Singapore to invest $316m in housing

The Myanmar Investment Commission (MIC) has allowed two Singapore companies to invest over US$316 million in two Yangon housing projects, according to the Directorate of Investment and Companies Administration (DICA). “A Singapore company will invest US$35 million in a housing project and another firm will invest US$280 million in a separate project,” said an official […]

Min Residences to start construction in September

“We have created a joint venture to invest in Min Residences. “The complex will be located next to the second central business district of Yangon. It will be first tower in Myanmar with 60 fitness and recreational facilities such as sports rooms, a gym, a kids’ playground area and swimming pools,” he said at a […]

Dry port discussions under way on China border

The Shan State government has approved the project, and has asked First Golden Dragon Company to secure consent from landowners, said Muse district administrator U Kyaw Kyaw Htun. The company hopes to build a 210-acre dry port including a highway bus station, space for trucks to load and unload, cold storage and new warehouses, he […]

Asian law firms open offices

Two large foreign law firms officially set up shop in Yangon on June 23, claiming to be driven by growing interest in Myanmar from regional businesses. South Korean law firm Yulchon received permission to open earlier this year, and has other offices in Hanoi and Ho Chi Minh. It has set up in Junction Square […]

Four Thai banks vie for licences in Myanmar

Thai banks with representative offices in Myanmar have a strong interest in applying for restricted-services licences, after that country recently opened up for such applications from foreign banks for the first time. Four Thai banks have representative offices in Myanmar – Bangkok Bank, Krungthai Bank, Siam Commercial Bank and Kasikorn-bank. If they can obtain the […]

Unicef Defends US$90,000 a month rental for Yangon Office

RANGOON — The representative of the United Nations Children’s Fund (Unicef) in Burma has claimed the agency got a “good deal” on its new Rangoon office, after it emerged that the agency is paying a large sum in rent to a former military official. On Tuesday, The Irrawaddy published information from sources close to Unicef […]

Vietnamese businesses encouraged to invest in Myanmar

Businesses should invest in Myanmar right now instead of waiting for a couple of years when they may miss lucrative opportunities, said Tran Bac Ha, Chairman of Association of Vietnamese Business Investors in Myanmar on July 15 in Hanoi. Workers produce footwear items for export to Myanmar at Biti’s Company. Speaking at a seminar on […]