Rich and poor donate gold for next life

The 41-year-old car accessories salesman, who runs a modest business in the city’s Mayangone township, has for the past 15 years religiously allocated a share of his daily profit to the tin. “I never forget to save money for donation,” he says, pointing to the box on an altar beside a small statue of the […]

Lawyers’ Network sues to stop building renovation

The Lawyers’ Network has filed complaints against government officials and investors involved in a US$50 million hotel project on Strand Road, and applied for an injunction to stop renovation work at the site. Advocates U Than Tin, U Kyee Myint and U Ohn Maung lodged complaints against Yangon Region Chief Minister U Myint Swe, former […]

Kempinski rides the hotel boom in Yangon

After unveiling its first Myanmar property in Nay Pyi Taw, Berlin-based Kempinski Hotels will build up its presence in Yangon in the next few years. According to an announcement by Thailand’s Siam Commercial Bank (SCB), a US$60 million financial support was granted for the renovation of an old building in Yangon into the Kempinski Hotel. […]

Business hub sets up shop in Dagon

The York Center office building on Yangon’s Yaw Min Gyi Street aims to open its door this month, offering minimum six-month leases to firms looking for office space. Scipio Services has agreed to a management services agreement with the property owner, rather than developing the project through a long-term lease on Build-Operate-Transfer terms often employed […]

Tender for Architectural Project Consultancy – Singapore Embassy Yangon. Closing Date 30th June 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. This tender is only for architectural project consultancy. The appointed consultant will prepare the tender documents and drawings for the actual renovation works which we will then call for tender. Singaporean-run contractors for construction, renovations, M&E, etc are […]

Zoning plans remain stalled

A zoning and land-use plan to protect heritage buildings and Yangon’s most important religious site, Shwedagon Pagoda, remains locked in endless rounds of discussions more than a year after the laws were proposed. Twenty Yangon townships have been earmarked for heritage protection under the as-yet-unwritten plans, a Yangon City Development Committee official said last week. […]

Japan’s development loan to be spent on infrastructure and economic zone

Japan will lend over US$ 900 million for development projects this fiscal year to be spent on renovation and basic infrastructure in Yangon, as well as the Thilawa Special Economic Zone, according to an official from Japan International Cooperation Agency (JICA). Official Development Assistance (ODA) loans are long-term low interest rate loans advanced to developing […]