Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]

Myanmar Japan joint-venture company to manufacture rice and rice products

Japan based Mitsui & Co. Ltd. and Myanmar Agribusiness Public Corporation Ltd. (MAPCO) had permission in September last week to form Myanmar Rice Industry Co. Ltd. to produce rice and rice products. Directorate of Investment and Companies Administration (DICA) allowed the registration of Myanmar Rice Industry Co. Ltd. in September 27 and the launching of […]