Aung Myin Ye Zaw/The Myanmar Times A law is being drafted to establish a Construction Industry Development Board (CIDB) which will set standards for the construction industry, U Kyaw Lin, deputy minister of the Ministry of Construction told the Pyidaungsu Hluttaw on August 20. The new law...

Zay Kabar Company in row with squatters

Zay Kabar Company, a local conglomerate with interests in construction and telecommunications, will continue to take action against squatters who trespass on land which it has earmarked for development. On July 28, conflict arose between squatters and employees of Zay Kabar Company after the latter removed...

Property developers come under pressure as dollar rises

Construction companies are under pressure from higher costs of imported materials. The Myanmar Times Property contractors are under pressure from rising costs of building materials as a result of the higher dollar-to-kyat exchange rate. Building machinery and materials such as steel bars, which are imported from overseas,...

53 companies express interest in building Yangon’s ring road

A total of 53 local and international companies/ consortiums are interested in the 47.5-kilometre elevated ring road in Yangon, the Ministry of Construction announced on July 4. On May 18 last year, the Ministry of Construction (MOC) invited local and foreign investors to submit Expressions of...

Construction of new multi-purpose port in Yangon proposed in parliament

As trade rises, Yangon’s existing ports are becoming constrained. Zarni Phyo/The Myanmar Times A proposal to construct a multi-purpose port in Kawhmu township, southwestern Yangon, was submitted to the Yangon Regional Parliament by U Zaw Aye Maung, Rakhine ethnic minister last week. “Yangon is the gateway to...

Legislator questions hotel project at defence museum

A security guard for Shwe Hinn Tha Construction tries to stop a photographer for The Myanmar Times at the construction site of the Okura Prestige Yangon project, where the Defence Museum was formerly located in Yangon, on Tuesday. Shin Moe Myint/The Myanmar Times A legislator on Tuesday...

YCDC should speed up approval process for building construction

A partially constructed building in Yangon. Many developers commence construction before receiving official YCDC permits to do so. Photo: The Myanmar Times The Yangon City Development Committee (YCDC) should look into the long waiting times before permits to construct multi-storied buildings in the city are awarded...

Hantharwaddy airport priority for government

An airplane arrives at an airport in Myanmar. The Hantharwaddy Airport is the government’s latest priority in the aviation sector. Photo: The Myanmar Times THE planned Hantharwaddy International Airport is the only priority in the area of aviation under the National League for Democracy-led government, said...

Rules to new Condominium Law now being refined, will be enacted soon

Under the new Condominium Rule, foreign nationals will be able to take stakes of up to 25pc in local condominium properties. Photo: EPA Regulations to the 2016 Condominium Law, which will be enacted soon, will allow foreign nationals to take a maximum stake of 25 percent...

No open tender for Nyaung-U airport upgrade

Passengers watch an airplane pull in at the upgraded Yangon International Airport. The Nyaung-U airport in Mandalay will be upgraded soon. The Myanmar Times The Nyaung-U airport in Mandalay Region will be upgraded into international airport soon, with the support from the Japanese government, U Ye Htut...