[vc_row][vc_column][vc_column_text]A Chinese firm is the latest foreign investor to express an interest to develop an industrial zone in Hlaing Thayar township in the commercial capital of Yangon, where land nearer to downtown townships have become scarcer in recent years. Union of Myanmar Federation of Chambers of...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4617" align="aligncenter" width="840"] Kawthoung. Photo - Ministry of Information[/caption] An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA). The move will be carried out under a joint...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4615" align="aligncenter" width="840"] Yangon Region Chief Minister U Phyo Min Thein greets dignitaries at signing ceremony of Yangon Amata smart and Eco City. Aung Htay Hlaing/The Myanmar Times[/caption] The government through the Ministry of Construction and Bangkok-based Amata Corp pcl signed a framework agreement on...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4612" align="aligncenter" width="840"] U Thaung Tun, Minister of Investment and Foreign Economic Relations. Photo - Supplied[/caption] Myanmar is participating in regional connectivity initiatives in efforts to improve bilateral ties with its neighbours and promote investment and trade. Myanmar has implemented a number of significant reforms in...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4609" align="aligncenter" width="840"] Photo - EPA[/caption] 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...
Read More[vc_row][vc_column][vc_column_text] [caption id="attachment_4603" align="aligncenter" width="840"] The Yangon International Airport. The Myanmar Times[/caption] 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...
Read MoreThe property sector requires organisation to enforce Condominium Law. Kang Wan Chern/The Myanmar Times Stakeholders in the property and construction sector say there is still a need for a body or organisation to oversee, implement and enforce the regulations under Condominium Law 2016 and Condominium Rules...
Read MorePhoto: Aung Myin Ye Zaw Consulting firm Fitch Solutions Macro Research downgraded the growth forecast for Myanmar’s construction industry, saying economic reforms which would boost infrastructure development had been knocked off course and the northern Rakhine crisis would weigh on the economy. Fitch Solutions Macro Research, a...
Read MoreThe Yangon regional government is inking a deal with a Swiss start-up incubator to launch the Yangon Innovation Centre. Following the regional government’s decision last year to go ahead with the project, a tender to build the centre was called in January this year. Swiss-based incubator...
Read MoreYangon city. Kang Wan Chern/The Myanmar Times A survey conducted by civil service group Alinsaetamarn Library and Resource Centre has revealed that the majority of Yangon’s residents are dissatisfied with the Yangon City Development Committee (YCDC). The survey, which polled the views of 1,205 members of the...
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