Mall operator, Thai healthcare group launch Yangon hospital on high demand

Myanmar mall operator Ga Mone Pwint Co has teamed up with Thailand’s Thonburi Healthcare Group to start a new facility, Ar Yu International Hospital, in Yangon, where demand for high quality standards of healthcare is rising fast. The new US$70 million hospital, which will open in mid August, is the first such project in Yangon […]

MPs raise concerns over consequences of Yangon expansion

Since the start of the year, Yangon has announced ambitious plans for expansion and new infrastructure. ‘’The Yangon population will hit 10 million in the next two decades and it can be a mega city by 2040, said Daw Nilar Kyaw of Yangon regional minister for Electricity, Industry and Transportation. But while the developments are […]

Mayor promises speedy review of high-rise projects

Yangon Mayor U Maung Maung Soe said the government did not suspend any additional construction projects involving high-rise buildings on March 6. He made the comments in the regional legislature. MP U Hla Thein from Tamwe township asked if the government has plans to greenlight the construction projects. “Suspending construction projects which have already started […]

Yangon Taxi Registrations Cause Traffic Snarls in Laydaukkan Road

The Yangon Region Transport Authority (YRTA) office in Laydaukkan Road, in Thingangyu Township, has been at the centre of severe traffic congestion since November 15 when it began accepting applications for registration and renewals for city taxis. On November 15, about 150 taxis queued along the road causing traffic jams. Dr Maung Aung, secretary of […]

Yangon Region Cabinet sues CEO Dr Than Tun Aung and Eleven Media Group for Libel

Dr Than Tun Aung, the CEO of Daily Eleven and Eleven Media Group, has been sued under the telecommunications law by the Yangon Region cabinet for libel, according to U Phyo Min Thein, chief minister of the cabinet. The article that prompted the legal action was titled, “One year after the election,” published in the […]

Starwood Hotels & Resorts Slated to Enter Myanmar with the Signing of Sheraton Yangon Hotel

SStarwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) today announced its market debut in the Republic of the Union of Myanmar with the signing of Sheraton Yangon Hotel, a new build property in the dynamic capital city. Owned by Family Business Group Hotel Limited, the milestone signing builds upon the Sheraton first mover advantage in the […]

Singapore-based construction firm to invest in high-rise building project

Singapore-based Soilbuild Construction Group will offer management and consultancy services in the construction of a 24-storey high-rise building project in Myanmar, according to a spokesperson for the firm. In July this year, the firm signed an agreement to invest in Myanmar’s construction industry. The contract is worth approximately S$ 1.1-1.4 million. The inspections committee for […]

Myanmar Government moves to cool property market

Government officials say they are planning to introduce additional real estate transaction taxes to cool the overheated the sector. The statements follow announcements in state media last week that a tax on real estate transactions will not be lowered from its current 37 percent, despite industry pressure. Deputy Minister of Finance Maung Maung Thein said […]