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Urban development plan being formulated for Mawlamyine, Hpa-an, Myawady

A PLAN to improve urban system in Mawlamyine, Hpa-an and Myawady is being formulated by the government with US$80 million loans from the Asian Development Bank (ADB). The four-year project will be implemented next year by the Ministry of Construction, focusing on installation of urban facilities in those central towns, which plays an important role […]

Sugarcane, sugar law expected to develop sugar business

SUGARCANE growth and the sugar law is expected to help develop the sugar business and to enable sugar businessmen to survive for the long term, said U Win Htay, the vice chairman of Myanmar Sugar Development Public Co Ltd. Local sugar entrepreneurs are being faced with high costs of production and cannot compete with the […]

Domestic real estate market likely to be active within second half of year

New construction projects are expected to cool Myanmar’s property market, according to an expert from iMyanmarHouse.com, also saying that current house prices could drop more, depending on government policies for development of low-and-middle-income families. “Currently, both buyers and sellers are monitoring the cooling market,” he added. “Land price is expected to drop off in the […]