YANGON, June 24 (Xinhua) — Myanmar’s Yangon regional government has formed a new firm to draw up a roadmap to undertake expansion of the financial center to make it a business-friendly and livable city. The first and second phases of the huge project of the New Yangon City Development Company (NYCDC), which is fully owned […]
Myanmar’s Historical High School Awarded as Heritage Building
January 26, 2018 by
YANGON, Jan. 22 (Xinhua) — The over a century-old Basic Education High School (BEHS) No.-1, Dagon in Myanmar’s former capital of Yangon has been awarded a blue plaque to be marked as an ever-memorial heritage building by the Yangon Heritage Trust, according to the education authorities Monday. The historical school is known as having […]
Local shrimp market shrinking on falling US demand
October 27, 2017 by
As the US has stopped buying wild shrimp, the local market for shrimp is shrinking, U Hnin Oo, deputy chair of Myanmar Shrimp Association, told The Myanmar Times. In the past, Myanmar exported both wild and farmed shrimp to the US, EU as well as its neighbours in ASEAN. However, the US has said that […]
Yangon CM urges businesses to help rebuild Rakhine
October 10, 2017 by
Yangon Region Chief Minister U Phyo Min Thein has called on the business community to rehabilitate the trouble-prone Rakhine State’s economy, which is under international scrutiny due to unrest. During his address to the Union of Myanmar Federation of Chamber and Commerce (UMFCCI) members on October 7, he told business owners to cooperate to help […]
Reducing Low-Cost Housing Instalment in The Works
June 21, 2017 by
Discussions are ongoing to reduce the initial 30-percent requirement to 20pc for low-cost housing instalments, said U Win Zaw, managing director of the Construction and Housing Development Bank. “We started discussing the amount for down payments which a buyer has to pay. We are trying to reduce it to 20pc and to get finance for long-term loans. If lenders can give […]
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 […]
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