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Yangon’s mass rapid transit to receive Japan aid

The Japanese government will provide overseas development assistance for the Yangon Urban Mass Rapid Transit (YUMT) project, according to Japanese Ambassador Ichiro Maruyama. The Ministry of Transport and Communication (MOTC), with help from Japan International Cooperation Agency (JICA), drafted the development plan for Yangon’s urban transport from 2016 to 2035. The project, also known as […]

Shwe Taung completes Yuzana blocks with new technology, targets more work in Dagon Seikkan

Infrastructure developers at Dagon Seikkan township, Yangon Region, have experimented successfully with modern construction techniques aimed at saving time and costs as well as building sustainable living conditions. Last week, local real estate developer Shwe Taung Group, which is involved in a Public-Private Partnership (PPP) to develop the Yuzana low cost housing project in Dagon […]

Citizen investments expected to reach over 38 per cent in real estate sector

Citizen investments are expected to reach over 38 per cent in the housing sector in the 2017-18 fiscal year, according to the next Myanmar five-year development plan. Investment from Myanmar citizens per fiscal year is mentioned in the plan, with over K1.6bn of investments in all sectors in 2017-18.  Citizen investments of K629bn are expected […]

Ahead of Elections, Thilawa Pitched as Jobs Booster

YANGON — Officials hope that the soon-to-start “Special Economic Zone” at Thilawa near Myanmar’s commercial capital Yangon will underpin a jobs boom in time for the country’s 2015 elections. Building work at the 6,000-acre Thilawa SEZ will begin soon, according to Set Aung, deputy governor of Myanmar’s Central Bank. Set Aung told The Irrawaddy that […]