The Ministry of Finance, Planning, and Industry’s Financial Regulatory Department has approved a plan by two insurance joint ventures to offer bancassurance products under a pilot project following the liberalisation of the insurance industry in Myanmar. “We are preparing to release the rules and regulations for offering bancassurance in the domestic market. For now, we […]
Colliers Property Report – Yangon Office Q1 2019
April 19, 2019 by
Economic Reforms: A Game Changer Summary & Recommendations Myanmar’s macroeconomic performance has continued to experience gains in recent years. Major part of this big leap from 2011 is the easement of sanctions for various key industries. Such liberalisation resulted to a burst of interest from numerous companies and institutions. This has contributed to the upward […]
Will Government Meet Target on Low-Cost Housing?
April 8, 2017 by
Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time. The previous administration had claimed that they were going to complete the construction of one million apartments […]
Contractors association bands together with YCDC grievances
September 6, 2016 by
Over 500 of Yangon’s licensed building contractors met last week to debate forming an industry association, which will have a long list of policy complaints to take to Yangon City Development Committee. The city’s contractors are banding together partly in anticipation of new YCDC regulations, and believe an industry association will make it easier for them […]
Tritone Towers Puts Its Residents Above The Rest
February 10, 2016 by
South Korean conglomerate Hanwha Corp is making headway in their project to build a massive three-tower inclusive community called Tritone in the 8-mile area of Yangon. While the construction may be in its infancy, the firm claims that customers have been lining up to purchase the ultra-luxurious condominiums to be completed in late 2018; new […]
Few ‘condos’ qualify under new law, say experts
February 5, 2016 by
The new condominium law – which will grant international buyers access to Myanmar’s real estate market for the first time – has been widely welcomed, but experts say just a handful of properties are initially likely to be eligible. After years of debate between the two houses of parliament, the law was passed on January […]
Bago Election commission invites open tender to build the building; Closing date: Dec 24, 2015
December 22, 2015 by
Subscribe to our tender alert mailing list Invitation for Open Tender 1. Open tender are invited to build the building for department of Bago Election commission in Bago, Bago region in fiscal year 2015-2016. 2. For details information can be inquired to Ph: 052-2201848, 052-2201314 during office hours 3. Tender closing date & Time – […]
UEC invites open tender for National Businessmen to build the office in Thaton; Closing Date: Dec 11, 2015
December 1, 2015 by
Subscribe to our tender alert mailing list 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 build the office of Union Election Commission that has 44′ x 70′, 2 storey building with RC in Thaton Township, […]
Construction Business Saddled by Debt, Competition
October 5, 2015 by
The construction business, a capital-intensive industry, is struggling as many developers have gone into severe debt, developers said at a conference. At a forum on the situation of the construction industry held at UMFCCI, U Ko Ko Htwe, a major property developer who runs Taw Win Construction Company, claimed, “We are about K20 billion in […]
