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Myanmar to Host Forum to Lure Foreign Investment in Deep South

The Tanintharyi regional government is preparing to hold an investment forum to attract foreign investment to Myanmar’s southernmost region, which is rich in natural resources, particularly pearls and minerals, and home to many tourist destinations on the Andaman Sea coast and islands. The Tanintharyi Investment Forum is set to be held from Oct. 26-27 in […]

Can Myanmar’s economy fulfil its potential?

<ahref=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> With gross domestic product (GDP) growth consistently above 5 percent throughout this decade, and in double digits for much of the previous decade, Myanmar has been one of South East Asia’s fastest-growing economies for quite some time. What’s more, this newly liberalised nation is being touted to likely continue growing expeditiously well into […]

Invitation for Opening Tender, No.(2) Mining Enterprise, Deadline: 17.7.2019

The Republic of the Union of Myanmar Ministry of Natural Resources and Environmental Conservation No. (2) Mining Enterprise, Ministry of Natural Resources and Environmental Conservation invites to submit the tender quotation for the following materials. Sr. No. Materials Classifies Weight (MT) Location Tender Closing Date / Time Remark 1 Tin and Wolfram Mixed Concentrate 65.806 […]

Inle Lake Hotel Proposal Denied

In response to opposition from locals, the President’s Office has agreed not to proceed with an Inle Lake hotel project proposed by the son of former dictator Than Shwe. Last September, the President’s Office received a petition signed by more than 4,000 lakeside residents opposing plans by the Myanmar Naing Group, owned by U Tun […]

Invitation for Open Tender, No.(1) Mining Enterprise, Deadline: 2nd July, 2019

INVITATION FOR OPEN TENDER No.1/2019 (1) Ministry of Natural Resources and Environmental Conservation, No.(1) Mining Enterprise Invites to submit the tender quotation sale open tender in the United State Dollars. (a) Cathode Copper (5000) M/T (15) Lot   Group (1) (1) Lot 100 Tonnes each, 5 Lot Monywa, Mine Site   Group (2) (1) Lot […]

Australian Firm Seeks to Reassure Locals on Gas Drilling off Rakhine

YANGON—Australian energy giant Woodside is stepping into war-torn Rakhine State with a plan to begin drilling in two oil-and-gas blocks in the Bay of Bengal. This week the company sought to reassure residents in southern Rakhine State’s Kyaukphyu that there was a need for the projects, citing the potential economic benefits and pledging to minimize […]

Kachin Gov’t Set to Reject Mongolian Mining Proposal

YANGON—The Kachin State government has decided to shelve a Mongolian company’s proposal to conduct a feasibility study on the extraction of gold and other minerals in Myanmar’s largest national conservation area, a sanctuary nearly triple the size of Singapore in Kachin’s northernmost township, due to serious environmental concerns. The project was proposed by Inner Mongolia […]

IFC report recommends alternatives to high-risk Myitsone

A government-sponsored study warned against restarting the highly controversial Myitsone dam and recommended alternatives to develop the country’s hydropower sector. The final version of the Strategic Environmental Assessment (SEA) of the hydropower sector, supported by the energy and environment ministries and authored by the International Finance Corporation, has been published. The SEA involved a range […]

Suu Kyi stresses trade relations and investment on Nepal visit

During a visit to the Nepal Chamber Expo-2018 in Kathmandu, Myanmar State Counsellor Aung San Suu Kyi stressed the importance of trade between the two countries and talked about the opportunity of investing and doing business in Myanmar. The Myanmar State Counsellor is on a three-day official visit to Nepal. It is the first in […]

Government enacts tougher forest law

The Myanmar parliament has enacted a tougher forest law that threatens violators with up to 15 years in prison in a bid to conserve the country’s fast-dwindling forests. Under the new law, which was enacted on September 20, forest staff can also be punished for accepting bribes or for being involved in the extraction, transfer […]