China to UN: We support Myanmar’s efforts for stability

China supports efforts by the Myanmar government to protect its national security and opposes the recent violent attacks in northern Rakhine State, Chinese Foreign Minister Wang Yi told UN Secretary-General Antonio Guterres. The military response to insurgent attacks last month by the ARSA extremist terrorists, which has been described as a terrorist group, sent more […]

Hantharwaddy airport priority for govt

THE planned Hantharwaddy International Airport is the only priority in the area of aviation under the National League for Democracy-led government, said U Win Khant, permanent secretary of Ministry of Transport and Communications. He made his comments in relation to the government’s Transport Master Plan during the sideline interview with The Myanmar Times at Myanmar […]

Myanmar’s bargaining power rises along the Belt and Road

AS Hong Kong’s second Belt and Road Summit started today in the city The Myanmar Times asked two experts from The Economist Intelligence Unit and Lau China Institute at King’s College, London for their input regarding the dynamics of the Belt and Road Initiative (BRI) and China in relation to Myanmar and ASEAN. Much of […]

Can LNG fill Myanmar’s power gap?

As such, the government has identified electricity as its top priority. Under the Myanmar National Electrification Plan (NEP), it aims to achieve 100 percent electrification by 2030. This will involve achieving a total of 24,000 MW of electricity generating capacity, which, in turn, requires vast infrastructure investments in power sector. That’s because the 24,000 MW […]

Education always a major focus for Japan’s bilateral cooperation with Myanmar

Myanmar and Japan enjoy a long-standing strong bilateral relationship across a wide range of political, economic, social and cultural spheres. Reflecting this, Japan’s economic cooperation to Myanmar dates back to as early as 1954. Throughout the history of the bilateral cooperation, education has always been a major area of focus, as Japan sees it as […]

Rakhine violence not expected to affect economy or FDI

Concerns that the ongoing violence in Rakhine State could result in capital outflows and economic sanctions are rising in the investor and business community. At the 2017 Myanmar Global Investment Forum in Nay Pyi Taw on September 12, U Aung Naing Oo, secretary of the Myanmar Investment Commission, said he is not expecting any negative […]

Metal Ore Open Tender No.2/2017. Closing Date 18 Oct 2017

Subscribe to our tender alert mailing list (1) Ministry of Natural Resources And Environmental Conservation, No.(1) Mining Enterprise Invites to submit the sale tender quotation open tender in the United State Dollars. (a) Cathode Copper Lot.1 Cathode Copper Lot.2 Cathode Copper Lot.3 Cathode Copper Lot.4 657,903 Ton Monywa, Mine Site 700 Ton Monywa, Mine Site […]

Businesses more optimistic on the Myanmar investment arena compared to last year

Prospects for the Myanmar economy are looking promising despite the unrest in northern Rakhine, officials from the public and private sector said today. Inflation pressures are expected to ease and private and public investments in infrastructure services and non-commodity sectors such as light manufacturing and hospitality are forecast to grow, said U Maung Maung Win, […]

Open tender for MPPE High Speed Diesel. Closing Date: 12 October 2017

Subscribe to our tender alert mailing list Invitation for open tender (4/2017) [Tender no. Mppe / hsd / t /1 (2017 – 2018)] 1. Open Tender is invited for the Myanma Petroleum Products Enterprise, Ministry of Electricity and Energy for the supply of High Speed Diesel (658,000 ± 10% Barrels) 2. Tender Closing Date & […]

Myanmar expects 6 bln USD foreign direct investment yearly

NAY PYI TAW, Sept. 12 (Xinhua) — Myanmar is expecting to attract about 6 billion U.S. dollars of annual foreign direct investment starting from 2018, U Maung Maung Win, deputy minister of the Ministry of Planning and Finance said Tuesday. In accordance with the Foreign Direct Investment Promotion Plan (FDIPP), the country is expecting about […]