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Union budget funds to go on housing projects in Ayeyawun and Yadana
Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private...
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Citizens working overseas expected to boost demand for condo market
Real estate portal Shwe Property will be hold their first real estate expo in Singapore this month on August 26 and 27, targeting Myanmar citizens working in the city state. “It’s the first Shwe...
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Residents stage protest against coal-fired power plant built in MCL Cement Plant
Malamyine residents have staged a protest against the coal-fired power plant at MCL Cement Plant in Kyaikmayaw, Mon State, which may also have been constructed without permission. Aung Kyaw Thu,...
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Grab to invest US$100m in Myanmar as smartphone use surges
[SINGAPORE] Grab, Southeast Asia’s biggest ride-hailing app, plans to invest US$100 million in Myanmar as it extends its battle with Uber Technologies to capture exploding use of smartphones. Grab...
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Colliers Property Report: Yangon Serviced Apartment Q2 2017
Lower-tier modern developments gaining popularity Lower tier but modern projects are gaining more traction while movements from older and poorly maintained serviced apartments are becoming more...
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EU displaces Japan as Myanmar’s Largest Apparel Market
After the reinstatement of Generalised Scheme of Preferences (GSP) rights to Myanmar, orders from European Union have been increasing, and it has now become the top market for Myanmar’s cut-make-pack...
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Tough Tax Policy, Lack of Capital Access for Myanmar SMEs
Small and medium enterprises (SMEs) in Myanmar suffer from arduous tax and monetary policies and lack of access to capital and intellectual property protection. SME owners feel the government needs to...
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Better Gas Technology, Infrastructure Crucial to Solving Power Problem
Myanmar, one of the fastest growing economies in the world, is nevertheless notorious for its insufficient supply of power. Despite several State and regional Master Plans and programs, just one third...
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US has opportunity to solve Myanmar’s energy dilemma
Unable to meet soaring domestic demand for energy, Myanmar’s government is said to have entered preliminary discussions over a deal to buy electricity from China. At the beginning of this month,...
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More firms to be listed on Yangon stock exchange
PEOPLE’S interest in trading on the Yangon stock exchange does not seem to be growing 18 months after its launch but more companies are nevertheless keen to be listed, say officials. Htay Chun, a...
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Vietjet to commence Hanoi – Yangon route
Kuala Lumpur – Vietjet recently launched its newest international route connecting Hanoi (Vietnam) with Yangon (Myanmar). The ceremony was witnessed by Mr. Pham Binh Minh– Politburo Member, Deputy...
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Yangon Low-Cost Apartments to Be Sold Next Month
Apartments in five low-cost housing projects will be sold based on a drawing-lots system at the Office of Urban and Housing Development Department on September 2, U Nway Hmu, deputy director of the...
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US Solar Power Company Helping to Light up Myanmar
Myanmar is working to make more solar power available to its farmers, following in the footsteps of India and Africa, with the help of a U.S. company. The government has set a goal of achieving 100%...
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Looking for a Business Development Executive for Enterprise IT Solution...
We have been engaged by a leading IT Solution Vendor in Asia to look for a highly effective and driven sales person. Are you the one? Our client is in the Enterprise IT Solution business in Asia. It...
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Mandalay invites bids for CCTVs at 32 traffic lights
The Mandalay City Development Committee (MCDC) is inviting open tenders for installation of 11 SCATS system real-time traffic light sensors and CCTV cameras at all traffic lights installed with SCATS...
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Mandalay merchants deny scandal
Merchants from Mandalay Region have rebutted a social-media rumour that six bean dealers have stolen millions of kyat. Soe Win Myint, owner of the Soe Win Myint wholesale centre, said: “In Mandalay we...
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IFC Approves Support for Controversial Tycoon’s Mandalay Cement Project
The World Bank’s private sector lending arm the International Finance Corporation (IFC) has given the go ahead to support a multi-million dollar plan to expand a cement factory in Mandalay Region,...
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Economy More Important Than Democracy in Myanmar, Survey Says
YANGON — Myanmar people rated economic development as more important than democratic reform, according to a survey of Myanmar public opinion by the International Republican Institute (IRI) released on...
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Myanmar’s startups map past, shape future with virtual reality
YANGON – Gasps echo across the hall as the Myanmar school kids trial virtual reality goggles, marveling at a device that allows some of Asia’s poorest people to walk on the moon or dive beneath the...
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