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Yangon Gov’t to invite EOI for long-term affordable housing projects

The region government plans to invite EOI for businesses that can invest in the development of affordable housing projects on the state-owned lands for at least 15 years, said Yangon Region Chief Minister Phyo Min Thein at a press conference on June 29. Investors are interested in the construction of affordable housing projects where an […]

Mandalay’s Motorcycle Market is Clicking

The motorbike market in Myanmar’s second largest city Mandalay has picked up according to motorbikes shops. This is in contrast to Yangon, where riding motorbikes in the city is legal. “Motorbike sales are better than they were before. This is due, thanks in part, to installment payment programs, which most of the motorbike shops increasingly […]

80 pc of automobile purchases related to installment system

About 80 per cent of all automobile purchases in the local market are linked to the installment system, said Dr Soe Tun, President of Myanmar Automobile Manufacturers and Distributors Association. The number of people who buy automobiles under the financing and hire purchase system of banks has increased. The number of those buying automobiles with […]

New city development needed to draw foreign investments: Chief Minister

Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]