fbpx

Yangon Officials see High Public Interest in Land Sale

The Yangon Region government has received over the 12,000 applications for request of proposals (ROPs) for land sold by the government, a Yangon official said. There were over 15,000 application forms issued by the government when it first announced the land sale. The regional government started selling the ROP forms for K10000 (US$6.60) each on […]

Demand still lacking despite urgent need for storage facilities

Despite an urgent need for storage facilities across Myanmar, there are still numerous empty warehouses at vacated industrial sites. At the same time, outdated regulations prohibiting construction of modern warehouses at industrial zones should be reformed immediately, said U Aye Thaung, chair of Shwe Lin Ban industrial zone. “In other countries, services that support the […]

South Korea eyes Myanmar investments in manufacturing, infrastructure

South Korea is eyeing expansion opportunities in manufacturing and infrastructure in Myanmar. At the Myanmar-Korea Investment Promotion Seminar in Yangon on Thursday, a delegation of 13 South Korean countries met with officials from the Ministry of Transport and Communication and Ministry of Electricity and Energy (MOEE), seeking opportunities to invest in the two sectors. “We […]

South Korea to build $98 million logistics hub in Yangon

South Korea has invested $98 million to construct a logistics hub at Shwe Lin Ban Industrial Zone in Hlaing Thar Yar township, Yangon region. The move is touted to be vital to promoting Myanmar’s exports. HUBS MK Co Ltd from South Korea and Myanmar Trade Promotion Organisation under the Ministry of Commerce signed a memorandum […]

Nearly 300 low-priced flats in Shwe Lin Ban unsold

Nearly 300 low-cost houses at Shwe Lin Ban industrial zone in Hlaing Tharyar township, are awaiting to be sold, according to an official from the Department of Urban and Housing Development (DUHD), Ministry of Construction. “We are developing cheap housing for those with very low income who couldn’t afford accommodation prices,” U Nay Myo Hlaing, […]