HOUSE OF THE WEEK
Refurbished twin-level apartment in Hlaing
TWO thousand and two hundred square feet split over two floors of freshly redecorated space for K90 million sounds like a pretty hot deal. more
Indian govt okays $1.35b investment
BANGKOK – India is investing US$1.35 billion in gas projects in Myanmar, the two governments have announced, as the neighbouring nations pursue closer economic and diplomatic ties. (Volume 26, No. 513)
Auctions weigh heavily on high-end property sales
THE wave of privatisations carried out by the government has depressed prices at the high end of the real estate market, industry professionals complain. (Volume 26, No. 513)
Commodity markets to join electronic network
COMMODITY centres nation-wide will be hot wired together this year, a Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) official said last week. The plan to link the nation’s exchange centres electronically begins with the biggest first – the Bayintnaung Wholesale Commodity Exchange Centre in Yangon – and branches out from there. (Volume 26, No. 513)
Bran, bean paste costs raise fish feed prices
FISH farmers already being battered by increased competition in international markets now have another issue to contend with: Rising feed prices.All the ingredients used to make fish feed are increasing in price, which bumps up the overall cost of the feed, a number of industry spokespeople said recently. (Volume 26, No. 513)
Imported booze and tobacco under taxation spotlight
IMPORTED alcohol and tobacco products and drinking water must carry a tax seal or risk confiscation, tax authorities have warned. (Volume 26, No. 513)
New farming zone in Shan State
A NEW farm zone has been set up in southern Shan State to supply the local region and boost exports. The 430-acre zone, called Shanyoema, comprises 332 plots of farmland near Hteeyee village, near the road linking Ayetharyar industrial zone with Nyaungshwe township. (Volume 26, No. 513)
Discounts abound in flat market
DISCOUNTING is a not-so-novel method of unloading any given commodity. But construction companies in Yangon have been using discounts to sell large numbers of apartments since 2007, with the practice picking up steam in 2009 and continuing into this year, a number of company spokespeople told The Myanmar Times last week. (Volume 26, No. 513)
