YANGON, July 24 (Xinhua) — Two Myanmar private organizations have signed a memorandum of understanding (MoU) with China’s CITIC Construction to implement an agronomics service center project, Myanmar News Agency reported Monday. The MoU, which involves Myanmar Rice Association and Myanmar Agronomics Public Corporation, was signed in Nay Pyi Yaw in the weekend. The project […]
Foreign firms bid for telecoms contract
March 14, 2016 by
Subscribe to our tender alert mailing list An international telecoms firm will be chosen at the end of the month to partner with a nationally owned public company to form Myanmar National Telecoms, a fourth telecoms operator. “Applications closed on January 8 and received seven foreign applications to join Myanmar National Telecoms. We don’t know […]
Fourth Telco Operator to be Named in Mid-2016
February 25, 2016 by
The government expects to select the fourth telecommunication operator in the months of June or July, an official said. U Chit Wai, deputy permanent secretary of the Ministry of Communications and Information Technology (MCIT) and a member of the Tender Selection Committee, told Myanmar Business Today, “One of the foreign companies will be selected […]
In Myanmar and Thailand, two militaries moving in opposite directions
February 8, 2016 by
Kevin Rafferty says as the generals in Myanmar cede power in the historic handover to civilians, Thailand’s ruling junta should remember the dangers of prolonged military rule on a nation’s economy and social fabric. Who would ever have imagined it – singing karaoke, dancing and joking. This was not some theatre vaudeville event but the […]
Burmese oil explorer keen to invest in India
February 8, 2016 by
A Myanmarese businessman with stakes in South African and Australian offshore oil blocks is keen to invest in diverse sectors in India which is poised to become the world’s fifth largest consumer market by 2030. But he says India still needs to bring business reforms to attract foreign investments. “Yes I am looking for some […]
Digicel’s Myanmar deal adds to Islamic finance landscape
May 13, 2015 by
May 5 Cellular operator Digicel Group Ltd has obtained $60 million in sharia-compliant financing for its Myanmar venture, helping widen the reach of Islamic finance transactions as the sector continues to expand into new markets. Islamic finance has seen a string of landmark deals over the past year, with debut sovereign Islamic bonds (sukuk) from […]
Most Chinese tourists prefer e-visas
March 20, 2015 by
Chinese nationals top the list of foreigners who enter Myanmar using an eVisa (visa on arrival), according to the Immigration Department at Yangon International Airport. A total of 18,700 Chinese nationals entered the country using visas on arrival in the first two months of this year. More than 300,000 foreigners, mostly Chinese, have used this […]
E-visa drives out visas on arrival
March 11, 2015 by
The number of foreigners using visas on arrival has been declining after the introduction of e-visa system, according to the Immigration Department. The e-visa system was launched on September 1, 2014 for 41 countries, most of which are in Asia. On October 2, 24 more countries were included in the programme, including several European countries. […]
South Africa interests to invest in Myanmar
December 9, 2013 by
YANGON—A business forum was held at the Park Royal Hotel this week to increase cooperation and boost trade ties between Myanmar and South Africa. A business delegation led by South Africa’s Deputy Minister for International Relations and Cooperation, Ebrahim Ismail Ebrahim, is visiting Myanmar to explore investment possibilities here and to invite the country’s investors […]
