Korean firms to be invited to build Yangon-Dala bridge

A Tender for private companies to build a multi-million-dollar suspension bridge connecting downtown Yangon with sleepy Dala township will be called “soon”, but only for Korean firms, the Ministry of Construction’s permanent secretary said. U Kyaw Lin said a consulting company will be chosen this month to oversee the tender. “The ministry is choosing a […]

Ministry of Construction sees urgent need for Yangon-Thanlyin bridge replacement

A bridge linking downtown Yangon with Thanlyin township across the Bago River is being tested beyond its limits and “could break at any time” according to an official at the Ministry of Construction, who said the government is planning to build a stronger second bridge as a matter of urgency. Yangon-Thanlyin 1 Bridge was designed […]

Domestic real estate market likely to be active within second half of year

New construction projects are expected to cool Myanmar’s property market, according to an expert from iMyanmarHouse.com, also saying that current house prices could drop more, depending on government policies for development of low-and-middle-income families. “Currently, both buyers and sellers are monitoring the cooling market,” he added. “Land price is expected to drop off in the […]

Myanmar banks offer international credit cards

In a boon for holiday shoppers, Myanmar banks are starting to offer customers international credit cards for the first time. The country has only recently returned to true credit cards, which disappeared in the wake of the 2003 banking crisis. At the start of this year some 2 million “credit cards” had been issued, but most operated […]

Bids invited for upgrade to Yangon – Mandalay highway

The Ministry of Construction is planning to upgrade the Yangon-Mandalay highway to an international standard following a high-profile crash last year. Though hundreds of accidents take place each year on the expressway, last year on May 12, 2014, a bus left the road and fell off a bridge, killing 12 people and injuring another 29. […]