A project to assess the ability of Yangon’s buildings to withstand earthquakes will begin with Tarmwe township, the region’s Chief Minister U Phyo Min Thein said at the launch of the project at a local hotel. Tarmwe is densely populated and has many high-rise buildings, so they should be strengthened to be able to resist […]
Central Bank provides new details on foreign-bank directive
November 28, 2018 by
Foreign banks will be allowed to expand their branch networks in Myanmar next year, according to two senior officials of the Central Bank of Myanmar (CBM) yesterday. “More foreign bank branches will be allowed next year. Foreign banks can no longer be blocked from doing business in Myanmar because the local banks are not developed […]
Laxer Rules of Foreign Banks to Spur Trade, Central Bank Says
November 19, 2018 by
The Central Bank of Myanmar said its decision last week to let foreign banks operating in the country lend and provide other services to domestic companies will help exporters limited by local lenders finance their trade with the rest of the world. “We expect that they [foreign banks] will mainly provide foreign currency to the […]
H&M supply factory in Myanmar damaged in violent labour protest
March 10, 2017 by
Workers demanding better conditions and benefits have destroyed the production line of a Chinese-owned factory in Myanmar making clothes for Swedish fashion retailer Hennes & Mauritz, in one of the most violent labour disputes in the country in years. The month-old dispute, which also saw managers attacked, highlights the need for Aung San Suu Kyi’s […]
MCDC to lease its land, buildings through tender system
March 25, 2016 by
Subscribe to our tender alert mailing list THE Mandalay City Development Committee will begin to lease its land plots and buildings using the tender system from the beginning of the next fiscal year. Buildings which have been contracted with the BOT system, however, will not be included. “The BOT system permits the leasing only […]
Yangon Heritage Trust to Probe Public Opinion
June 30, 2015 by
Yangon Heritage Trust (YHT), an NGO which works towards conserving historic buildings in Yangon, has announced the start of a survey to gauge the public’s opinion on city heritage. The project, carried out with the support from New Zealand government and Yangon City Development Committee (YCDC), aims to understand how Yangon residents value their local […]
Industrial leaseholders warned they would lose if no business is done
November 3, 2014 by
The Yangon region industrial zones management committee has warned it will retake 2,339 land plots and 1,299 warehouses located in 29 industrial zones in Yangon region by February 2015 if they are not used for business purposes. Land plots and warehouses occupy more than 4,418 acres of space in total, according to the committee. The […]
Dagon City showroom already creating a buzz
September 26, 2014 by
The showroom of Dagon City 1, a multipurpose residential project that will be built in one of the city’s prime locations – next to Yangon Zoo – has been drawing crowds even though it has yet to officially open. The showroom will officially open on September 27, but its staff are not turning away those […]
