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New Yangon business district to cost $350m
A New central business district in the north of Yangon will be built at a cost of almost US$350 million, with construction to begin next year, pending Myanmar Investment Commission approval. The...
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Sales to rise, prices to fall, say Yangon real estate agents
Real estate is likely to bounce back in 2016 after more than a year of depressed sales, while prices will fall as new supply comes online, said investors and agents. Following a relatively smooth...
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Suu Kyi lays down law on party discipline to new Myanmar MPs, cautions...
Aung San Suu Kyi has warned newly minted MPs she will not tolerate poor discipline or wrongdoing, party members said today (Nov 28), as Myanmar’s democracy champion began marshalling her opposition...
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Yangon’s struggling industrial zones need support: interview
Yangon’s industrial zones have been left largely to fend for themselves while the government focuses instead on trophy projects such as a new special economic zone at Thilawa, says U Myat Thin Aung,...
View ArticleUEC invites open tender for National Businessmen to build the office in...
Republic of the Union of Myanmar Union Election Commission Mon State, Thaton district Election Commission department, Thaton Township Invitation for Open Tender 1. National businessmen are invited to...
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Thai spirits sagging while Myanmar rises
BANGKOK — Do not be fooled by the throngs of Chinese tourists clogging the entrance to the gilded Grand Palace, the roads buzzing with traffic or the plastic smiles of hostesses greeting the business...
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Another paper bites the dust
Claiming “financial crisis”, Messenger Media yesterday published the last issue of its daily Messenger newspaper. The three-year-old paper was a free sheet for its first two years, but the...
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Ayeyar Hinthar opens Ayeyarwady Farmers Development Bank
Ayeyarwady farmers could benefit as early as next year from a bank being set up to promote the development of agriculture, and eventually industry and fisheries. The regional government, with 15...
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Bago airport to improve Myanmar’s reputation: minister
Myanmar’s future as a regional aviation hub depends on wide-ranging developments and improvements centred on the future Hanthawaddy Airport, the minister for transport said. Speaking at a seminar to...
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CB Bank chair to open industrial zone
The chair of one of Myanmar’s largest banks is turning his hand to a new sector, with a plan to open Taungoo township’s first industrial zone, which he hopes will entice hundreds of thousands of...
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DICA issues revised list of ‘out of touch’ companies
The Directorate of Investment and Company Administration has published a revised list of companies to be struck off its register, after receiving a number of complaints from businesses named on the...
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Foreign investors compete for mixed-use Yangon project
Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay....
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Shwe Taung launches $300m project in downtown Yangon
Shwe Taung Group of Companies yesterday launched a mixed-use project worth US$300 million in the centre of Yangon, demonstrating that the local conglomerate has shaken off its controversial past to...
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Telenor signs agreement with Malaysian towers company
Telenor Myanmar has signed a memorandum of understanding with Malaysia telecoms service provider OCK Group and its local Myanmar partner, King Royal Technologies, the Shah Alam-based company announced...
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Average population density in Yangon reaches to 16,000 per square mile
The average population density for Yangon has reached about 16,000 people per square mile, and most of them are living in downtown areas, Sanchaung, Kyimyindine and Kamayut townships, according to the...
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China or India: Difficult choice for new Myanmar government
Even as the Aung San Suu Kyi-led National League for Democracy (NLD) is expected to form a new government in Myanmar, China has lost no time in diagnosing the import of the party’s victory and is all...
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Foreign developers fuel commercial boom in Yangon
Large commercial complexes are popping up in Yangon as foreign property developers seek to cash in on an expected surge in consumer spending in one of Southeast Asia’s least-developed nations....
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Novoair starts flight to Yangon
Novoair yesterday started an international flight to Yangon in Myanmar. The airline will run three weekly flights between Dhaka and Yangon on Sundays, Tuesdays and Fridays with Embraer ERJ145...
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Ticketing start-up Bookme expands from Pakistan to Myanmar
Pakistani start-up Bookme, an online booking platform for movies, events, and bus services, announced today that it will be starting operations in Myanmar. The start-up, an alumni of Lahore-based...
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Two Yangon flyovers to be built in 2016-2017 FY
Yangon Region Finance Minister San San Nwe, on behalf of the Yangon Region government, requested a budget to build two more flyovers in Yangon in the 2016-2017 fiscal year at the regional government’s...
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