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The emergence of the Myanmar Centre Project Yangon, the commercial capital of Myanmar, welcomed a 100% foreign direct investment from Vietnam’s Hoang Anh Gia Lai (HAGL) Myanmar in the form of the Myanmar Centre Project which began to take shape in 2013. With the aim of giving a quality retail shopping...
Chairman of the State Administration Council, Senior General Min Aung Hlaing, who overthrew the civilian government on 1 February 2021, said that Nay Pyi Taw will be shaped like green, clean and smart city. The state-owned Global New Light of Myanmar quoted Min Aung Hlaing to be saying that "many...
Upscale Yangon real estate property Golden City has launched a New Year promotion campaign offering discounts on condominium units, to end March 31. With Phase 1 and Phase 2 now completed, Golden City has seven residential towers targeted at young professionals and families. The development features facilities including a swimming...
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...
Yangon Gold Enterpreneur Association (YGEA) is working on innitiating Paper Gold scheme, which allows people to trade gold using the gold certificate issued by the banks. Under the paper gold system, gold is deposited at the banks as assets, for which the banks issue certificate equivalent to the deposited gold....
Telenor Group has announced today that it has entered into an agreement to sell 100 percent of its mobile operations in Myanmar to M1 Group for a total consideration of 105 million USD (approximately 900 million NOK), of which 55 million USD (approximately 470 million NOK) is a deferred payment over five years. 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...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Shwe Taung Real Estate Co., Ltd, the real estate arm of Shwe Taung Group, has entered into a joint venture with AEON MALL Co., Ltd., a member of Japan’s Aeon Co Ltd, a listed conglomerate, to invest, develop, manage and operate large scale shopping malls in Myanmar....
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...

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...