Myanmar News
An influx of foreign engineers into Myanmar’s booming construction sector has prompted the authorities to crack down on unlicensed expats. Developers are required to register foreign workers with the local council, and suspensions await those that do not abide by the rules. Both local and foreign developers have had to register their expat employees […]
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Deputy Prime Minister Gen. Prawit Wongsuwon on Thursday announced Myanmar has expresses their readiness to cooperate with Thailand to construct a new bridge to connect the two countries in Chiang Rai province. The deputy PM said there was also more progress in terms of national security issues between the two countries as Myanmar agreed to […]
Continue ReadingMyanmar’s construction industry is forecast to record rapid growth in the next five years, at an annual average rate of 10.37%, finds a new report by Timetric’s Construction Intelligence Centre (CIC). In real terms, the industry’s value stood at US$8.2 billion in 2015, and is anticipated to value US$13.5 billion in 2020. According to the […]
Continue ReadingSunlabob Renewable Energy Ltd., the venture-backed company specialising in renewable energy and clean water solutions, recently completed the construction and commissioning of a 90 kWp roof-mounted solar photovoltaic (PV) system at the Australia and New Zealand Banking Group’s (ANZ) main office in Vientiane, Laos. The project is the first-ever commercial grid-connected solar system in Laos. […]
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As a city-wide suspension on high-rise projects continues, developers in Yangon say they will have to pay penalty fees to buyers for failing to complete their projects on time and may be forced to default on their bank loans. Last month Yangon Region government ordered a construction freeze on all projects with nine floors or […]
Continue ReadingTHAILAND could be strategically promoted by Japan-based Sumitomo Construction Machinery as the distribution and financial hub of Asean, especially CLMV (Cambodia, Laos, Myanmar and Vietnam), to cash in on the region’s high mid- and long-term potential, Kazuhiko Sasaki, the company’s president director for Southeast Asia said. Sumitomo Construction Machinery is one of the world’s leading […]
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CEA Project Logistics Thailand are very proud to announce that due to our continued growth and the increasing need for logistics services in South East Asia we have now opened two new logistics bases in the region. Carrying on from the success of CEA Myanmar we can now inform you that we have expanded into […]
Continue ReadingThailand’s second largest LPG trader Siamgas and Petrochemicals Pcl (SGP) has entered into a joint venture with a Burmese partner to set up a gas-processing plant in Myanmar with total investment of not exceeding 100 million baht ($2.81 million). SGP’s deputy managing director Jintana Kingkaew said, it was in the process of searching for a location […]
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The five-fold increase in property sales tax for this fiscal year, imposed by the previous government, has resulted in a huge rise in tax-dodging, real estate professionals say, perhaps contributing to the market’s current stagnation. This year’s rates were approved by parliament in January as part of the 2016 Union Tax Law and have been […]
Continue ReadingNAWARAT Patanakarn, one of Thailand’s top five construction companies, has set a budget of more than Bt500 million to invest in Asean, mostly in pre-cast concrete production and infrastructure projects in Myanmar this year. “The company reached an agreement to form a joint venture with a local partner in Myanmar, and expects the factory to […]
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