Rakhine Officials Scrap Toll Fees to Ease ‘Burden’ on Businesses

Local officials have scrapped tollgate fees at the entrances to towns in Rakhine to ease financial pressure on traders who use the routes regularly, a state minister has said. U Min Aung, Rakhine’s State Minister for Civil Development, made the announcement follow­ing a decision at a regular state parliamentary meet­ing last month. “We will stop […]

Old rice prices stable despite decline in export price of rice to China

The prices of old rice are still stable despite a decline in export prices of rice to China. Prices of low-quality rice in Mandalay market is on the decline because of China’s low demand for low-quality rice and Chinese Yuan depreciation, said U Thein Zaw, the chairman of Mandalay Rice Depot. Myanmar’s low quality rice […]

Metal scaffolding taking hold

In a sign of maturing for Myanmar’s property market, more efficient metal scaffolding is replacing the traditional bamboo scaffolding in development projects in Yangon as buildings get higher and bamboo becomes more expensive, construction experts said. Though it is still common to see partly constructed buildings swathed in a framework of wooden scaffolding poles tied […]