The Ministry of Electricity and Energy (MOEE) has pledged to provide an additional 3,600 megawatts of electricity within the next four years, Deputy Minister Dr. Tun Naing said in Parliament Monday. Aung Khant/The Myanmar Times The Ministry of Electricity and Energy (MOEE) has pledged to provide...
Read MoreYangon is expected to experience growth in the office market this year. Thiri Lu/The Myanmar Times The year 2017 elicited mixed market opinions while this year is expected to experience growth in the office market and industrial market, a real estate research firm suggested. Yangon, coming from a...
Read MoreThe Yangon residential real estate market is expected to pick up this year. Thiri Lu/The Myanmar Times Real estate agents believe prospects are looking good for the Myanmar property market in 2018. “Prospects in the real estate market will be brighter this year after the government...
Read MoreThe Yangon Regional Government will review and restructure the city’s property tax system as part of a wider effort to improve and develop the city. Aung Khant/The Myanmar Times The Yangon Regional Government will review and restructure the city’s property tax system as part of a...
Read MoreThe World Bank has lowered its growth projections for 2016-17 to 5.9 percent, below expectations and slower than growth of 7pc in 2015-16. Aung Khant/The Myanmar Times Economic growth in Myanmar slowed in the 2016-17 fiscal year despite notable reforms and a healthy level of foreign...
Read MoreForeigners receive more attractive investment options under the new Condominium Rules. Aungmyin Yezaw/The Myanmar Times Foreigners will be given more flexibility to invest in the local property sector, according to new rules under the Condominium Law announced Thursday. The Condominium Rules are the final steps of...
Read MoreForeign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. Photo - EPA Foreign banks will be permitted by the Central Bank of Myanmar (CBM) to provide export financing services. The move, which aims to help local export businesses gain...
Read MoreDowntown Mandalay. To modernise the region, an 10-year urban development project in Amarapura township has commenced. The Myanmar Times Construction of Phase 1 of the Amarapura Urban Development Project in Mandalay has commenced after receiving approval from the Mandalay regional government, said U Za Ye Win,...
Read MoreDelays in implementing the Myanmar Companies Law could deter foreign investments, businesses said. Aung myin Ye zaw/The Myanmar TImes Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay...
Read MoreTHE Mandalay business chamber has passed a resolution to reselect 20 percent of the incumbent executive members for the new executive body. Strong disagreements have split the executive members and members over a regulation on the Mandalay Region Chamber of Commerce and Industry (MRCCI) election over...
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