Myanmar News
Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar. The hotel is housed in the group’s Myanmar Center, located some eight kilometers from downtown Yangon, on Kaba Aye Pagoda Road in Bahan Township. Hoang Anh Gia Lai (HAGL) Group is one of the leading real estate […]
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The case for renewable energy grows stronger as technology improves and costs fall, to the point where even conventional energy companies can’t ignore the opportunity for profit. While traditional energy sources still represent about 76% of global electricity production, the world today is seeing a major shift toward cleaner and more cost-competitive renewables, thanks to […]
Continue ReadingHigh rise buildings that were ordered to temporarily cease construction and reduce floor levels were identified after inspections by the Finance, Planning and Economic Committee, that everything is kosher. The committee has submitted its findings on 12 construction sites to the Yangon Regional government, suggesting that there should not be any legal action taken against […]
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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 […]
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