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Project to bring changes to Sittwe’s waterfront by next year

A mixed development waterfront project on along the Kaladan River in Sittwe, Rakhine is now 90 percent done and is expected to be complete by the middle of next year, Steve Park, CEO of Korean developer BXT International Co, told Myanmar Times. The remaining work involves the completion of roads, drains and power grids at […]

Get All Myanmar aims high for rapid growth to expand overseas

WITH online to offline (O2O) platforms on the rise across Asia, Get All Myanmar Co, a locally owned enterprise that began commercial operations in February this year, is confident that it will be able to expand overseas in a few years, according to Nyein Chan Soe Win, the firm’s co-founder and chief executive. “We have […]

Why Myanmar matters so much for India

President Ram Nath Kovind will be on a four-day state visit to Myanmar starting on December 10. This will be the fifth high-level visit between the two countries in the last four years. Prime Minister Narendra Modi’s visit last year was the third by an Indian prime minister in five years and his second in […]

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 […]

Foreign investments to be invited for the upgrade of jetties

Foreign investments will be sought to upgrade jetties along the coast into international-standard ports as additional capacity is needed to supplement the Yangon port, which now handles 90 per cent of sea-based goods transport. “Jetties along the coast are mainly used for handling domestic cargo. They will become international ports when there is an inflow […]

After Chabahar Port, Myanmar’s Sittwe big on India’s radar

After Chabahar Port in Iran, Sittwe in Myanmar may emerge as the next overseas strategic port for India. The Ministry of External Affairs (MEA) is helping to develop Sittwe Port, located at the estuary of Kaladan river in the troubled Rakhine province of Myanmar, for improving connectivity with Mizoram in the North East. Arun Kumar […]

India to expedite projects in Myanmar

NEW DELHI, Oct 31 – Facing long delays, the Centre has decided to expedite work on a number of ongoing projects in Myanmar, which are crucial for India’s Act East Policy.According to sources, it was envisaged that work in projects like Kaladan Road, construction of 69 bridges for the Trilateral Highway Project and construction of […]

External trade rises year-to-date, but border trade stalls

Trade between Myanmar and its international counterparts hit $16.9 billion between April 1 and October 13 in the current fiscal year, government data revealed. That’s an increase of $2.9 billion over the same period in the previous fiscal year. The rise in external trade came despite a substantial drop in business at many of Myanmar’s […]

Kaladan woes reflect frustrated Indian vision for Myanmar and Southeast Asia

India’s ambitions to establish a foothold in Myanmar and strengthen ties with Southeast Asia risk being jeopardised by the ongoing Kaladan project. This ambitious venture exposes India’s overseas infrastructure failings, and thus its inability to push rival China aside. Long deterred by Myanmar’s status as a military dictatorship, India has only relatively recently built substantial […]

DICA Advocates for Investment in Conflict Zones

By the end of the month, the Myan­mar Investment Commission will open a branch office in Sittwe to “provide a solution to re­gional conflict,” U Than Aung Kyaw, Deputy Di­rector General of Direc­torate of Investment and Company Administration (DICA) told Myanmar Business Today. Both the Union and State governments have expressed their desire to achieve […]