IOC bids for fuel marketing and retail rights in Myanmar

New Delhi: State-run Indian Oil Corp (IOC) has bid for rights to import, store and distribute petroleum products in Myanmar. “We have put in a bid to enter fuel marketing and retail business in Myanmar,” a senior company official said. Myanmar Petroleum Products Enterprise (MPPE) last year invited companies to form a joint venture for […]

Power sector: Lofty goals, missed targets

The power sector in Myanmar over the past five years has been characterized by ambitious plans and unrealized targets. While a few power projects have been completed during the outgoing government’s term, others were suspended or cancelled and dozens more remain in limbo. Myanmar remains one of the least-powered countries in Southeast Asia. Just over […]

Yangon region govt proposes K8,000 billion city development plan

The Yangon region government has its local parliament for over K8,000 billion [US$8 billion] to develop seven areas Myanmar’s commercial capital. Yangon City Mayor U Hla Myint, speaking on behalf of the regional government, told parliament that urban development projects will be implemented in the eastern and southeastern parts of Yangon, as well as in […]

Real estate roller-coaster

After shooting up in 2013 and 2014, excessive speculation and political uncertainties combined are pushing down exorbitant rents Rental rates for luxury apartments in some parts of Yangon have been steadily declining since September 2014, while rates for basic apartments have remained stable, according to real estate market forecasts. “The rental charges in the real […]

Myanmar to establish new ICT zone in eastern Yangon

YANGON, April 21 (Xinhua) — Myanmar is planning to establish a new information and communication technology (ICT) zone in Thanlyin, eastern Yangon, to boost development of ICT in the country, local media reported Tuesday. Over 120 hectares of land plot have been designated for the new ICT zone and tender for developing the zone has […]

Ongoing housing developments fall short of local demand

Housing projects currently in progress in Myanmar can barely fulfill people’s need for shelter, according to the Department of Human Settlement and Housing Development. “Right now, public need differs from region to region. Few are working to fill these needs,” said Nay Min Htet, deputy director of the Department of Human Settlement and Housing Development […]

Ministry of Energy to invite open tender for Conveyance of Yetagun Condensate in Thanlyin; Closing Date: January 15, 2015

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. INVITATION FOR OPEN TENDER (TENDER NO.6(T) MPE/ CONDENSATE (2) / 2014-2015) 1. Open Tender is invited for the Myanma Petrochemical Enterprise, the Ministry of Energy for the Conveyance of Yetagun Condensate 0.7 Mbbls (±5%) from Yetagun Marine Terminal […]

Ministry of Mines to invite Expression of Interest for Tin Smelting and Refining Plant; Closing Date: November 28th, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Mines No. (2) Mining Enterprise Invitation of Expression of Interest (EOI) for Cooperation Private Public Partnership (PPP) in Tin Smelting and Refining Plant (Thanlyin) 1. No. (2) Mining Enterprise, Ministry of Mines intends to cooperate with […]

Thai Coup Leaders Trigger Oil Investment Rush Into Myanmar

The military takeover in Thailand is prompting a new push by the country’s oil companies to press for business in Myanmar, an industry analyst said. The state-owned Thai Oil Plc disclosed it is bidding for a contract to renovate and operate the Thanlyin refinery near Yangon and make other investments, and PTT Global Chemical has […]

Buyers losing money in land scams in Dagon Myothit, Thanlyin

People seeking to buy land have lost money in scams in which brokers resell blocks in four townships in Dagon Myothit and Thanlyin with the use of fake contracts and help from officials at the Human Settlement and Land Record Department and Yangon City Development Committee. Phoe Phyu, a lawyer from Purple Equity law firm, […]