Govt to Build 1m Apartments in 330 Towns By 2030

Myanmar is planning to finish the construction of over 1 million apartments in 330 towns across the country by 2030 under its urban development programme, according to the Ministry of Construction. The Department of Urban and Housing Development under the ministry is providing proper housing for the people in accord with its policy on long-term […]

MoUs Inked to Step up Thailand-Myanmar Cross-Border Trade

​​ Business communities and the governments of Thailand and Myanmar have agreed on bolstering cross-border trade by improving existing channels and developing new routes, and with an emphasis on the exchange of data and a new cross-border SEZ. The Thai delegation, led by Thailand’s Deputy Prime Minister Somkid Jatusripitak, met with State Counsellor Daw Aung […]

Thai Cement Giant SCG Sees 2016 Profits Up Ahead of Myanmar Plant’s Imminent Opening

​​ Thai cement compa­ny SCG has posted a 24 percent year-on-year profit increase for the 2016 financial year driven by the perfor­mance of the company’s chemical business. SCG, which also produc­es packaging and indus­trial chemicals, posted a $1.6 billion profit for 2016 but saw a drop in revenue for the final quarter of the year, […]

Animosity in a Burmese Hub Deepens as Chinese Get Richer

MANDALAY, Myanmar — From damp and drizzly London, the siren of British imperialism, Rudyard Kipling, wrote a poem that captured the palm trees, pagodas and temple bells of Burma during colonial rule. The romance of that verse, “Mandalay,” became a refrain for the exotic East, and of this city, in particular, once a royal capital […]

KFC Myanmar Ponders Mountainous Shan State as it Considers a Future Beyond Major Cities

US fast food giant KFC will open its first store in outside of Yangon next year with a new outlet in Mandalay. But the company is already looking further afield in its bid to tap increasing demand for consumer goods following decades of isolation and economic stagnation. The fried chicken giant’s plans for Myanmar’s second […]

New housing project in Mawlamyine estimated to produce about 2,000 units

The Urban and Housing Development Department under the Ministry of Construction plans to implement a new housing project in Mon State estimated to build about 2,000 new units.   The department submitted a proposal to the Mon State government in September to carry out the housing project on vacant plots in the east of Mawlamyine- […]

Hot-air ballooning transport to launch in October

Hot -air ballooning transport will resume in October after a four-month suspension due to weather conditions, said an official from the Ministry of Hotels and Tourism. Hot-air ballooning in Myanmar is a popular excursion for tourists and locals to enjoy the scenic beauty in places such as Bagan. The balloon can lift off only in […]

Short-term and long-term land grants issued to applicants with no record of land disputes

ONLY applicants who have never been involved in land disputes have been granted leases of land for 10 years or 30 years in accordance with Upper Myanmar Land and Tax regulations and Lower Myanmar Town and Villages regulations, Deputy Minister for Home Affairs Maj-Gen Aung Soe told the Amyotha Hluttaw yesterday. Respective district commissioners have […]

Urban development plan being formulated for Mawlamyine, Hpa-an, Myawady

A PLAN to improve urban system in Mawlamyine, Hpa-an and Myawady is being formulated by the government with US$80 million loans from the Asian Development Bank (ADB). The four-year project will be implemented next year by the Ministry of Construction, focusing on installation of urban facilities in those central towns, which plays an important role […]

CHDB to announce plan to sell low-cost apartments

The Construction and Housing Development Bank has announced that it will release new policies for selling low-cost apartments to depositors who can pay 30 per cent of the total value in an initial instalment. Win Zaw, the managing director of the CHDB, said: “People can save their money at the CHDB. They will have a […]