SMEs Need Support Formalising Their Business, Say Insiders

With the government seeking deeper engagement with business leaders in Nay Pyi Taw this weekend at a workshop to gain input into the country’s economic policy, Myanmar’s small and medium enterprises are hoping for a policy that encourages greater formalisation of the sector, industry sources say. Some 90 percent of businesses in Myanmar are SMEs, yet only […]

Ministry Aims to Wrap Up Fuel Station Tender This Year

Subscribe to our tender alert mailing list The Ministry of Electricity and Energy will try to finalise a scrutiny process of tender proposals from foreign companies for joint venture fuel sale businesses in Myanmar this year. There are only three companies that submitted proposals to the Ministry so far. The companies are from India, Indonesia […]

Small industrial zones lack government support

Investment should be directed toward upgrading the country’s ageing industrial zones, as the government contemplates launching new ones, say Yangon industrialists. As the Yangon Region government and Myanmar Investment Commission (MIC) mull the regeneration of the country’s industrial base, the owners of existing factories say more can be done to make them competitive. U Ko […]

Work on Thilawa ‘Zone B’ to begin after rainy season

The investors behind Myanmar’s first special economic zone will start accepting proposals for factories in second zone known as “Zone B” at the end of the rainy season, as both phases of “Zone A” near completion, with US$760 million in foreign investment committed to the project so far. Myanmar Thilawa SEZ Holdings chair U Win Aung told The […]

No winner for Thanlyin Oil Refinery

Subscribe to our tender alert mailing list The Ministry of Energy will call another tender to refurbish the Thanlyin oil refinery, after the previous candidates have fallen short. In January, it was announced that two firms – Thailand’s PTT and Singapore’s Puma Energy – had been shortlisted, after about 20 international and local companies had […]

Thilawa interest coming from Japan

Over half of the 42 companies that have committed to building in Thilawa special economic zone are Japanese firms, according to U Myint Zaw, general manager of Myanmar Japan Thilawa Development. While there are currently no factories up and running at the site, construction is moving forward and some of the factories ought to be […]

Black market persists for Ooredoo SIMs

While Ooredoo SIM cards officially went on sale last week at K1500 per card, consumers in Yangon and Mandalay have reported that a black market selling cards at inflated rates has already sprung up. Reports from Yangon and Mandalay indicate that the average price for SIMs is K5000, with some going as high as K40,000. […]

Ministry Drafts Long-term Plan to Tackle Energy Crisis

The Asian Development Bank (ADB) and the Ministry of Energy (MoE) are said to be in the process of drafting and implementing a long-term energy master plan, according to U Myint Zaw, deputy minister for energy. According to statistics released by the MoE, Myanmar produced only 42 percent of gasoline and 11 percent of the […]