Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels

With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing […]

Japan helps Myanmar set up 250 revenue-generating postboxes

YANGON – Myanmar will get help from Japan to replace postboxes in three major cities with new designs that offer advertisement space to reform the nation’s aging postal system. The project, which will also help finance the cost of building the new units, covers a total of 250 postboxes across the capital city of Naypyitaw […]

Myanmar operator rolls out 4G/LTE service

YANGON – Myanmar’s state-owned telecommunications operator MPT, collaborating with Japan’s KDDI Corp and Sumitomo Corp, announced Monday the launch of ultrafast 4G/LTE mobile data service. The operator, in a statement, said its “LTE+” service will be initially available in the country’s capital Naypyitaw, its largest city Yangon and its second largest city Mandalay, expanding to […]

Myanmar Readies Reforms to Liberalize Insurance Market

NAYPYITAW — Myanmar intends to release within three months a blueprint for insurance market reforms that include allowing foreign insurers to underwrite and sell policies, the head of state-run Myanma Insurance said here Wednesday. Managing Director Sandar Oo outlined the reforms from the Ministry of Planning and Finance, which oversees Myanma Insurance, in a presentation at Myanmar Investment […]

Invitation for Open Tender for Construction of Highway. Closing Date 7 Aug 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. 1. Open tender applying prequalification method is invited by Department of Highways, Ministry of Construction, Naypyitaw, the Republic of the Union of Myanmar for up grading DaikU — Sittaung Road with the part of proceeds of the Regional […]

Big 4G Push to Drive Myanmar’s Smartphone Use

YANGON — Smartphone use in Myanmar is getting a major boost as the country’s largest mobile carrier has bumped up the wireless data transmission speed in major cities, paving the way for more fluid video viewing. The government-affiliated Myanma Posts and Telecommunications on Tuesday began full service of 4G mobile data transmission in Myanmar’s three largest cities: Naypyitaw, Yangon […]

China May shelve Controversial Myitsone Dam in Exchange for Other Interests in Myanmar

NAYPYITAW, MYANMAR – China has shifted its position in a lengthy dispute with Myanmar over the building of a $3.6 billion dam, seven sources said, signaling its willingness to abandon the project in exchange for other economic and strategic opportunities in Myanmar. Myanmar President Htin Kyaw will discuss a potential deal on the massive Myitsone dam […]

South Korea in Myanmar: Missing the Train to Naypyitaw?

South Korea’s interest in Myanmar lies in its economic assets: cheaper labor costs, a sizable market of around 51 million people, and natural resource wealth. Yet Myanmar has unrealized potential to play a much greater strategic role for South Korea. South Korea’s economic presence in the country is wide-ranging and Seoul has emerged as an […]

Invitation for Price Quotations for 35 Diesel Generators by Department of Rural Development. Closing Date 24 Mar 2017

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of the National Community Driven Development Project (NCDDP). The IDA N° of the financing agreement is N° H814MM. The […]

Invitation for Bids for Supply of Solar PV System for National Electrification Project

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens.   Myanmar National Electrification Project Credit No. 5727-MM Contract Title: Supply, Installation and Maintenance of Solar PV System for Households and Public Facilities Reference No. S&I – 2 (12 lots) 1. The Government of Myanmar has received financing […]