Buyers have the upper hand in beleaguered condo market

The Myanmar condominium market has developed considerably on the back of changing demand trends in recent years. These days, buyers are looking beyond location and price. They’re now taking size, nearby amenities and resale value into account when purchasing a new condo. The evolving trends could jumpstart growth in the ailing condo market and mark […]

Kayah State sees rising FDI, interest in agriculture sector

Investor interest in the agriculture and livestock sector in Kayah State has been on the rise in recent years, Daw May Myo Zaw, secretary of Kayah State Investment Committee, told The Myanmar Times. According to the 2018 Kayah State Investment Opportunities Survey released by the committee, investors had identified the agriculture and product manufacturing for […]

Yangon Lawmakers Call Local Govt’s Industrial Zone Projects ‘Unrealistic’

YANGON — Yangon lawmakers have criticized the industrial zone projects of the regional government as “unrealistic.” Lawmakers on Tuesday discussed the regional government’s plan to establish 11 new industrial zones on the city’s outskirts. It was announced by Yangon Region Chief Minister U Phyo Min Thein last month on the sidelines of the Yangon Investment […]

How Prepared Is Myanmar To Counter Terror Attacks?

Concern is growing about possible terrorist attacks in Myanmar, and questions are being asked about the government’s ability to counter such threats. We are not talking about the Arakan Rohingya Salvation Army (ARSA) terrorists who provoked retaliatory operations from the military by staging attacks against security forces, innocent civilians, ethnic tribespeople and Hindus in northern […]

CB Bank enter into technical collaboration with CISCO for Data Center and Core Network Infrastructure

YANGON, Myanmar, Oct. 11, 2017 /PRNewswire/ — CB Bank and Cisco are pleased to enter a technical collaboration agreement to transform the Data Center and Core Network Infrastructure to enable core banking application, digital banking and international services to be delivered to its customers and partners in a secure manner. At the same time, CB […]

Mastercard to keep high growth rate in Myanmar

Ravinder Aurora, executive director for global public policy and community relations at Mastercard, said at a press conference yesterday that the company enjoyed double digit growth in terms of the number of card users and transaction value by using the cards every year. “Currently, I believe there are roughly about 2 million cards within the […]

Tenders to be invited for sub-Ks100 million projects in Rakhine

Subscribe to our tender alert mailing list Rakhine State government has announced yesterday that it will invite tenders for projects with investments of not more than Ks100 million. The announcement came at the coordination meeting on inviting tenders for the projects for the 2016-2017 financial year. “We envision development and security in Rakhine State with […]

Survey of Yangon’s Squatters Uses Fingerprint Scanning, Facial Recognition Technology

The Yangon regional government has surveyed tens of thousands of squatters using fingerprint scan­ners and facial recogni­tion technology as part of a resettlement plan to address the city’s housing crisis. Surveyors have visited almost 80,000 house­holds across seven town­ships with the help of for­eign experts and NGOs, officials said. But Colonel Tin Aung Tun, the […]

Ngapali Beach, Mrauk Oo to See Extra Police Force

The Myanmar Police Force (MPF) will deploy more tourist police in Thandwe and Mrauk Oo in Rakhine state due to the rising number of tourists in those areas. The areas that will see beefed up security are Thandwe, Kyauktaw, Ngapali Junction, Mazin Airport, Mrauk Oo Archaeology Museum, Shiqthaung Pagoda and Mrauk Oo Airport. The tourists […]

Buses Suspended for Lacking Cameras

More than 60 bus lines operating out of Aung Mingalar Bus Terminal have been suspended because of failing to install CCTV cameras, an official from the Yangon region’s supervisory committee for motor vehicles, commonly known as MaHtaTha, said. “More than 60 bus lines have not installed CCTV cameras. We have repeatedly warned them before suspending […]