Real estate prices in Yangon’s industrial zones fall

YANGON, Dec. 12 (Xinhua) — Real estate prices in industrial zones in Myanmar’s Yangon have been falling as un-utilized vacant plots and warehouses are faced with seizure under a recent ultimatum issued by the Yangon government, the semi-official Global New Light of Myanmar reported on Friday. The regional government set Feb. 1 next year as […]

Yangon Govt to Seize 80% of Idle Industrial Land from Speculators

YANGON — Yangon’s Industrial Zones Management Committee has received business proposals for only about 20 percent of the idle land holdings in divisional industrial zones by a government-imposed deadline this week, according to Myat Thin Aung, chairman of the Hlaing Tharyar Industrial Zone. The divisional Industrial Zones Management Committee, under Yangon’s Department of Human Settlement […]

Myanmar bust fake banknote gang

More than $90,000 worth of counterfeit Myanmar banknotes was seized by police in the country’s Mon State last week. A senior police official who asked not to be named told DVB that, following a tip-off, 9,000 fake 10,000-kyat notes were seized at a restaurant in Bilin Township of Thaton district from four men who had […]