The first underpass in Myanmar, being built on Pyay Road in Kamayut Township, will be completed by the end of January 2021 as the construction process of the underpass is 85 percent complete with one entrance elevator on the side of Junction Square is under construction while others are...
The Central Bank of Myanmar has auctioned USD 15 million in a day for the first time in September at the rate of MMK 1,750 per dollar while the rate in the informal market was at MMK1,900-2,000 per dollar. The dollar rate against Myanmar Kyat keeps breaking records since March,...
Year Foreign direct investment into the agriculture sector in Myanmar as of August 2020-2021 Fiscal Year is less than one percent of the total FDI into the country, according to the Directorate of Investment and Company Administration. The Agricultural sector only received USD10.650 million between April and September 2018 and...
Colliers International Myanmar and Noble Twin Dragons Co., Ltd. (Ruby Dragon Group of Companies) entered an exclusive investment representation agreement for Pyay Tower and Pyay Residences. The upcoming mixed-use commercial and residential project sits on 2.16-acre freehold land, located in one of Yangon’s premium addresses. Designed as a prime landmark development, the project is...
Last Saturday, Myanmar’s Union Election Committee announced a victory for Daw Aung San Suu Kyi’s National League for Democracy (NLD) in the 2020 Myanmar General Election. The party won 83 percent of the seats in the Union Parliament, which exceeds even the number of seats gained in the previous...
The Yangon City Development Committee (YCDC) has received over 1,000 building permit applications through the Yangon Building Permit System (YBPS), a fully automated system making all processes related to building permits including inspection requests completely online, significantly improving processing times, in just five months of operations. The YPBS was designed...
Yangon Real Estate Market is sluggish with more selling offers in contrast to very few buyers during the COVID-19 pandemic, according to real estate agents. “People have less cash in their hands and started selling their properties. But there are very few buyers and even fewer transactions,” a real estate...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Pyidaungsu Hluttaw, Myanmar's highest legislature, has approved the highly anticipated comprehensive Industrial Zone Law on May 26. The statue has 20 chapters and 75 articles. The bill was drafted and announced in August 2019. The contribution of the industrial sector to the GDP of Myanmar who heavily relies on...
Part 1 of the Yangon Elevated Expressway project is estimated to cost $800 million, according to U Han Zaw, Union Minister of the Ministry of Construction, at the meeting by Steering Committee on Implementation of Yangon Elevated Expressway and Outer Ring Road. The meeting was held to discuss the...
The Ministry of Planning, Finance, and Industry will conduct a survey called Baseline Survey on Myanmar MSME’s Digital Utility on over 2,500 Micro, Small and Medium Enterprises (SMEs) to identify digitalization and improvement index so that the government can adopt the policy. The survey will be carried out by MinMyanmar...