Ministry of Electricity And Energy: Myanma Oil And Gas Enterprise – Invitation for Open Tender

Myanmar watermelon traders have begun to feel the pinch of the coronavirus outbreak as Chinese buyers have stopped showing up at border crossings to buy their produce. 26 Chinese buyers failed to turn up as usual at Muse border gate in Shan State, leaving 200 trucks of watermelons and muskmelons without buyers.There are restrictions in Yunan […]

Investments from China and Hong Kong in power generation projects in Myanmar have hit a total of almost US$800 million (K1.15 trillion) in just over three months.The Directorate of Investment and Company Administration (DICA) announced that, between November 2019 and January this year, that it had approved projects by a joint-venture between China National Technical […]

Singapore’s sovereign wealth fund, GIC Pvt Ltd (GIC), and Norway’s private equity firm, Norfund, have bought a substantial stake in Yoma Bank, led by tycoon Serge Pun.GIC and Norfund will be buying a 30 percent stake in Yoma Bank for K130 billion (US$89 million) in the latest round of funding. Yoma Bank became the first […]

Myanmar traders are stockpiling corns to export them to Thailand, but a high import barrier is posing difficulties, said traders from the Myawady border area.Under a bilateral agreement between Thailand and Myanmar, corn exports were exempted from tax between 1 February and 31 August, 2019. At present, high taxes are serving as a hindrance to […]