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Thai Exim Bank to open rep office in Yangon

The Export-Import Bank of Thailand will open a representative office in Yangon, Myanmar, in April to assist the start-up or expansion of Thai companies there. Bank president Pisit Serewiwattana said.the Exim Bank has been given a licence to open an office in the former capital city by the Central Bank of Myanmar. The next step […]

Construction materials trade opened to local-foreign joint ventures

The Ministry of Commerce has further relaxed trade restrictions on foreign companies, opening onshore trade in construction materials to local-foreign joint ventures, according to a July 7 announcement. International firms were barred until last year from Myanmar’s import-export industry, which was tightly controlled until 2011 by companies with ties to the former military regime. Last […]

CQHP warns against low-quality construction materials

Some construction materials are being falsely marketed as high-quality, when in reality they are sub-standard, the head of Myanmar’s high-rise building regulator has warned, as concerns mount over poor quality building practices. However, a scheme to grade the contractors in Yangon may help developers to differentiate between those who are testing their materials and those […]

Construction Materials Prices Drop

Demand for construction materials in Myanmar has dropped in recent months, due to the celebration of Buddhist lent, construction materials traders say. Pebbles in particular have seen a marked fall in prices, as homeowners have been less concerned with building and renovating their homes during the lent period, which runs from mid-July to mid-October. Traditionally […]