase of construction work on the Dawei Special Economic Zone (SEZ), a US$8-billion (about 12.16 trillion kyats) project that includes a deep seaport. The strategic project in southern Myanmar’s Tanintharyi Region is set to be Southeast Asia’s largest […]

Tourism Ministry : Tender for Marketing Collateral. Closing Date 14 Aug 2019

REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF HOTELS AND TOURISM DEPARTMENT OF TOURISM PROMOTION Invitation for Tenders In conformity to the Tenders Guidelines of Myanmar government, Directorate of Hotels and Tourism under the Ministry of Hotels and Tourism would like to invite proposals for “Making Design for Tourism Promotional Materials such as Destination brochures, […]

Myanmar govt to launch roadmap for financial inclusion

FOLLOWING liberalisation of the banking and insurance sectors by allowing 100 per cent foreign direct investment (FDI), Myanmar plans to launch a financial inclusion road map by next month, according to Thant Zin, director at the Financial Regulatory Department (FRD). He told the 4th Emerging Asia Banking and FinTech Summit 2019 on Tuesday that Myanmar […]

Gov’t to Buy Electricity from China to Cover Shortfall

YANGON—The Myanmar government plans to buy 1,000 MW of electricity from a Chinese state-owned enterprise to meet an expected electricity shortage over the next two years. Myanmar, which already has Southeast Asia’s lowest rate of access to electricity, has recently been plagued by regular power blackouts due to water shortages at hydropower plants following severe […]

Myanmar’s Yangon International Airport reveals growth plans

Myanmar’s Yangon International Airport is to be further upgraded to better equip it to accommodate more international traffic. Operator, Yangon Aerodrome Company Limited (YACL), has also revealed that it is stepping up its marketing efforts in a bid to develop its international route network. The announcements come despite the airport admitting that it is likely […]

UMFCCI calls on Myanmar gov’t to stabilize exchange rate

YANGON, Aug. 30 (Xinhua) — The Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) has submitted a plan to the government for stabilizing the rising exchange rate, the official Global New Light of Myanmar reported Thursday. The four-point plan, submitted to State Counselor Aung San Suu Kyi during a recent meeting with […]

Visa on arrival for Indians visiting Myanmar

Indians wishing to travel to Myanmar will soon be able to do so without applying for a visa beforehand. Starting August 8, the Myanmar government is set to provide visa on arrival facility, suspending the special land entry permission which was formerly required for visitors entering the country via land routes. The Myanmar government decided […]

China to import cattle from Myanmar

The Myanmar government and the China’s Yunan province are planning to finalise an agreement to export cattle to meet rising demand in the Chinese market. China’s beef consumption is 8.4 million tonnes per year, according to Beijing. Beijing is expected to allow 14 beef-exporting countries into its domestic market. Myanmar is most likely to be […]

Upgrading Myanmar’s internet connection

In 2010, internet penetration in Myanmar was less than 0.3 per cent of the population, amounting to a mere 130,000 users. By 2016 this figure had risen 100 times to 13 million citizens online, and this number continues to grow. A World Bank-funded telecom reforms program led to the arrival of two private operators in […]

Myanmar’s ‘semi-isolation’ shows danger of rejecting multilateralism, minister says

TOKYO — The world must not lose sight of the economic benefits, peace and security deriving from multilateralism, a senior Myanmar government official told a conference here on Tuesday, pointing to his country’s decades of being largely cut off from the international community. “Myanmar is well placed to remind the international community that they should […]