Myanmar to solicit bids for its 1st LNG terminal

An international tender to build Myanmar’s first liquefied natural gas terminal will start as early as April, presenting a business opportunity for Asian trading and energy companies, according to a government source. Along with a floating LNG terminal with an annual capacity of 3 million to 4 million tons, the $2-billion project includes construction of […]

Singapore carriers exploring possibility of multi-city flights within Myanmar

YANGON – Singapore is looking to introduce multi-city flights within Myanmar by its carriers Singapore Air or Silkair, as part of a series of ways the two countries can cooperate more closely. PM Lee Hsien Loong gave these updates on Wednesday (June 8) at a reception with Singaporeans in Yangon at Sedona Hotel, built by […]

House rental charges up by 10% to 35%

Charges for residential rent in Yangon are up by 10 per cent to 35 per cent in comparison to last year, according to a real estate market survey. Rent for apartment increases by 10 per cent and the condominium lease jumps by 35 per cent. The rent varies in accordance with location and residential quality. […]

Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]