Route of new Muse-Mandalay express railroad selected

Photo - EPA   The route has been finalised for the Muse-Mandalay high-speed railway line to be built by Myanmar and China, according to Myanma Railways.   The project is part of Myanmar’s cooperation in the China-Myanmar Economic Corridor (CMEC). The railway will begin near Myitnge in Amarapura township in Mandalay, and will pass through 11..
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Myanmar foreign loans rise to US$10.2B in last fiscal year

    Myanmar has accumulated US$10.2 billion in debt owed to more than 20 countries and multilateral organisations, the Joint Public Accounts Committee of the Pyidaungsu Hluttaw noted in a report on the Union budget for the 2017-18 fiscal year.   The committee said the Ministries of Home Affairs; Agriculture, Livestock and Irrigation; Transport and..
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DCA starts tender process for Kawthoung airport upgrade

The Yangon International Airport. The Myanmar Times   The Department of Civil Aviation (DCA) last week started a tender process for the upgrading of Kawthoung airport in Tanintharyi Region and is now calling for requests for proposals.   Interested parties have until November to submit the relevant documents. The entity undertaking the upgrade must be..
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Myanmar Citizens Bank to increase SME access to finance

Myanmar Citizens Bank is listed on the Yangon Stock Exchange. Photo: The Myanmar Times   Yangon-listed Myanmar Citizens Bank (MCB) inked an agreement with the International Finance Corporation (IFC) to increase access to finance for small businesses and individuals.   The IFC will provide advice to the public lender to transform and modernise its business..
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PTTEP raises sales volume to 8.5% this year

Exploration and Production Public Company Limited targets to increase its sales volume for five years term.  Photo : mna   PTT Exploration and Production Public Company Ltd has raised its sales volume of 318,000 barrels of oil equivalent per day (BOED) to 345,000 barrels, or 8.5 per cent, for 2019 from its natural gas and..
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Special economic zones pull in over $208 mln in investment

Over 110 enterprises, including four domestic businesses, enter the Special Economic Zones in Yangon.PHOTO : NAY LIN   MORE than 110 enterprises, including four domestic businesses, invested US$208 billion in the Special Economic Zones (SEZs), under the Special Economic Zone Law, as of 10 July in the current fiscal year, according to figures released by..
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Myanmar to call international tender for power delivery

Myanmar will hold an international tender for gas to be delivered to the country via floating power plant to generate the electricity required to meet rising demand in Yangon by summer 2020, a senior official from the Ministry of Energy and Electricity (MOEE) told The Myanmar Times. “We will invite an international tender. We will..
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