The falling value of the Myanmar kyat versus the US dollar could make repaying external debt harder for the government in the coming fiscal year. In 2018-19, it is expected to repay K877 billion out of the $9 billion Myanmar owes to foreign creditors, according to the budget submitted for the period. That amount may […]
By-Laws Necessary for Condo Market to Pick up Steam
March 24, 2017 by
To improve the lacklustre selling market for condominiums, officials need to enact condominium by-laws soon, said developers such as U Kyaw Kyaw Naing, managing director of iGreen Construction Company Limited. Although the Condominium Law was enacted during the last week of January 2016, by-laws have not come into effect until recently. The condo-selling market […]
Hlegu Lures Speculators
December 7, 2016 by
Speculators with their eyes on Hlegu township are turning the area into a property price hotspot, according to real estate agents. The property market in Yangon has been notoriously sluggish in recent years, but speculators are making an exception of Helgu, said Daw Thuzar May, director of Thit Sar property real estate agent. Real estate agents […]
Eighty per cent of Myanmar rubber exported to China
August 10, 2016 by
The Myanmar rubber market is heavily dependent on China because about 80 per cent of the raw materials of Myanmar rubber are being exported to China, it has been learnt. Myanmar also exports rubber to India and Japan. Some rubber growers who can afford to cultivate new, highyield rubber varieties fell their old trees,which cannot […]
Rubber farmers replace old rubber trees with high-yield variety
May 24, 2016 by
WITH rubber prices declining, some rubber plantation owners have begun felling their rubber trees and selling them as firewood, while some are replacing them with new rubber varieties that have higher yields. “The price of rubber is on a gradual decline. Some rubber farmers sell their rubber trees as firewood because selling rubber latex can’t […]
;
To see more of our client click