YANGON- Some houses in Satmuzonetoochey-1 Street of Mingaladon Township, Yangon, were forcibly demolished by staff from Zaykabar Company yesterday afternoon. Since the beginning of 2012, Zaykabar had faced a lawsuit over possession of 11.077 acres situated in Satmuzonetoochey-1 Street, Mingaladon Township with four farmers. The land possession case had taken nearly six years and it […]
Business community pins sanction hopes on State Counsellor’s visit to US
September 15, 2016 by thiha
With State Counsellor Daw Aung San Suu Kyi set to meet US President Barack Obama in Washington today, many in Myanmar’s business community will be watching closely. The two are set to discuss US sanctions that have been in place for decades, and that investors are rearing to have removed. Businesses have long called for lifting sanctions they say cripple […]
Filed Under: Latest News Tagged With: AA Group of Companies, asean, Asia Advocacy Director, Ben Rhodes, Burma Campaign UK, China, Daw Aung San Suu Kyi, Eric Rose, Generalized System of Preferences, Herzfeld Rubin Mayer, Hlaing Tharyar Industrial Zone Administration Committee, Human Rights Watch, IEEPA, International Emergency Powers Act, John Sifton, Myanmar Garment Manufacturers Association, National League for Democracy, NLD, obama, Phan, President U Thein Sein, Rose Law Firm in Yangon, State Counsellor Daw Aung San Suu Ky, State Counsellor Daw Aung San Suu Kyi, Tamadaw, The Myanmar Times, U Aung Win, U Khin Shwe, U Myat Thin Aung, U Myo Thet, Union of Myanmar Federation of Chambers of Commerce, US President Barack Obama in Washington, Zaykabar Company
Condo buyers struggle with hire-purchase payment
March 30, 2016 by thiha
Developers of residential projects in Yangon have found themselves with less cash than expected, as buyers fail to stick to the terms of hire-purchase plans and do not make regular payments. An underdeveloped banking system means real estate developers tend to fund their projects through off-plan sales. Myanmar has no mortgage system and as some buyers cannot […]
Filed Under: Latest News Tagged With: CB Bank, developers, Ko Zay Thiha, Myanmar Construction Entrepreneurs Association, U Kyaw Kyaw Soe, U Pe Myint, Yangon, Zaykabar Company
YCDC planner targets 30 percent parkland
March 24, 2016 by thiha
It isn’t easy keeping Yangon green, what with the heat, developers’ voracious appetite for empty land, and the council’s lack of resources. But municipal officials say they are hopeful they can more than double the amount of green space in Yangon under a new zoning plan, taking the figure up to 30 percent. U Toe Aung, a […]
Filed Under: Latest News Tagged With: Cyclone Nargis, Dolphin, Elected YCDC, Gardens Department, Kandawgyi Garden, Karaweik, Land Management Department, Mya Kyun Thar Park, park, Parks, people, Playgrounds, Sedona Hotel, Thingangyun, Thuwunna, Thuwunna Park, U Khin Hlaing, U Khin Maung Tin, U Khin Shwe, U Myint Aung, U Myo Thein, U Toe Aung, urban planning, Yangon City Development Committee, Yangon Region, Zaykabar Company, Zaykabar K1.085
Military-linked tycoons claim political middle ground
November 10, 2015 by thiha
Despite decades of benefiting from connections within the military and ruling Union Solidarity and Development Party (USDP), many of Myanmar’s leading conglomerates have claimed to be politically neutral. Spokespeople for some of the country’s most successful companies including Asia World, Htoo Group, Kanbawza (KBZ) Group and Max Myanmar said as private businesses they had […]
Filed Under: Latest News Tagged With: Asia World company, Capital Diamond Star Group, Cyrus Pun, Htoo Group, KBZ Group, Max Myanmar, military-linked tycoons, NLD, political donation, political middle ground, Serge Pun Associate, U Khin Shwe, U Kyo Kyo Gyi, U Nyo Myint, U Tay Za, U Zay Thina, US Blacklist, US Sanctions, US SDN List, USDP, Yoma Strategic, Zaw Zaw, Zaykabar Company
