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Myingyan Combined-Cycle Gas Turbine Power Plant begins Feeding 143MW to National Grid

The Myingyan Combined-Cycle Gas Turbine Power Plant has begun distributing 143 megawatts (MW) to the National Grid, according to a report on January 4 in the Myawady Daily. The Sembcorp Minygyan Power Company Limited has signed a build-operate-transfer (BOT) agreement with the Ministry of Electricity and Energy of Myanmar for its upcoming 225-megawatt power project […]

Private companies soon to be permitted 20 types of insurance

The private insurance companies will be permitted to provide 20 types of insurance very soon for the development of the local insurances, according to a report in the Myawady Daily yesterday. Initially, Myanmar Insurance has permitted private companies only six types of insurance out of 46. Later on, the private companies were permitted to provide […]

Real estate market still cool in Dala Tsp

Real-estate market in Dala Township is still cool despite the announcement of the Yangon- Dala bridge construction project, according to a report in the Myawady Daily yesterday. Authorities issued notice letters to apply eminent domain to residences and businesses in the path of the construction project, which will begin in October. The bridge is scheduled […]

MIC branches to be opened in Chin and Rakhine states

Myanmar Investment Commission (MIC) branch offices will be opened in Chin and Rakhine states in October, according to a report in the Myawady Daily yesterday. The MIC branch offices will be opened in every township in FY2017-2018. According to the MIC new law, the MIC commission branch offices have been granted to open in every […]

Htaukkyant factory to assemble Daewoo buses

Mini-buses will be assembled by the Myanmar Trade Center Co., Ltd. at Htaukkyant factory in cooperation with Daewoo Bus Corporation, said Dr Kyaw Kyaw Aung, the managing director of Myanmar Trade Center Co., Ltd., according to a newspaper report in Myawady Daily. Myanmar Trade Center Co., Ltd. operates the Htaukkyant factory under a long-term lease […]