Though prices for imported cars have dropped significantly over the past few months, sales for luxury vehicles have remained low. Very few cars above K20 million have been sold during August, representatives from car trading centers claim. “People anticipate that the stamp duty for changing ownership may increase from 3 to 6 percent. There are […]
Govt sets target for current fiscal year’s timber sales
December 9, 2019 by
The government has set a target of earning US$129 million (K192.9 billion) from the combined sales of teak and hardwood for the current fiscal year, says U Khin Mung Kyi, deputy general manager of Myanma Timber Enterprise (MTE). The target figure was due to lower income and reduced timber production in the previous fiscal year, […]
In China, jade sales enter the era of livestreaming
June 18, 2019 by
Wang Qing was clearly unhappy with the amount being offered for a rock that might contain high-quality jade. Speaking into his phone during a livestream auction in Ruili, a city in Yunnan province on China’s border with Myanmar, he said: “7,000 yuan (RM4,228)? For this? Before you offer a second price, friend, please take a […]
Truck company sets sights on 200-unit target this year
February 6, 2019 by
Although Myanmar’s economic situation has been slow of late, truck company Mitsubishi Fuso Truck and Bus is targeting sales of 200 heavy vehicles locally this year, said Daw Aye Win Tun, sales manager for commercial vehicles for FUSO. The company first entered the local market with its range of light, medium, and heavy trucks in […]
Yangon motor show seeks to boost automotive market
January 25, 2019 by
The Yangon International Motor Show opened on Wednesday with the hope of boosting sales of new vehicles in the country, where the domestic automotive industry is dominated by the used vehicle market. ‘’Our event showcases latest vehicles from top automotive brands currently available in Myanmar along with latest design concept, technologies, and innovations currently shaping […]
Ministry of electricity and energy, National electrification project, Invitation for Bids, Submission Date: 11 September 2018.
July 30, 2018 by
Date: 29th July, 2018 Specific procurement notice IDA Credit No. : 5727-MM Contract Title: Concrete Poles for NationalElectrification Project Reference No.: C1-G11 1. The Ministry of Electricity and Energy has received financing from the World Bank towards the cost of the National Electrification Project, and intends to apply part of the proceeds towards payments under […]
Numaligarh Refinery becomes Myanmar’s sixth fuel retailer
September 5, 2017 by
Assam-based Numaligarh Refinery (NRL), in joint venture with Parami Energy Group, has entered the fuel retailing business in Myanmar. NRL, a subsidiary of BPCL, becomes the sixth fuel retailer in Myanmar, which includes Shell, Total and a clutch of companies from Vietnam and Thailand. Two road tankers, carrying approximately 4,000 gallons of fuel each, will […]
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