MIC permitted eight enterprises including four garment enterprises

Myanmar Investment Commission (MIC) granted permission to eight enterprises including four garment enterprises, according to an announcement released by MIC. These permitted enterprises include manufacturing of garments under Cut-Make-Pack (CMP) system, manufacturing and marketing the corns, prawns and assorted snacks, sterilized, sweetened and condensed Milk, corrugated carton box and beautification corrugated carton box and cement, […]

MIC grants permission for nine investments

Myanmar Investment Commission (MIC) granted permission on 19th August for nine local and foreign investments, including a five-star hotel. Pun Hlaing Lodge Hotel Management Co., Ltd has been given permission to operater a five-star hotel on 2.196 acres of land at Pan Hlaing Golf Estate, Hlaingthaya Township, Yangon, it is learnt from a meeting of […]

CHDB to announce plan to sell low-cost apartments

The Construction and Housing Development Bank has announced that it will release new policies for selling low-cost apartments to depositors who can pay 30 per cent of the total value in an initial instalment. Win Zaw, the managing director of the CHDB, said: “People can save their money at the CHDB. They will have a […]

Squatters: a challenge for the new government

The squatter problem in Yangon is growing day by day. The problem remains unresolved, despite the efforts of successive governments. In the 1990s, Yangon had 9,019 squatter households. According to figures collected in 19 townships in the Yangon municipal area, this number has increased to 43,985 today—about five times higher than in the 1990s.  Hlaingthaya […]

Shwelinpan low-cost housing to go on sale

Apartments in the Shwelinpan low-cost housing project in Hlaingthaya Township will be sold by end of June, according to Department of Human Resettlement and Housing Development. The project so far has ten buildings, each four storeys high with six apartments per floor, comprising of 468 square feet each. Prices range from US$13,000 and U$12,500 and […]