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The Municipal Committee of Naypyidaw recently announced it will sell 197 land plots of 6,400 square feet each in Dekhina Thiri Township for a reduced price of K25 million. The land plots will be sold to those who will actually occupy them. Buyers will be required to build fence and...
New Yangon City Development Project has received 16 Expressions of Interests (EOI) submitted by companies and consortiums from nine countries in the Swiss Challenge for the first package of works launched on October 15, 2020, by the Swiss Challenge Tender Committee. It is the Committee’s objective to apply a structured...
The local gold price when the market closed on Friday, September 10, was at K1.91 million per tical compared to K1.855 million on September 13 representing around a K50,000 drop over the weekends. (tical= 16.3 g) Global gold price is USD $1,789 per ounce on September 13. The local gold price...
In a bid to resolve Yangon’s squatter problem, the Yangon Regional Government is preparing to build a second housing project for squatters. Construction is slated to start in December. When completed the project will include 450 units of single-family houses in South Dagon Township and 300 units in East Dagon. The...
China, Myanmar’s major trade partner, has closed all the border tradeposts on the Myanm-China border with the closure of Chin Shwe Haw border trade gate on October 6 with the excuses to curb the spread of COVID-19. China has restricted imports from Myanmar through a $450 million Chin Shwe since five...
The Privatization Commission under the Ministry of Commerce will sell under open tender 25 properties it owns in Bago, Yangon and Mandalay regions. The tender form can be obtained from the Office of the Privatization Commission in Naypyidaw from November 13 to December 12. The properties for sale in Bago Region...
The military junta amended the 2020 Union Tax Law cutting the percentage of taxation on unassessed income or undisclosed sources of income with the aim, it said, to increase businesses which severely hit by the impact of the COVID-19 pandemic. The NLD administration introduced taxation on unassessed income in a...

Dollar rate hits K1,700

The dollar rate has been strong against Myanmar Kyat since the military coup reaching over K1,700 per dollar on August 11. This is the second time that the dollar rate against Myanmar Kyat reached over K1,700 within six months after the coup compared to K1,355 per dollar before the...
Retired government employees can now apply for tenancy at the rental housing recently built by the Ministry of Construction in Dekhina Thiri Township, Naypyidaw, according to an announcement by the ministry. Eligible applicants are retirees in low pension income groups who do not own housing. The ministry will give priority...
  The Yangon-Bangkok highway project that will allow people to reach Bangkok Yangon by bus in nine hours has launched with financial assistance from Asia Development Bank, according to the Ministry of Construction.  Currently, it takes 16 hours to travel 570 miles from Thialwa, Yangon to Bangkok by vehicles.  One the new...