Tourism has borne the brunt of an economic slowdown and the international outcry over Rakhine, but one tycoon is feeling bullish about the industry. By BEN DUNANT | FRONTIER “TOURISM is low-hanging fruit in any country looking to develop,” says Mr Serge Pun, puffing on a cigar in the headquarters of Memories Group, a company […]
Yangon New City Project to be Remodelled with Tower Blocks Included
July 14, 2017 by
The current New City project in Myanmar’s commercial capital will be remodelled to accommodate the city’s projected population growth and tower blocks will be part of the new plan, according to a Yangon Region minister. Daw Nilar Kyaw, the regional minister for electricity, industry and transportation, made the remarks on July 10 during a special […]
Avoid Loss of Foreign Investments: Report
April 25, 2017 by
The Yangon Region Finance, Planning and Economic Committee has sent its yearly report to the regional parliament, urging for action to be taken in order to avoid the loss of foreign investments. Committee chair Daw Sandar Min said the regional government must put emphasis on issues that could affect investments and the economy. Among the […]
Three companies submit tenders for Yangon New City Project
September 28, 2015 by
Subscribe to our tender alert mailing list YANGON—Three companies, including Shwe Popa International Construction Co Ltd, a subsidiary of Shwe Than Lwin Co, submitted tender bids for Yangon New City Project. An opening ceremony for the preliminary tender for the project was held at the Yangon Region Government Committee Office on September 22 under the […]
Home Ownership Dream Slips Away from Many Yangonites
August 18, 2015 by
As the price of real estate in Yangon keeps rising, the dream of homeownership is slowly slipping away for many of Myanmar’s middle-class. Many have been trapped in a cycle of perpetually paying rent, and saving money to buy a home has become more and more difficult. “When I started renting my apartment, I paid […]
