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Demand from education providers jolts real estate market

The Yangon real estate sector has received a much-needed boost from an unlikely source: education providers. Since foreigners were permitted to wholly invest in the provision of educational services in the country earlier this year, demand for high-standard condominium and office units has surged. This is because education investors find leasing or buying condominium or […]

Kaplan to open first wholly-owned campus in Yangon

Kaplan Myanmar University College, a subsidiary of US educational program provider Kaplan Inc, will open its campus on Pyay Road, Yangon, on June 28. The Kaplan campus in Yangon will offer University Degree programmes, Professional Certifications, MBA Programmes and short courses. Daw Khine Khine Lin, principal of Kaplan Myanmar University College, told The Myanmar Times, […]

Yangon to tighten security during Thingyan Festival celebrations

Police will increase security during the Mahar Thingyan Festival to ensure the smooth celebration of the event, the Mahar Thingyan Festival Security and Regulation Committee said. “We will improve the security; it will be better than in previous years. In addition to crowded places, police will try to patrol around the business pavilions,” said Police […]

Singapore’s Pan Pacific opens new hotel in Yangon, remains confident of long term ROI

Wee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with […]

Running Yangon’s largest hotel

The first thing one observes about Lotte Hotels & Resorts Yangon, Lotte Co’s newest hotel, is its sheer size: the property has 658 rooms. The second is the service. Step into the hotel and one is cheerfully greeted by employees eager to help with your umbrella and point you in the right direction. One wonders […]

Padamyarfm Radio Station : Open Tender. Closing Date on 15 July 2017

Subscribe to our tender alert mailing list Open Tenders are invited for Supply of Studio Furniture and Equipment for the Relocation, Installation of New Radio Studios, in US Dollars. Interested companies may obtain Tender Applications and Specification Documents at our Padamyar FM Office as following address during office hours on 22.6.2017 and 23.6.2017 or may […]

Yangon to Boost Revenue by Taxing for-Profit Pandals

​​ Despite a government ban on for-profit pandals in public areas, the Yangon Region government will allow them in private areas during Thingyan, or water festival, according to Yangon Chief Minister U Phyo Min Thein on March 24. “We’ve received applications to hold entertainment pandals at The One Entertainment [in Thuwunna township], People’s park and […]

No Profits or Share Dividends for YBPC Yet

​​ YANGON Bus Public Company (YBPC) has not received any profits after running for a year and hence the firm cannot pay dividends to its shareholders, according to Yangon Bus Public Company chair U Maung Aung. The YBPC was registered under the Ministry of National Planning and Economic Development and has been permitted to operate […]

BRT Lite Share Sales Re-start

Yangon Public Bus Company – operator of the new Bus Rapid Transit (BRT) Lite bus routes – has started a second round of shares sales, while the government has extended the application deadline for firms interested in rolling out the BRT system city-wide. The government set up Yangon Public Bus Company last year, using a […]

Govt plans 700-acre economic zone in northern Yangon

The construction ministry is planning to build an economic zone on 700 acres in Yangon’s Mingalardon township including residential and commercial buildings, an official has told The Myanmar Times. The land between Yangon-Pyay Road and No.3 Yangon-Mandalay Highway was transferred to the ministry’s Department of Urban and Housing Development in January this year for development, but […]