Edible bird’s nests in high demand from China, Malaysia and Thailand

The edible bird’s nests produced by swiftlets from the Myeik archipelagoes in Taninthayi Region are readily purchased in China, Malaysia and Thailand, it is learnt. The bird’s nests are exported through Ranong  to Thailand and are also sent to Yangon. The merchants export these bird’s nests to Malaysia and China after the nests are purified, […]

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 […]

Chaungtha Wind Farm Project

  THE China Three Gorges Corporation signed a Memorandum of Agreement (MoA) for the development of Chaungtha Wind Farm Project in Ayeyawady Region with Ministry of Electric Power of Myanmar in Nay Pyi Taw recently. The MoA signing ceremony on 29th February was hosted by U Khin Maung Soe, Union Minister for Electric Power, Mr […]

New bridge a boon for beach tourism

  Business operators at Chaungtha are hoping the reopening of a bridge on the road to Pathein will restore tourism to the beach. U Toe Bridge, near U Toe village, about 5 kilometres east of Chaungtha in Ayeyarwady Region, has been temporarily closed for upgrades since January. The project will see the wooden single-lane bridge […]

Myanmar govt suspends 68 projects, waiting for new administration

YANGON – The Thein Sein government has suspended 68 projects, including coal-fired power plants, mining and private sector deals, to allow the next government to manage the assets when it takes office, according to state-owned newspapers. The report was published shortly after MPs discussed an urgent proposal last week calling the government to scrutinise the […]

Luxury project planned in Ngwe Saung

A Hong Kong-Myanmar joint venture plans to build a luxury mixed use development aimed at high net worth individuals, to the south of Ngwe Saung village in Ayeyarwady Region. The project will include hotels, residential units, 20 kilometres of white sand beach, a jetty and a golf course. Hong Kong based H&Co Real Estate Holdings […]

Condo developers go small-town

As the market for condominium developments in Yangon becomes increasingly crowded, developers are looking at other locations across the country for opportunities to build new projects. Yangon’s skyline is changing quickly as developers race to build high-end condominiums, but elsewhere in Myanmar, the pace of growth has been much slower. Mandalay’s first condominium was built […]

MOGE invites supply-base bids

Myanma Oil and Gas Enterprise (MOGE) has requested local and international private companies to discuss the establishment of an offshore supply base joint venture, according to officials. Interested private companies are invited to meet with MOGE between May 25 and June 12, according to a statement issued by the ministry body earlier this month. The […]

Real estate roller-coaster

After shooting up in 2013 and 2014, excessive speculation and political uncertainties combined are pushing down exorbitant rents Rental rates for luxury apartments in some parts of Yangon have been steadily declining since September 2014, while rates for basic apartments have remained stable, according to real estate market forecasts. “The rental charges in the real […]

Two years after the government passed a law to set a minimum wage, it still has not come into existence.

The issue has been a source of tension particularly in the garment industry, with a number of strikes so far this year revolving around issues of wages and overtime. Yet experts say it has been a difficult process to put a minimum wage into place, with the topic more complex than it first appears. “We […]