fbpx

Govt Promises to Meet Myanmar’s Rising Electricity Demand

Yangon — The Ministry of Electricity and Energy is hoping to expand electricity access to half of the population by December, according to Deputy Minister U Khin Maung Win. Of 10,877,832 households in Myanmar, 5,140,061 – or 47 per cent of the population – had access to electricity by October. The deputy minister told the […]

Lack of Funding Fueling Corruption in Forestry Sector, Senior Official Says

More than 3,200 Forestry Department staff overseen by the Ministry of Natural Resources and Environmental Conservation have been subject to disciplinary action over the past seven years, department director U Khin Maung Win said, adding that the problem is largely a result of under-funding. They were disciplined for violations including bribery and corruption, negligence, misconduct, […]

National Prosperity Company to be sued over gold debt

The National Prosperity Company (NPC), which has been mining gold at Moehti Moemi mine in Yamethin township, Mandalay, will face civil charges over its remaining gold debt to the state amid the termination of its contract, said U Khin Maung Win, deputy general manager of the mining enterprise No. 2 and branch head of the […]

Invitation for Price Quotations, Ministry of Electricity and Energy invites eligible suppliers to express the interest, Closing Date: 8 June 2018.

The Republic of the Union of Myanmar has received financing from the International Development Association (IDA) towards the cost of Electric Power Project (EPP). The IDA No. of the financing agreement is No. 5306 MM. The Electric Power Generation Enterprise (EPGE) of the Ministry of Electricity and Energy in its role as implementing agency of […]

Myanmar Aims to Harmonise Hotel Industry, Environment

The newfound political stability in Myanmar since the peaceful transition to democracy began two years ago has led to a boom in the country’s hotel industry, buoyed by the influx of tourists. But in the rush to construct more hotels to provide accommodation for the bourgeoning tourism sector, issues related to environment and environmental conservation […]

New insurance scheme to provide aid in obtaining loans

Co-operative Bank (CB) is preparing to launch a new Credit Guarantee Insurance (CGI) system so that it can extend wider financial assistance to the country’s small and medium enterprises (SMEs). CGI covers businesses against non-payment of debts owed to them by business customers for goods or services provided on credit terms. As part of that […]

Gas-fired plant in Mandalay to operate with BOT agreement

The biggest gas-fired power plant, with a capacity of 225 megawatts, will start operations in December this year in the Taungtha and Myingyan district in Mandalay Region, a senior official from the Ministry of Electricity and Energy (MOEE), told The Myanmar Times. The project, which is estimated to involve US$300 million (K410.18 billion) investment, is […]

Agriculture Sector to Get Loan to Boost Exports

​​ Myanmar’s agriculture sector will get a loan aimed at helping the country’s exports in order to reduce the trade deficit, according to the Deputy Minister of Planning and Finance, U Khin Maung Win, More loans aimed at other sectors were in the pipe-line, the minister added. Deputy minister U Maung Maung Win led a […]

Political transition heralds higher-quality products

Political change could be leading to lifestyle change, business sources say. They point to a new willingness to import higher-quality brands, on the grounds that the Myanmar people have voted to change the old ways for something different – something better. U Khin Maung Win, managing director of VSK International, said, “The country is changing, […]

Busy signal for handset market

Rapid growth in the number of domestic mobile users is creating opportunity for mobile handset makers to expand their sales. While the local handset market has traditionally been dominated by a handful of brands, several new entrants are pushing their products in the hope of growing market sharing in a rapidly expanding business. A June […]