Construction market slumped in 2015 but property prices remain high

More investment companies are coming to Myanmar to answer the demand for luxury housing and office space. But although the sales prices for property remain high, the market cooled considerably in 2015, according to real estate experts. The property market dropped faster in 2015 than it has done in any of the previous five years, […]

Telenor uncovers child labour usage in Myanmar network build

Telenor discovered that contractors constructing its new mobile network in Myanmar have been using child labour to develop base station sites in advance of the operator’s launch of commercial services in the country in September. In a presentation on Telenor’s Myanmar sustainability update, the company said it found three incidents of child labour being used […]

Moving in difficult due to permit delays

Delays issuing Building Completion Certificates (BCC) are keeping owners and renters from moving into recently completed buildings, say developers. Contractors often have to wait up to a month to be issued the permits from Yangon City Development Committee (YCDC), which translates into lost revenue for developers unable to move in tenants and owners immediately after […]

Crackdown coming for Yangon’s many unlicensed contractors

Unlincensed contractors are facing a crackdown as the Yangon Region government is spurring municipal authorities into action. Builders in Thingangyun township were singled out as particularly unlikely to follow licensing rules, though Hlaing, Mayangone and Insein townships also have their fair share of unlicensed contractors, according to Yangon City Development Commission (YCDC) building engineering department […]

Ministry of Electric Power to invite Transmission Line and Substation Tender, closing date: 26th June, 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Ministry of Electric Power Department of Hydropower Implementation Invitation to Tender 1. Qualified Contractors and/or Joint Venture are invited to submit Tender Proposals in United State Dollars for the 132 kV Transmission Line and Substation, Shwe Li (3) […]

Yangon to improve airport facilities

YANGON, 28 November 2013: Yangon International Airport’s domestic departure lounge will be replaced by an entirely new building over the next 18 months, authorities confirmed this week. Airport general manager, Win Ko said: “The departure lounge will be demolished and rebuilt. Until it is ready we will have to use the lounge provided for VIPs […]