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Myanmar tackles housing for poor

Though Myanmar’s real estate sector last year faced many challenges, the government is planning to meet the housing needs of low-income people by working with development partners and private companies, according to speakers at the Myanmar Infrastructure Summit 2018 held March 20 to 22. Win Naing, deputy director at the Department of Urban and Housing […]

MoU signed in Rakhine for mega projects

SITTWE – With the aim of implementing three mega projects for regional development in Rakhine State, a memorandum of understanding (MoU) has been signed between the Rakhine State Government Committee and private companies on October 30. The mega projects are construction of Kanyinchaung trade zone on Maungdaw Township, development of Manaung Island and construction of […]

YBS, YRTA and a new initiative to be accepted by the people

With the number of Yangon city-dwellers increasing by leaps and bounds, transportation became a problem for Yangon city commuters. It has been a big problem for many years. Due to poor management of the authorities concerned, the bus lines in Yangon had been a nuisance for commuters in the city. They had to always travel […]

Eco-friendly and job-creating investment being given priority to invest in Thilawa

Myanmar- Japan Thilawa Development Ltd (MJTD) has permitted investments in Thilawa Special Economic Zone giving priority to those who can create better job opportunities for the local people and are more eco-friendly. Currently, a total of 84 companies have been permitted to invest in Thilawa SEZ Zone A and the first phase of the Zone-B, […]

Yangon road, water and rail payment bids invited

Subscribe to our tender alert mailing list Dr Maung Aung, the secretary of Yangon Region Transport Authority (YRTA), says the authorities are working to introduce the same cash payment system for the Yangon Bus Service, water taxis and circular trains. On August 9, the YRTA invited a tender for the cash payment system for transport […]

For whom the road tolls: Funding highways in Myanmar

Anyone who has spent time in Myanmar – especially outside major cities – does not need to be convinced that the road transport infrastructure requires severe improvement. The evidence is in the bumpy rides. There is no shortage of academic insight either. Studies have estimated that coffers needed to improve road infrastructure are in the […]

Auto group to invest in new bus system

The Myanmar Automobile Manufacturers and Distributors Association (MAMDA) plans to invest into a new bus system that promises to transform travel for Yangon’s commuters. The new system, known as bus rapid transit (BRT) lite, will include dedicated bus lanes, as well as new buses to replace existing ancient vehicles. MAMDA hopes to be involved as […]

MPPE announces JV tender for petroleum business

Myanma Petroleum Products Enterprise (MPPE) has invited private companies to form a joint venture for a project in the petroleum industry, through a tender published in a state-run newspaper. The state-owned enterprise has been preparing the tender documents for the past few months, with a view to re-entering the petroleum distribution market in partnership with […]

Plans to Privatize Pair of Yangon Heritage Buildings Shelved

YANGON — Myanmar’s Directorate of Investment and Companies Administration (DICA) will return two Yangon heritage buildings to the government that it had slated for privatization, after the directorate was unable to compile a sufficient historical ownership record, DICA’s director general Aung Naing Oo said this week. Last year, DICA announced that it would allow four […]

Interest high in jet fuel tender

Nearly two dozen private companies submitted expressions of interest letters to join a state-owned firm in a joint venture distributing jet fuel, though authorities plan to restrict the tender to international firms only. The successful firm will partner with state-owned Myanmar Petroleum Products Enterprise (MPPE) to import, sell and distribute jet fuel throughout Myanmar. MPPE […]