Yangon-Dalla bridge construction gets underway

The Yangon-Dalla river bridge project will be started in January 2018 and currently ground clearing work is underway, a Dalla constituency legislator of Yangon Region Assembly said. The bridge will connect Hponegyi Road on the Yangon side with the Bominyaung Road on the Dalla side. Yangon Region Legislative Assembly Dalla Constituency 2 legislator Tun Yin […]

Three gas turbine power plants expect to generate sufficient electricity supply next year

Three new natural gas-fired power plants with the capacity to generate more than 450 megawatts of power are expected to go live before the coming summer season. That should satisfy the energy demands of the country for 2018, said U Khin Maung Lay, deputy managing director of the Ministry of Electricity and Energy’s (MOEE) Electric […]

Government to provide LPG to Yangon households

The government aims to cut electricity use in Yangon Region with the distribution of liquefied petroleum gas (LPG) to 150,000 households in December, a senior energy official said on Thursday. The move was also aimed at reducing the using of wood for cooking in order to conserve the environment, according to Ministry of Electricity and […]

MIC Approves Foreign Forestry Joint Venture

The Myanmar In­vestment Commission (MIC) has green lit their second ever foreign investment in the forestry sector, according to a Directorate of Investment and Company Administration (DICA) on August 30. The Investment was awarded to Global Agriculture Joint Venture Co., Ltd, a joint venture between UK company Kruilight Co., Ltm. and the Department of Forestry. […]

Private banks hike lending to SMEs

SMALL and medium enterprises in Myanmar will soon get greater access to finance as private banks plan to extend more credit to boost the economy, according to speakers at the Amcham Financial Services Forum held last week. Zaw Lin Aung, managing director of KBZ Bank, the largest private bank in Myanmar with the largest retail […]

Union budget funds to go on housing projects in Ayeyawun and Yadana

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]

Myanmar striving to lure foreign investment

Myanmar continued to strive for attracting foreign investment into the country in the current 2017-18 fiscal year which began in April. During the first four months of the fiscal year up to July, 3.1 billion U.S. dollars of the investment was brought in from 95 enterprises of 20 countries, creating 30,000 job opportunities for local […]

Local Company Submits Proposal for Yangon- Mandalay Oil Pipeline

Myanmar Energy Sector Devel­opment Public Company Limited (MES­DPCL) has submitted a $300 million pipeline proposal to the Ministries of Planning & Finance and Electric Power & En­ergy, said Dr. Win Myint a member of the board of directors. The plan outlines the construction of two pipe­lines, each 14 inches in diameter, running 650 kilometers from […]

Yangon’s economy–the strength of the nation

Yangon Region is a place where most of the income of the nation earns. All the goods are also flowing into the region from every corner of the country. Economic development in this region will surely bring about development of other regions and states. The following is the views of economic experts on development of […]

Philippines invites tender for Myanmar rice

Subscribe to our tender alert mailing list The Philippines’ National Food Authority has invited a tender for Myanmar to supply the country with rice, according to the Ministry of Commerce. The Consumer Affairs Department, under the ministry, held a meeting at its office in Yangon Region on Saturday to discuss the tender invitation. The discussion […]