Buyers losing money in land scams in Dagon Myothit, Thanlyin

People seeking to buy land have lost money in scams in which brokers resell blocks in four townships in Dagon Myothit and Thanlyin with the use of fake contracts and help from officials at the Human Settlement and Land Record Department and Yangon City Development Committee. Phoe Phyu, a lawyer from Purple Equity law firm, said: “As a result of having no registration access, buyers are facing losses due to fraud by some brokers. These brokers try to get records of the deceased in four … [Read more...]

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 Industrial Zone-4, Jiangsu Solamoda Garments Group at Shwe Than Lwin Industrial Zone in … [Read more...]

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 Company has agreed to cooperate with Thailand and Japanese-based Wacoal Company to operate in the garment … [Read more...]