Local property developer Mottama Holdings yesterday held a topping out ceremony for its project, M Tower, which is the first high-rise steel-structured office building in Myanmar. More than 8000 tonnes of steel is being used to construct the 26-storey, 111-metre tall building, which will be fully complete by 2020, said U Yang Ho, chair of […]
Read MoreProperty-market watchers say the increasing availability of home loans, the introduction of the Condominium Law 2016, and stable market makes this a good time for those looking homes to start considering taking the plunge. At present, management bodies that will enforce condominium rules and regulations are starting to emerge and as soon as they are […]
Read MoreAt a liquor store in downtown Yangon, bottles of whisky and wine are on display. Upon closer inspection, one soon notices that wines from Argentina to New Zealand are for sale, but only whiskies made locally are available. “Foreign liquors are not on display because we are not allowed to sell them,” the sales assistant […]
Read MoreThree major domestic business organisations have urged Brussel’s visiting mission not to revoke Myanmar’s access to the Generalised Scheme of Preferences (GSP). Meanwhile, The Myanmar Times understands that a statement co-signed by six European business groups has been addressed to the monitoring mission, arguing that withdrawing GSP “will undoubtedly have a detrimental impact on the most vulnerable people […]
Read MoreSix months after allowing foreign investors to register and participate in the domestic retail and wholesale sector in May, the Ministry of Commerce (MOC) has so far permitted four joint ventures between foreign and local investors Under notification 25/2018 issued on May 9, the MOC allowed 100 percent foreign-owned businesses to operate in the retail […]
Read MoreYANGON (Xinhua) – Bilateral trade between Myanmar and Vietnam has reached over USD362 million in five months of the six-month transitional period from April to September this year, according to the figures from the Commerce Ministry yesterday. Myanmar has changed its fiscal year period from original April-March to October-September beginning 2018-2019, producing a six-month transitional […]
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Thailand
