Japanese drinks giants Kirin Holdings booked an impairment loss of over 21.4 billion yen ($193 million) in the six months through June on account of its beer production businesses in Myanmar. But it is not planning to exist in Myanmar, Reuters reported quoting senior executive officer Toru Yoshimura from Kirin,...
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...
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...
Japan has expressed interest to participate in the Dawei Special Economic Zone located in the Tanintharyi Region, according to U Myint San, Vice President of the Management Committee for SEZ.  Myanmar, on November 5,  invited international partners to invest in the SEZ project under Government to Government Collaboration and received...
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...
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...
Written by Ei Thandar and Tin Maung Oo Food, clothing, and shelter are the basic necessities that humans need access to. Helping people meet their need for shelter is one of the mandates of the Construction, Housing, and Infrastructure Development Bank (CHID). We recently sat down with the bank’s chief...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် Written by Linn Thit Pyidaungsu Hluttaw on May 29 session approved to borrow $20 million loans from Korea Exim Bank (EDCF) to complete the construction of Dala Bridge, also called Myanmar-Korea Friendship Bridge, by 2022. While waiting for the loans to receive, the Ministry of Construction will build other...

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...
အောက်တွင် မြန်မာလို ဖတ်ရှုနိုင်ပါသည် The State Counsellor Daw Aung San Suu Kyi attended the groundbreaking ceremony for the rental housing project at the special agricultural zone in South Dagon Township, Yangon.t Over 200 companies led by three construction associations will develop this mega project aiming to satisfy the surging housing demands and...