More than 250 filling stations were allowed within ten months in 2019, bringing Myanmar’s total count to 2,462 filling stations across the country, according to figures from the Ministry of Electricity and Energy. There are 94 filling stations in Nay Pyi Taw, 186 filling stations in Yangon Region, 647 filling stations in Mandalay Region, 214 […]
Myanmar and Japan to form JV for Hanthawaddy Airport construction
July 15, 2019 by
Myanmar and Japan have reportedly revived negotiations to form a joint venture (JV) for the construction of Hanthawaddy International Airport. The airport will be built in the Bago Region of Myanmar and is likely to entail an investment of around $1.5bn. Authorities from the Myanmar and Japanese governments have already met several times to prepare […]
Yangon govt seeks parliament approval for K8B road project
February 11, 2019 by
The Yangon government has asked the regional parliament to allow it to use K8 billion (US$5.25 million) of the money meant for construction of pedestrian bridges and investment in foreign banks for road development instead. Regional Minister for Planning and Finance U Myint Thaung submitted the proposal to the Yangon Parliament on Tuesday. “These projects […]
Department of highways, Ministry of Construction, Invitation for bid, Submission Date: 9 November 2018.
September 20, 2018 by
1. The Government of the Union of Myanmar has received a loan from Japan International Cooperation Agency (JICA) towards the cost of “Regional Development Project for Poverty Reduction Phase 2 MY-P17”. It is intended that part of the proceeds of this loan will be applied to eligible payments under the Contracts for the construction of […]
MPs urge govt to rein in farmland sales
August 23, 2018 by
The subdivision and selling of farmland must be done by the national government, not by local management and development committees, a legislator in the Upper House has said. U Myo Win, MP for Mon State constituency 1, underscored the need for the national government to regulate the activities of management and development committees in townships […]
FMI terminates investment in Yeni Industrial Town Project
July 3, 2018 by
First Myanmar Investment Company (FMI) yesterday announced the termination of its agreement to invest in Asia Golden Glory Development Co, the company involved in developing the Yeni Industrial Town Project. In an announcement filed with the Yangon Stock Exchange, FMI said it had terminated a 2017 agreement for it to acquire a 30 percent stake […]
Myanmar not ready yet for auto boom
June 27, 2018 by
THOUGH MYANMAR has the potential for a boom in its automotive industry, it may take more than five years to enjoy tangible benefits in reality, according to Soe Tun, president of Myanmar Automobile Manufacturers and Distributors Association and managing director of Farmer Auto Trading Co. “It is not the right time for newcomers to enter […]
Unfair taxes, illegal border trade stifle Carlsberg’s Myanmar plan
June 15, 2018 by
Michael Jensen, managing director of Carlsberg Myanmar, didn’t bother to hide his frustration at the environment in which his brewery has been forced to do business in the country. “We are faced with a tax regime that is completely unfair, incredibly bothersome bureaucratic procedures and illegal trading of beer across the Thai and China borders,” […]
River-crossing gas pipe project in progress
June 6, 2018 by
Union Minister for Electricity and Energy U Win Khaing inspected the laying of a new gas pipeline across Sittaung river between Kyaikto Township in Mon State and Waw township in the Bago Region yesterday. Accompanied by Deputy Minister Dr Tun Naing and officials, the union minister arrived at the project site to replace a 12-inch […]
