Real estate market still cool in Dala Tsp

Real-estate market in Dala Township is still cool despite the announcement of the Yangon- Dala bridge construction project, according to a report in the Myawady Daily yesterday. Authorities issued notice letters to apply eminent domain to residences and businesses in the path of the construction project, which will begin in October. The bridge is scheduled […]

Ministry of Transport: Yongnam-CAPE-JGC Successful Tenderer for Hanthawaddy International Airport Project

Subscribe to our tender alert mailing list THE REPUBLIC OF THE UNION OF MYANMAR MINISTRY OF TRANSPORT Announcement of Successful Tenderer for Hanthawaddy International Airport Project The Department of Civil Aviation had announced Incheon Airport Consortium and Yongnam-CAPE-JGC Consortium as the successful tenderer and back up tenderer respectively for the Hanthawaddy International Airport Project on […]

Thailand’s Italian-Thai company to quit Dawei Special Economic Zone

Italian-Thai Development Co (ITD) is poised to cease operation at the Dawei Special Economic Zone (DSEZ) in Tanintharyi Region on Nov 20, according to local sources. The company has come under financial pressure since the project began in 2008 but failed to materialise. Its Myanmar partner Max Myanmar Group pulled out of the project last […]

Parliament’s decision on electricity prices will be followed- Minister

Parliament’s decision on electricity prices will be followed, Khin Maung Soe, the Minster for Electric Power, said during a meeting with industrialists on November 9. On Friday, Myanmar’s parliament approved discussions on an urgent motion to reduce the electricity fees that the government has recently increased. Some MPs also argued against the hikes in electricity […]

Land Prices Soar in Pegu Division with News of Major Airport Project

Land prices have skyrocketed in Pegu Division, northeast of Yangon, following the recent awarding of a contract to build a major new international airport there. After an announcement last weekend that South Korea’s Incheon International Airport Corp. had been selected to build the Hanthawaddy International Airport, which is expected to be Burma’s biggest international airport, […]