MP calls on Yangon to convert idle buildings and land into money earners, job generators

A regional legislator has proposed that the Yangon government seizes idle buildings and land plots and turn it into productive assets that would not only earn income for the government but also generate employment for the people. MP U Hla Htay from Mingalar Taung Nyunt township noted in his proposal to Yangon Region Parliament on […]

Wanted: Female bus drivers in Yangon for a safer ride

YANGON — Ms Ma Myat Yi Mon is the only female driver for Yangon Bus Service (YBS) – and she has provided a welcome change for passengers. Having long put up with rude, vulgar and reckless male drivers they called for more women behind the wheel. The authorities agreed and the YBS’s governing body, the […]

Ford opens Yangon factory

The government and motor giant Ford jointly opened a car assembly plant in Yangon on July 21. Ford worked with Capital Automotive Limited and Capital Motors Limited to open the factory at the industrial zone in east Dagon Myothit. Khin Tun, chairman of Capital Automotive, praised the collaboration. The Capital Motors factory puts together Ford […]

Transport and energy access barriers to Myeik industrialisation

The city in Tanintharyi Region amounts to far more than the gateway to over 800 islands of the archipelago. Access to energy and transport infrastructure remain the biggest barrier for industrialisation to take off in the city and its hinterland. The latest Colliers International report stated that Myeik has made great strides over the past […]

Myanmar Industrial Zone looking for JV Partner for Waste Water Treatment in Ayeyawaddy Region

Our client a major conglomerate in Myanmar is developing an Industrial Zone in the Ayeywaddy Region. See Google Map of location https://goo.gl/maps/SXa7wKcAs6n Our client is looking for a Waste Water Treatment Company that want to partner them in the joint development of the industrial zone. Our client will provide land as equity. All shareholders are […]

Slips for Hpa-an’s affordable housing project sold off to third parties

Entitlement slips for units in an affordable housing project to be built in the vicinity of Hpa-an’s Industrial Zone, Kayin State, are already being bought and sold, local real-estate agents have told Myitmakha News Agency. The ‘slips’, which require the holder to pay off the value of the affordable housing unit with a sum of […]

Korean cars in demand in Mandalay

Mandalay, August 1 – the last week of July reportedly saw a rise in demand for Korean vehicles purchased on credit within Mandalay car trading centers. Korean cars entered the Mandalay market back in 2013, with sale figures so far this year seeing 150 vehicles sold, compared with just 80 vehicles reportedly sold throughout the […]

Hope yet for Nay Pyi Taw’s real estate market

Real estate agents say they hope Nay Pyi Taw’s “sluggish” property market will pick up as the new government takes the reins early next year. Land prices in the capital enjoyed a brief surge in 2013, first when Myanmar held the Southeast Asian Games, and then as Myanmar assumed the chair of ASEAN. But while […]

CB Bank chair to open industrial zone

The chair of one of Myanmar’s largest banks is turning his hand to a new sector, with a plan to open Taungoo township’s first industrial zone, which he hopes will entice hundreds of thousands of migrant workers back to the area. Chair of Co-operative Bank U Khin Maung Aye also chairs the Kaung Myanmar Aung […]

Ayeyar Hinthar opens Ayeyarwady Farmers Development Bank

Ayeyarwady farmers could benefit as early as next year from a bank being set up to promote the development of agriculture, and eventually industry and fisheries. The regional government, with 15 partners of the Ayeyar Hinthar Companies Group, is launching the bank, known as the Ayeyarwady Farmers Development Bank, or Abank. Farmers can take out […]