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Fuel sector tops foreign investment list
The oil and gas, transport and telecommunications sectors topped the foreign investor list, with US$4.9 billion invested by the end of December during this financial year. Oil and gas came top with...
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IHH breaks ground on first Yangon hospital
IHH Healthcare Bhd has broken ground on the US$70 million, 250-bed Parkway Yangon hospital in Yangon, Myanmar. The hospital project is 52 per cent owned by IHH’s wholly owned subsidiary Parkway...
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Korean state firm eyes first industrial zone
State-owned Korea Land & Housing Corporation (KLHC) is collaborating with the Ministry of Construction on a new US$120 industrial complex, according to officials involved in the process. The...
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Myanmar oil and gas: Going against the flow
For the first time since 2004, both the price Brent Crude and US crude have fallen below $30 a barrel. Many oil and gas production centres are floundering amidst the current crisis, yet one South East...
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Only Suu Kyi Speaks for NLD, Party Says After Speaker Slip
The National League for Democracy (NLD) announced on Friday that party chairwoman Aung San Suu Kyi is the only person authorized to speak publicly about the party’s policy decisions. In a statement...
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Risks loom for Myanmar’s Kyaukphyu Economic Zone
The end of 2015 saw a series of major announcements and decisions regarding Myanmar’s latest special economic zone (SEZ) in Kyaukphyu township of Rakhine State. In late December, Myanmar’s government...
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USDP Member Khin Shwe Defends His Support for Suu Kyi
Khin Shwe, a distinguished member of the Union Solidarity and Development Party (USDP), has disavowed rumors that he is facing expulsion from the party over his support for the opposition in a Nov. 8...
View ArticleMyanma Timber Enterprise invites open tender for Teak Conversions; Closing...
MINISTRY OF ENVIRONMENTAL CONSERVATION AND FORESTRY MYANMA TIMBER ENTERPRISE EXPORT MARKETING & MILLING DEPARTMENT INVITATION FOR OPEN TENDER 1. Myanma Timber Enterprise will sell Teak Conversions...
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Construction begins on Mahabandoola rental housing project
Yangon—Construction on the Mahabandoola rental housing project has begun in South Dagon Township this month, sources say. The regional government granted contracts to 26 local construction companies,...
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Foreign firms take aim at Myanmar’s 4th licence, despite risks
Seven foreign companies have submitted applications to enter Myanmar’s fast-growing telecoms market as the government moves forward on plans to award a fourth mobile licence this year. The companies,...
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High hopes for business zone on China-Myanmar border
An ambitious new economic zone at Myanmar’s largest trading point with China will bring new business opportunities for the two countries, officials and residents said at the project’s soft opening in...
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IHH makes foray into Myanmar
Its indirect unit is opening US$70mil hospital in Yangon KUALA LUMPUR: IHH Healthcare Bhd, through its indirect wholly-owned subsidiary, Parkway Healthcare Indo-China Pte Ltd, held a groundbreaking...
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Parliament passes condominium law
Mired in legislative gridlock until the dying days of the outgoing government, the condominium law finally squeaked through parliament on January 22 after years of back-and-forth argument between the...
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Private hospital to be built on govt land
A large plot owned by the Ministry of Health in front of the University of Nursing at the corner of Bogyoke Aung San and Pyay roads in central Yangon has been leased for a private hospital, according...
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Shop owners quarrel over Mingalar market future
Construction of a temporary replacement for Mingalar Market, which was destroyed by a fire on January 9, may be delayed due to disagreement on whether to reconstruct the market or build a new one,...
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Yangon official takes fresh aim at high-rise projects
A yangon official known for his outspoken views has publicly criticised two high-rise projects, including a Singapore-backed condominium, and says he has imminent plans to target several more. U Khin...
View ArticleDepartment of Rural Development invites EOI for Off-Grid – Solar PV...
REQUEST FOR EXPRESSIONS OF INTEREST Individual Consultant Ministry of Livestock, Fisheries and Rural Development Department of Rural Development (DRD) Myanmar: National Electrification Project (NEP)...
View ArticleUNDP invites International Consultant for finalizing REDD+ Training Manual...
INDIVIDUAL CONSULTANT PROCUREMENT NOTICE Country Myanmar Description of the assignment International Consultant for finalizing REDD+ Training Manual and Glossary Period of assignment/services 15...
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Buyers Remain Cautious as Condominium Law Approved By Parliament
Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase. Three years in the...
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China and Myanmar’s SEZs: strategic partnership or can of worms?
Since coming to power in 2011, Myanmar’s President Thein Sein has distanced the country from its previously tight-knit relationship with China in favour of rapprochement with the west and Japan. Yet...
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