Agents See Property Growth In Outer City

Local real estate agents in the south-west of Yangon are backing a range infrastructure development projects to boost demand for real estate in outskirts of the city, in areas such as Dala, Kawhmu, Kungyangon, Sikkyi Kanaungto and Twante townships. U Aung Thu, a real estate agent in Dala township, said investors were interested in that area because […]

Hanthawaddy Airport Agreement in Final Stage

RANGOON — A final concession agreement will be signed by the end of this year with the Japanese-Singapore consortium which won a tender to construct the Hanthawaddy International Airport north of Rangoon, according to a government minister. U Thant Sin Maung, Burma’s Minister for Transport and Communications, told lawmakers during the parliamentary session on Tuesday […]

First South Korean Lender Starts Myanmar Ops

Shinhan Bank, South Korea’s fourth-largest bank by assets, has set up a branch in Myanmar as part of its diversification strategy. The bank said it won final approval to start operations in Yangon from the Central Bank of Myanmar on September 15. This marks the first time for a South Korean lender to set up […]

Yangon bus committee plans PPP transformation to operate new lines

The Yangon Region Bus Control Committee is forming a public-private partnership (PPP) company and has applied to be one of several such firms that will run bus lines as part of an overhaul of the city’s public transportation system, committee chair U Min Zaw told The Myanmar Times. He said the new company will be called […]

Japan’s MHM merges with Thai firm in first tie-up of its kind

Mori Hamada & Matsumoto (MHM), one of Japan’s largest law firms, has acquired leading firm Chandler & Thong-ek (C&T) in Thailand as part of a push into South East Asia. The acquisition comes just over a year after the Japanese firm opened its third ASEAN office in Bangkok. The office is located in the same building […]

KATRI to assist development of Myanmar textile export sector

No 3 Heavy Industry under the Ministry of Industry will work with Korea Apparel Testing Research Institute (KATRI) to improve Myanmar’s textile sector to enter the international market, according to Dr. Eun Ho Shin, the in-charge of KATRI. The cooperation aims at promoting the textile industry a under three-year-project to effectuate the development of the […]

S Korean factories slammed for labour violations: report

Labour rights investigators have accused South Korean factory owners in Myanmar of a raft of abuses, including forced overtime, poor safety conditions, the use of child labour and sexual harassment of female workers. The investigating organisation, Myanmar Action Labour Rights, said the South Korean-owned factories flagrantly violate labour laws, such as mandatory weekly caps on […]

South Korean Firms Abusing Myanmar Workers: Report

South Korean-owned garment manufacturers in Myanmar are widely flouting labor law, with almost 30 percent of factories failing to observe overtime rules, a new report says. The report by Action Labor Rights, an advocacy group in Myanmar, alleges that factories wholly or jointly run by Korean firms regularly violate labor law, including a 16-hour weekly […]

Foreign developers go all-out for commercial complexes in Yangon

As one of the poorer countries in ASEAN, Myanmar’s property market is not quite as well-developed as some of its Southeast Asian neighbours, but it is slowing catching up as a new wave of foreign commercial development in Yangon, the country’s biggest city, is on the rise, reports Nikkei Asian Review. Notable developments in the […]

Thousands out of work as minimum wage kicks off

More than 1000 factory workers have lost their job in the wake of the new minimum wage, according to the Ministry of Labour. Just one factory has so far closed however. U Maung Maung Hlaing, head of the Labour Laws Inspection Department in Hlaing Tharyar township, said the Jasmine Pwint factory shuttered on August 31, […]