Burma Signals for Foreign Investment

NAYPYIDAW — Burma’s businesspeople are expecting foreign investments to help launch their projects after buying thousands of acres across the country to develop industrial zones and large-scale operations, according to the Myanmar Investors Development Association (MIDA). Companies presented their ventures at MIDA’s Myanmar Investment Forum 2017 in Naypyidaw on June 6-7, which attracted mostly Chinese […]

YCDC Takes Aim at Unlicensed Hostels

Yangon City Development Committee says it will take action against people operating unlicensed hostels catering to locals. Hostels have become increasingly popular among locals who struggle to afford the rent in Myanmar’s largest city. Ma Kay Thi lives in a private hostel on Anawrahta Road where she pays K35,000 a month. “There are about 20 people in […]

Sparse starting point for first New City

Driving northeast from East Dagon township along Number 2 Main Road, the city of Yangon fades away and is replaced by rice fields and idle land. The area is dotted with a few small villages, but given the distance between the area and downtown Yangon, it is thinly populated and underdeveloped. Other than this low-cost […]

Invitation for Open Tender to Implement Fair Price Housing Plan within Yangon City Development Area; Closing Date: June 30th, 2015

Subscribe to our tender alert mailing list 1. Local Companies, Foreign Companies and Local & Foreign Joint Ventures are invited to submit tender to implement Fair Price Housing Plan on the following place within Yangon City Development Area, the Republic of the Union of Myanmar: Land area about 11.00 acre, Min Ye Kyaw Zwar St., […]