The Myanmar Times
Thursday, 27 August 2015
The Myanmar Times
The Myanmar Times

Property investors cautious over Kyeemyindaing bridge promises

Once bitten, twice shy. Investors and speculators who once pushed property prices sky-high on rumours of major developments have greeted the announcement of three new bridges and possibly a tunnel with deafening silence, industry observers say.

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Trade tipped to reach US$30 billion

Myanmar's foreign trade could reach US$30 billion in the current 2015-16 fiscal year, representing an 8 percent increase over the year just ended, according to U Maung Aung, a consultant to the Ministry of Commerce.

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Sembcorp awarded largest gas-fired power plant project

Singapore-based Sembcorp Industries has been awarded a contract to develop and operate Myanmar’s biggest gas-fired power station, it was announced last week. The 225-megawatt plant will be built in Myingyan, Mandalay Region, the company said.

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World Bank credits go to poorest farmers

More than 100,000 of the poorest farmers with limited access to water stand to benefit from a World Bank decision last week to approve a US$100 million credit to the government to help increase productivity and create jobs by making agriculture more resilient to drought and climate change.

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New property tax rates can spur demand for real estate market

Real estate agents are extending a cautious welcome to a change in the tax laws that could stimulate the torpid property market.

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Electricity demand soars as cuts hit Yangon

Myanmar's electricity demand is constantly increasing and 7.2 million new household electricity connections will be required by 2030, according to analysts speaking yesterday at the Myanmar Power Utilities Congress 2015 in Yangon.

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Government to warn ‘illegal’ futures brokers

The  government is to issue a formal warning to “illegal” online futures trading companies to stop trading once offices reopen at the end of the Myanmar new year holidays today, according to U Maung Maung Thein, deputy minister for finance.

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Entrepreneur finding the right designs

Creating designs comes naturally to Ko Zaw Min Tin, the founder and CEO of Pixellion Creative Design company.

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