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Thai property developer wants to invest in Myanmar

Thai property developer Ananda Development Public Co Ltd wants to expand into Myanmar and is now looking for suitable partners in the country, its officials told Myanmar journalists in Bangkok on October 9. The company will focus on urban projects in Myanmar and is now exploring the various avenues through which it can invest in […]

Bridging the gap: Yangon’s boom falls short across river

On her scruffy, downtrodden bank of the river, teashop-owner Khin works just a few hundred metres across the muddy water from Yangon and dreams of the riches promised by a new bridge linking to Myanmar’s commercial heart. “The quicker, the better,” 58-year-old Khin Than Myint tells AFP of the construction of the US$168 million bridge, […]

Growth, living standards to rise as Mandalay aims to be second growth engine

Living standards in Mandalay Region are expected to rise this year with per capita GDP rising to K1.7 million compared to K1.5 million in the past, said regional chief minister U Zaw Myint Maung at the Mandalay International Trade Fair and Business Forum held on March 23. This will come on the back of rising […]

Yangon focuses on creating growth opportunities, raising living standards

The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into an economic hub with job and business opportunities for residents and investors, according to a report on the government’s performance by state-owned media yesterday. Topping the list […]

Ministry begins living cost survey to set minimum wage

A cost-of-living survey that will help determine a national minimum wage got under way on January 26 in Yangon and Bago regions. Investigators will use questionnaires to examine the living conditions of business owners, public servants, workers earning a bare living and unemployed people. Daw Tin Tin Ye, an official with the labour department of […]

Experts call for providing more public spaces in Yangon

To improve the quality of life and as a momentary escape from the exhausting concrete jungle, the urban developers have called for providing more public spaces in Yangon during the discussion on how to conserve Yangon heritage. “Some streets in Latha Township [Yangon Chinatown] are meant for two-storey buildings. But for now, these places are […]