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Tom n Toms plans Myanmar expansion

South Korean Cafe chain Tom n Toms has started to launch outlets in Myanmar. Tom n Toms Myanmar has opened two locations in Yangon so far, at the international airport and the Kantharyar Centre, with a third planned for Yankin Township. Information from Myanmar International Business Alliance Company operation director Aung Sithu Khant revealed a […]

OUELH expands into Myanmar healthcare with US$19.5m acquisition

OUE Lippo Healthcare (OUELH) is venturing into Myanmar with stake acquisitions in two joint venture companies that own three hospitals, one medical centre and two clinics. This will give the company presence in the key cities of Yangon, Mandalay and Taunggyi, the subsidiary company of OUE Limited said on Thursday. OUELH’s wholly owned units have […]

Ministry of electricity and energy invites sealed bids from eligible bidders for Installation of Distribution Lines and Transformers MOEE-NEP/C1-W4/18, closing date: 29 October 2018.

Specific procurement notice Date : 12th September, 2018 Invitation for Bids IDA, Credit No : 5727-MM Contract Title: Installation of Distribution Lines and Transformers for Shan (East), Shan (South), Shan (North) & Bago (East), Naypyitaw for National Electrification Project Reference No : MOEE-NEP/C1-W4/18&MOEE-NEP/C1- W5/18 1. The Republic of the Union of Myanmar has received financing […]

Illegal trade more rampant than before, govt measures not effective

Government efforts to prevent illegal border trade have not been effective or sufficient and counterfeit goods are still being smuggled into the country. In fact, things are worse than before. “Illegal trade can’t be controlled. Illegal trade is worse than before even though measures were taken to reopen some of the border gates by the […]

Myanmar likely to open more sectors to FDI

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

Myanmar-China Friendship Association eyes enhanced Myanmar-China ties

YANGON, May 13 (Xinhua) — The Myanmar-China Friendship Association on Sunday laid down a seven-point program to be implemented in the future, with the association chairman U Sein Win Aung calling for building friendship with neighboring countries. The program, adopted at the 5th annual meeting of the Myanmar-China Friendship Association (Central) held in Yangon, is […]

Are municipalities Myanmar’s champions of reform?

2017 was a difficult year for Myanmar. The rocky peace process and crisis in Rakhine have complicated the government’s effort to put together a reform agenda following five decades of authoritarian rule. In such a challenging context, it is easy for bureaucratic inertia to set in and for people within government to become more risk […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

Food2U raises six-digit investment

Food2U, Myanmar’s home-grown food delivery platform, has raised a six-digit investment from Premium Distribution, a distributor in retail, food services and non-food products, dealstreetasia reported quoting sources familiar with the development. Premium Distribution is known to be backed by City Mart Holdings, Myanmar’s icon in the retail industry. It imports and distributes products including brands […]