fbpx

Great Hor Kham expands into hydropower, prepares for YSX listing

U Sai Ohn Myint, chair of the board of directors of Great Hor Kham Public Company, which will list on the Yangon Stock Exchange this year, isn’t too worried about trading volumes on the local bourse, which have all but collapsed since opening for business in early 2016. “I think investors will be able to […]

Mayor promises speedy review of high-rise projects

Yangon Mayor U Maung Maung Soe said the government did not suspend any additional construction projects involving high-rise buildings on March 6. He made the comments in the regional legislature. MP U Hla Thein from Tamwe township asked if the government has plans to greenlight the construction projects. “Suspending construction projects which have already started […]

Developers Urge Government to Temporarily Reduce Tax to 5 percent

During a meeting with the Yangon Regional government held at MCC on February 17, construction developers urged the government to temporarily reduce the commercial tax from 30 percent to 5 percent for a period of two years. The Myanmar Licensed Contractors Association welcomed the income tax reduction in the Union Tax bill 2018, and supported […]

NGO Urges Gov’t To Halt Kachin Hydropower Project

A new report pub­lished by the Kachin Develop­ment Networking Group (KDNG) implored the government to cease con­struction on the Ngo Chan Hka Hydropower projects on the Ngo Chang Hka River, citing various ad­verse ecological and social effects. The project’s four dams are the Laung Din, Tongx­inqiao, Khan Kang, and Gaw Lang on the Ngo Chang […]

Union budget funds to go on housing projects in Ayeyawun and Yadana

Funds from the Union budget have been allocated to the construction of 11 residential buildings in Ayeyawun and Yadana. Eighteen other housing projects will be carried out in cooperation with private companies under joint ventures. The chairman of the Myanmar Construction Entrepreneurs Association submitted a proposal to Vice-President Myint Swe that the government provide more […]

Soilbuild Construction’s Myanmar unit awarded US$10.5m contract

SOILBUILD Construction (Myanmar) Company Limited, a subsidiary of Soilbuild Construction Group, was awarded a contract worth US$10.5 million for the construction of a 12-storey hotel building in Yangon. Located at the corner of Sayar San Road and Pyi Htaung Su Yeik Tha Street, Bahan Township, Yangon, the project is expected to commence in the third […]

Foreign investors compete for mixed-use Yangon project

Eight foreign companies from five countries are bidding to develop a 2-acre plot of land in Yangon owned by the Myanmar Construction Entrepreneurs Association, according to chair U Tha Htay. Prospective investors have made a number of proposals for the site at the corner of Waizayanda and Thanthumar Roads in Yangon’s Thingangyun township, including for […]

Negligent engineers to be banned

Engineers guilty of professional negligence will face a ban as well as consequences under the law, the Myanmar Engineering Council has announced. MEC assistant secretary U Aung Myint told The Myanmar Times that officials would investigate any accident that occurred on a building site and would be prepared to take action if the certified site […]

Overlooked Dawbon drawing developers for location and price

Dawbon township has a reputation as a place to drive through, not a place to live in. Sandwiched between Thaketa township and the Pazundaung creek, and previously host to poor infrastructure links and constant flooding, at first glance it did not seem to have a lot going for it. But rising prices for Yangon real […]

Building code to shore up rickety construction sector

Construction projects in Myanmar will soon be regulated under a national building code. The Myanmar [Myanmar] National Building Code, designed to ensure procedural safety and combat embezzlement, is currently being drafted, according to Than Myint, chairman of the Committee for Quality Control of High-rise Building Projects (CQHP). Than Myint, speaking at the Myanmar Construction Seminar […]