The Myanmar Times
Tuesday, 30 June 2015
The Myanmar Times
The Myanmar Times

Urban laws stuck in draft stage

The country needs modernised urban planning laws to keep with a rapidly changing real estate market, as legacy laws are unsuited for the purpose, according to experts.

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Thilawa interest coming from Japan

Over half of the 42 companies that have committed to building in Thilawa special economic zone are Japanese firms, according to U Myint Zaw, general manager of Myanmar Japan Thilawa Development.

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Stays at Yangon’s first Sheraton Hotel are two years away

Starwood Hotels & Resorts Worldwide, the corporation behind the Sheraton brand, has announced its first Myanmar outpost will open in 2017.

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Luxury project planned in Ngwe Saung

A Hong Kong-Myanmar joint venture plans to build a luxury mixed use development aimed at high net worth individuals, to the south of Ngwe Saung village in Ayeyarwady Region. The project will include hotels, residential units, 20 kilometres of white sand beach, a jetty and a golf course.

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Hluttaw approves large loan for Dala-Yangon bridge build

The Pyidaugnsu Hluttaw has given the go-ahead to a US$138 million loan from South Korea to build a bridge between Yangon and Dala – a project that will cost nearly $170 million.

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Parliament to stop Info Ministry’s tender

Parliament decided yesterday to suspend a large-scale tender for a media-related property following intense criticism, though the Ministry of Information says it will wait for the Cabinet’s decision before halting.

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YHT to survey for local peoples’ heritage views

The Yangon Heritage Trust (YHT), with assistance from the New Zealand government, will launch a project this month aiming to understand what Yangon residents value about their local environment.

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Thyssen- Krupp opens branch

German multinational conglomerate ThyssenKrupp opened its Yangon branch office on May 26, initially targeting the elevator market, according to company officials.

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