United GP Development has received approval for 68 Residence. A development project that will offer 222 residential apartments and 153 serviced apartments. The construction will be a residential tower and…
The largest ever contract to-date in Myanmar to supply elevators has been won by the Swiss company Schindler. The contract is to supply and install 79 elevators and 24 escalators…
The United Overseas Bank of Singapore (UOB) has announced approval, with their corporate clients, for investments totalling $300m. This will fund various projects in Myanmar over the next 12 months.…
The Bosch Group, whose head offices are in Stuttgart, Germany, has reported an increase in annual sales of 70% for Myanmar, thanks to growing demand from the automotive and construction…
The Charoen Pokphand Group Co. Ltd., of Thailand have announced they are to purchase an 8 storey office building in Yangon. The project has a reported value approaching $15m. The…
A new three star hotel is planned at Thandwe Airport. Thandwe is in Rakhine State, on the Western coast of Myanmar. Reports state the joint venture is between the Department…
Although still awaiting approval, as at 24th June, the new minimum daily wage is expected to receive authorisation and be set between Ks 3,200 ($3) and Ks 4,000 ($3.7). Discussions…
The Lippo Group of Indonesia has confirmed plans to build 20 new hospitals in Myanmar with a total project value of $1bn over the next ten years. Up to seven…
Parliament has approved a soft loan of $138m from South Korea. The loan is for 40 years with an interest rate of 0.01% and according to sources no repayments will…
Local reports confirm that developments are planned at Pazundaung railway station with a scheduled start in January 2016 for Myanmar Railways (MR). The site is in Pazundaung township in the…
