FOR construction of jointly owned buildings, developers will now have to hire an appraiser and deposit 15 per cent of the estimated value of the property with a bank, according to the Yangon Region Collectively Owned Buildings Construction Management Committee. “Currently, developers don’t have an appraiser to calculate the partial value of jointly owned buildings. […]
Yoma Land targets middle-income buyers with new property project in Yangon
January 9, 2019 by
Yoma Land this month introduced a new real estate project targeted at middle-income earners. The firm, an umbrella branch of Yoma Strategic and First Myanmar Investment Company, on December 21 launched City Loft, a new property project targeting young working professionals. The property will be developed in phases at a 22-acre site within Yoma’s Star […]
Invitation to 54th Myanma Gems Emporium 2017 to be held from 2nd to 11th August 2017
July 1, 2017 by
Subscribe to our tender alert mailing list 1. The significant 54th Myanma Gems Emporium will be held on August 2 to 11, 2017 at Maniradana Jade Hall in Nay Pyi Taw. Click here to see Google Map location. 2. Rough jade, rough gems, cut and polished gemstones, jewelries, jade carvings and gemstone pictures will be […]
In Myanmar, buying cars and homes with gunny sacks full of cash
June 8, 2017 by
Banks have even received deposits of S$10 million in bills, in a country where most still prefer cash in hand over credit. But could mobile wallets change all that? YANGON: At banks in Myanmar, it’s not unusual to see people lugging huge and heavy gunny sacks into the lobby. Once inside, they’ll split open the […]
KBZ Bank picks up another award for excellence
July 24, 2014 by
Kanbawza Bank was named Best Bank in Myanmar by the UK-based financial markets magazine Euromoney at a ceremony in Hong Kong on July 17, following two awards a week earlier from a regional banking association. KBZ chairperson Aung Ko Win and director Nan Lai Kham attended the Awards for Excellence 2014 ceremony to receive the […]
Myanmar gem, jade traders call for new rules to deter fake bids
September 1, 2013 by
Mandalay gem and jade traders are calling for new rules to prevent foreign traders from disrupting proceedings at gem fairs by making fake bids. The call results from an incident at the 50th Myanma Gems Emporium in Nay Pyi Taw in June involving Chinese traders, who are major buyers of the country’s precious stones. The […]
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