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Future Yangon as a town encircled by industrial zones: Chief Minister

The regional government is planning to build Yangon as a town circled by industrial zones and in the future, a big circular shaped city emerge, said Yangon Region Chief Minister Phyo Min Thein in a ceremony to open Hmawby-Taikkyi road, a portion of Yangon-Pyay Road held on February 10. The opening ceremony was attended by […]

Supply of housing units to rise, spur more development

Despite a rise in the number of housing units provided by the government and private sector, the gap between supply and demand for affordable homes in Yangon is widening as the population expands, Daw Aye Aye Latt, MD of Chantha Shwe Myay Construction Co, told Myanmar Times during an exclusive interview. To address the shortage, […]

Rakhine launches new power infrastructure, aims for development

Power transmission lines measuring 104 kilometres (60 miles) and a substation that will serve Ponnagyun, Rathedaung, Buthidaung and Maungdaw townships in Rakhine State have been officially launched. The infrastructure will now provide electricity around the clock to some 7800 households in the townships said Union Minister for Electricity and Energy U Win Khaing. The 66KV […]

Bridge project stirs property prices in Dala

Property prices in Dala Township are rising after construction of a bridge linking Dala to downtown Yangon was finally given the green light on December 24, 2018 after six years of deliberation. Expected to be completed in three and a half years, the US$138 million South Korea-Myanmar Friendship Bridge, will connect Phone Gyi Street, in […]

Fisheries ministry needed for sector development and better exports

The Myanmar livestock and fisheries sectors have not lived up to their potential under the remit of the Ministry of Agriculture, Livestock and Irrigation and needs to be a separate ministry in order to fully grow and develop, said U Zaw Aye Maung, Rakhine ethnic minister in Yangon Regional Government. “In the past, livestock and […]

Plans to Accept $79M French Loan Shelved

NAYPYITAW—The Union Parliament on Thursday voted down the government’s proposal to receive loans worth 70 million euros ($79.3 million) from the French Development Agency (AFD). Just 34 votes were in favor of the proposal and 497 against, with six abstentions despite the deputy minister for planning and finance attempting to convince lawmakers that the project […]

Myanmar strategic to open first international school in yangon

Investment company Myanmar Strategic Holdings Ltd said Wednesday it will open its first international school in Yangon, Myanmar, in August 2019 after completion of a USD1.0 million development project. The redevelopment is currently underway at the Yangon American International School and is expected to be completed in the second quarter of 2019. The school, which […]

Villagers Support Dawei SEZ Resumption but Demand Fairness

YANGON—Villagers residing on the site of the initial phase of the Dawei Special Economic Zone (SEZ) in Tanintharyi Division cautiously welcomed a recent agreement by Thailand and Myanmar to resume the project’s initial phase and upgrade a highway leading to the location, saying their homes are almost entirely lacking in basic services. Early this month, […]

Online shopping picks up momentum in Myanmar

Shop.com.mm, the Myanmar arm of China’s largest e-commerce company Alibaba Group, generated sales of over US$90,000 (K143 million)in the first hour of its first-ever Singles Day online sale on November 11. The occasion, also known as 11.11, is the biggest shopping event in China. Shop which is the largest online shopping platform in Myanmar, received […]

Myanmar’s poorest state beckons investors

CHIN state’s underdeveloped infrastructure presents great opportunities for domestic and foreign investors if they do their homework, says a report that looks into business prospects in Myanmar’s poorest region. Min Zaw Oo, director of Chin State at the Directorate of Investment and Company Administration, said investors should not hesitate to invest in Chin state where […]