In Myanmar, economic opportunity and a renewed commitment to democracy are on the horizon if leader Aung San Suu Kyi wants them

When Thura Ko went last week to meet some local partners in the Mandalay, he ordered a motorcycle-taxi through an app on his smartphone and paid for it with his credit card. “We’ve gone from an 8% mobile penetration rate to 90% in six years,” said Ko, a foreign investor who has advised US and […]

Myanmar Gets First Foreign Investments for Power Projects in Fiscal Year Transition

YANGON — Myanmar has received its first foreign investments in the power supply sector in the transitional six-month fiscal period, which started on April 1, according to the Directorate of Investment and Company Administration (DICA). A gas-fired power plant will be built in Mandalay Region’s Singaing Township as part of a joint venture between China’s […]

Electricity subsidy is wrong, Pun tells minister

Business leader Serge Pun weighed into the debate on the country’s energy tariff reforms at the Myanmar Global Investment Forum in Nay Pyi Taw on September 11, calling the electricity subsidy “wrong” and saying that the authorities are not pushing reforms due to “political sensitivity.” “I think it [subsidising electricity] has always been a wrong […]

Thai-Myanmar Joint-Venture YIG to Produce Four Types of Gases in Yangon

Yangon Industrial Gas Company Limited, a joint-venture between Myanmar investors and Thailand’s Bangkok Industrial Gas Co. Ltd, will produce four types of industrial and medical gases in 2020. “We are now in talks for land, and have ordered machinery. The plant will start operating as soon as the machineries arrive. We expect we will be […]

Myanmar to resume timber extraction

Myanmar will produce 15,000 tons of teak in the timber extraction season this year, said Kyaw Kyaw Lwin, Deputy Director-General of Forest Department at the Ministry of Natural Resources and Environmental Conservation, at a round-table discussion on the State economy pertaining to the forest sector. “The ministry has been carrying out timber extraction from natural […]

Singapore and Myanmar Healthcare Professionals Team Up to Improve Standards of Trauma Care in Yangon

Singapore International Foundation (SIF), Yangon General Hospital (YGH) and Singapore Health Services (SingHealth) launched a three-year healthcare training project in Yangon on August 31. The aim of the Comprehensive Trauma Rehabilitation Care Project is to improve the overall quality of trauma rehabilitation care in Myanmar which will in turn benefit 30,000 patients in the greater […]

Request for Expression of Interest for Independent Consulting Services for E-Government Advisor to Ministry, Submission Date: 1 Oct 2018

The Ministry of Transport and Communications (MoTC) invites Independent Consultants (“Consultant”) to indicate their interest to provide their services as e-Government Advisor to support MoTC to undertake the related tasks, as part of the engagement over a one year time period under the World Bank/ IDA funded Telecommunications Sector Reform Project. The Consultant is requested […]

HG Metal commits US$2m to begin cut & bend, fabrication JV in Myanmar

HG Metal Manufacturing will pay US$2 million to take a majority stake in and to capitalise a joint venture in Myanmar, according to details of an agreement announced by the steel products maker on Thursday before the market opened. Under the terms of the agreement, HG Metal will pay US$95,700 to Singapore-incorporated holding company Fortune […]

Yoma to tap digital banking for nationwide expansion

YOMA BANK, one of the largest private banks in Myanmar, plans to focus on providing digital products to millions of people in Myanmar , according to Hal Bosher, the bank’s chief executive officer. Bosher said in an exclusive interview that digital products would allow the bank to serve the country better, making banking accessible and […]

Myanmar to Saudi marine products export to be discussed in Dubai Marine products Exhibition

Vice-Chairman of Myanmar Fisheries Federation (MFF) Dr. Toe Nanda Tin said that Saudi Arabia’s postponement on import of Myanmar products will be discussed at the Marine products exhibition which will be held in October 30th to November 1st 2018 in Dubai. “The embassy of Saudi Arabia requested Department of Fisheries to answer all the questions […]