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Making Myanmar an energy powerhouse

Myanmar’s national electrification process is still on hold one year after the new administration took office. The replacement of the Minister of Energy in early August showed the priority given to energy, but the government still has much to do. Myanmar will have to decide on how to solve its chronic power shortage. There are […]

Peace process is the way forward

The government will not back down from the peace process despite the hardships it faces getting all ethnic armed groups to the negotiating table, State Counsellor Daw Aung San Suu Kyi said Sunday at the second anniversary of the signing of the Nationwide Ceasefire Agreement (NCA). “It is the second anniversary of the signing. There […]

More investments are left to allow: DICA

Myanmar Investment Commission (MIC) is left to allow up to 15 foreign investments worth of US$400 million, said Deputy Director General San Myint from the Directorate of Investment and Companies Administration (DICA). The MIC is also left to allow local investments worth of Ks 1.434 trillion, he said. Moreover respective investment commissions found in regions […]

MIC branches to be opened in Chin and Rakhine states

Myanmar Investment Commission (MIC) branch offices will be opened in Chin and Rakhine states in October, according to a report in the Myawady Daily yesterday. The MIC branch offices will be opened in every township in FY2017-2018. According to the MIC new law, the MIC commission branch offices have been granted to open in every […]

14,000 Tonnes of Wood Set for Tender

Subscribe to our tender alert mailing list Myanmar Timber Enterprise plans to call an open tender for about 14,280 tonnes of wood and timber, the tender committee said yesterday. The committee said timber and wood from Yangon, Sagaing, Mandalay, Ayeyawady, Bago, Tanintharyi regions and Shan, Kachin, and Rakhine states will be sold. The auction will […]

Myanmar Firms Ponder Change As US Sanctions End

The end of US sanctions on Myanmar is forcing local businesses to take a hard look at their operations and consider how they will compete when international firms have gained a significant foothold in the country’s major industries, local economists and entrepreneurs have said. “People have said the reason Myanmar produces lower quality goods is […]