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Ministry of Electricity and Energy invites sealed bids for Installation of Distribution Lines and Transformers, National Electrification Project, Closing Date: 7 November 2018.

Specific procurement notice Date : 05th October, 2018 Invitation for Bids IDA, Credit No 5727-MM Contract Title Installation of Distribution Lines and Transformers for Bago (West) and Ayeyarwaddy for National Electrification Project Reference No Moee-nep/c1-w7/18 & moee-nep/ C1-w8/18 1. The Republic of the Union of Myanmar has received financing from the World Bank towards the […]

Ministry of Electricity and Energy invites bids for Installation of Distribution Lines and Transformers, national electrification project, submission date: 1 November 2018.

Specific procurement notice Date : 28th September, 2018 Invitation for Bids IDA, Credit No 5727-MM Contract Title Installation of Distribution Lines and Transformers for Sagaing, Magway, Chin, Magway, Rakhine, Bago (West), Bago (East), Kayin & Mon For National Electrification Project Reference No MOEE-NEP/C1-W2/18, MOEE-NEP/C1- W3/18 & MOEE-NEP/C1-W6/18 1. The Republic of the Union of Myanmar […]

When Yangon is shaking

Is the former capital ready to resist a strong earthquake? Ko Kyaw Zin Latt lives on the 7th floor of a seven-storey building. On a normal day, he relaxes and enjoys the view over Yangon. But on January 12, he enjoyed the shakes instead. That day, an earthquake of magnitude 6.0 on the Richter scale […]

French-Myanmar Joint Venture To Install 500 ‘Smart’ Bus Stops in Yangon

YANGON — A French-Myanmar joint venture has won an exclusive 20-year contract to sell advertising on street furniture in the commercial capital Yangon, including the installation of 500 hi-tech bus stops. FMIDecaux—a joint venture between First Myanmar Investment Company (FMI) and JCDecaux, a worldwide outdoor advertising company based in France—signed the contract with the Yangon […]

Myanmar’s Farmers Get Hedge Against Global Warming

Climate change is becoming a growing concern around the world, especially for farmers in Asia. Now, one village in Myanmar is seeking protection with a new type of insurance. In a village located on the outskirts of Pyay in central Myanmar, most residents make a living by growing rice. But for the past several years, […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Ponzi Scheme Takes Millions From Rural Myanmar

In the wake of My­anmar’s most wide­spread and finan­cially devastating ‘Ponzi scheme,’ millions of dollars have been lost, thousands of people de­frauded, and a myriad of ministries left pointing fingers. In December 2016, Sax­on Capital Limited (SCL) began selling shares to residents of Pyay, Bago, Mawlamyine, and other townships promising an 80 percent return on […]

Better Gas Technology, Infrastructure Crucial to Solving Power Problem

Myanmar, one of the fastest growing economies in the world, is nevertheless notorious for its insufficient supply of power. Despite several State and regional Master Plans and programs, just one third – or 3.7 million out of the 10 million households in the country – enjoys access to electricity. Meanwhile, the government’s losses, accumulated on […]

Myanmar Citizens Bank Opens First Ayeyarwaddy Branch

​​ Myanmar Citizens Bank (MCB) opened its 23rd branch in January, in Pathein Township, the bank’s first branch in Ayeyarwaddy division. The Pathein branch is the 5th to open in the 2016- 2017 financial year following new branches in Mandalay, Pyay, Latha and Sittwe. “By opening new branches, the locals can access safe, secure and […]

Mandalay’s Chanmyashwepyi Bus Terminal to be upgraded

MANDALAY City Development Committee plans to improve the Chanmyashwepyi (Kywesekan) Bus Terminal located about 10 km (8 miles) central Mandalay, before the end of this year. The M-development Corporation Myanmar will improve the 14.2-acre bus terminal through the Build, Operate and Transfer (BOT) system. The project will start after an agreement is signed between the […]