Yangon Region government has invited local and foreign companies to cooperate in implementing a staff housing project on 183 acres of land, according to government sources released on August 12. The project area is located on a 183-acre plot at the corner of Shweli Road and Myananda Road in Dagon Myothit (Seikkan) Township, Yangon. The […]
Yangon’s suburban property market slumps
The property market within the suburban outskirts of Yangon (Myanmar’s commercial capital) has subsided of late, according to real-estate agents, induced by a fall in property prices. Ko Aung Thura, a broker of Aung Yadana Real Estate Agency situated in Dagon Myothit (South), says property prices in the city’s suburbs depreciated in the wake of […]
Construction Ministry to develop 8,000 affordable units in Yangon over two years
THE Ministry of Construction announced it will construct 8,000 affordable housing units in Yangon Region within two years according to Union Minister U Win Khaing. According to the ministry, around 40 or 50 buildings of five-story each will be built on 2000-acre of land this year. Low-cost apartments will be created to fulfill the needs […]
Rangoon Chief Minister: ‘Public Support Is Our Strength’
RANGOON — When Phyo Min Thein was appointed Chief Minister of Rangoon Division in late March, the 46-year-old National League for Democracy lawmaker knew he would face multiple challenges, from deteriorating infrastructure to controversial development projects to foreign investment. The two-time political prisoner—who spent a total of 15 years behind bars—said that he learned perseverance […]
Hong Kong and China to invest in Myanmar’s garment industry
Hong Kong and China will operate garment enterprises under Cutting, Making and Packing –CMP system at industrial zones in Yangon, the commercial hub of Myanmar, according to the Directorate of Investment and Companies Administration-DICA. China-based Shanghai Donglong Feather Manufacture Company has cooperated with Dong Long (Myanmar) Garment company to carry out garment enterprises at Hlaingthayar […]
Sixteen companies granted to operate the garment industry with CMP system
Sixteen companies have been granted permission to operate garment industries with Cutting, Making and Packing – CMP system during five months of this year, according to the Directorate of Investment and Companies Administration (DICA). Those companies will cooperate with not only local entrepreneurs but also other businessmen with the foreign investment assistance. Moreover, local MK […]