Myanmar News
Foreign companies will soon be invited through a public tender to build low-cost housing projects in Yangon Region, according to the Ministry of Construction. This will mark the first time foreign contractors are given access to the affordable housing sector in Myanmar. Ministry officials have said they will prioritise building housing for the poor, after […]
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Thai shopping mall operator Central Pattana will stretch outside of its Bangkok base, with locations to open this week and next year in areas where the economy is expanding as well as near the nation’s borders. The company, the real estate development arm of retail giant Central Group, said Monday it will open a mall […]
Continue ReadingYangon based Maze Co Ltd is planning to build 100 cinemas in less densely populated cities in Myanmar, and will invest about $20 million towards this over the next two years, a top executive with the company told this portal. The idea is to have 316 seated cinemas set up in cities that have under […]
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Faults lurking under Myanmar, as well as Bangladesh and India, could produce a magnitude-9.0 earthquake, according to a new study by Columbia University geologists. The research, headed by Michael S Steckler of Columbia University’s Lamont-Doherty Earth Observatory, was published in the academic journal Nature Geosciences on July 11. An Indian plate is stuck – according […]
Continue ReadingSIAMGAS and Petrochemicals (SGP), a supplier of liquefied petroleum gas, will take over a 230-megawatt power plant in Myanmar for US$48 million (Bt1.69 billion) in cash as part of its drive into other energy businesses. The combined-cycle power plant in Myanmar should give SGP higher income and return on investment, which should add value to […]
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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 […]
Continue ReadingThailand may buy 9,000 megawatts of electricity from Laos this year to ensure sufficient supply to meet rising demand, says a senior official at the Energy Ministry. That is nearly 30% higher than the 7,000MW Thailand currently buys annually from Laos, according to the most recent memorandum of understanding (MoU) the two countries signed in […]
Continue ReadingIn the near future, if you wish to visit Bangkok, one of the options on the table is likely to be taking a bus ride, as talks are in an advanced stage to implement a project promoted by the Asian Development Bank (ADB) to start a regular bus service between India and Thailand via Myanmar. […]
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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 […]
Continue ReadingYoma Strategic has completed another step on the long road toward starting work on a 10-acre mixed-use luxury development in downtown Yangon. The Singapore-listed firm, which has major interests in Myanmar real estate, announced yesterday in a filing to the bourse that it had signed a shareholders’ agreement with several parties involved in the long-delayed […]
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