Myanmar developers let workers go as Yangon high-rise review continues

Two months into a city-wide suspension on high-rise construction, some Yangon developers faced with frozen projects are telling their workers to seek employment elsewhere. Yangon authorities halted hundreds of high-rise projects in May, over 60 of which had received a construction permit from the previous Yangon Region government. The subsequent review to make sure the […]

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Myanmar developers furious after being told to reduce the height of their under-construction buildings

PROPERTY developers have said they are considering legal action after being told by a municipal committee to reduce the height of their under-construction buildings. The committee, which was set up recently by Yangon City Development Committee, is reviewing nearly 200 high-rise projects in the city after chief minister U Phyo Min Thein ordered a halt […]

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PowerChina Resources eyes power transmission lines in Cambodia

The Beijing-based PowerChina Resources Limited (PCR), a shareholder of Sinohydro Kamchay Hydroelectric Project Co. Ltd, which developed the Kamchay hydroelectric dam in Kampot, expressed its interest in building electricity transmission lines in Cambodia. This expression of interest was made when the director general of PCR, Du Chunguo, met the Kingdom’s Minister of Mines and Energy, […]

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Mitsubishi to begin Myanmar mixed-use landmark development project

Japanese trading house Mitsubishi Corp said Tuesday that it has agreed with Mitsubishi Estate Co to commence work on a mixed-use landmark development project in downtown Yangon, Myanmar, in collaboration with Singapore-listed Yoma Strategic Holdings Ltd and local firm First Myanmar Investment Co. The project, which will cover 200,000 square metres of residential, commercial, retail […]

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