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Myanmar's second city, Mandalay, is ripe for expansion in the real estate market: Colliers International
Mandalay is a sprawling city, composed mainly of houses with few high-rises, and Colliers expects to have fewer than 1000 units even into the end of 2017. Fewer than 6 percent of households live in high-rises, compared to 17 percent in Yangon. -
Myanma Posts and Telecommunications (MPT) will change the auto telephone numbers to updated exchanges in order to give better and upgraded services to customers
MPT said that IP system NGN (Next Generation Network) Mayangone (SoftSwitch) exchange will be replaced with MSAN (Multi Service Access Node), while Kyimyindaing RSU numbers (50xxxx, 51xxxx, 52xxxx, 53xxxx) of Hanthawaddy S-12 exchange will be changed to Mayangone (SoftSwitch) exchange numbers (931-7xxx) on November 20 -
Malaysia-based GrapheneNanochem will put its latest product, GrapSolve, to the test in the field for a national oil company in Myanmar
It is a paid trial under the group’s deal with ScomiOiltools and the product is due to be used in three wells in work due to complete in the first quarter of 2016, the company said in a statement. GraphSolve is used to treat drill cuttings waste on-site, thereby ridding the costly need to transport and treat material away from the well. Drilling generates between 300MT and 600MT of cuttings per well. GrapheneNanochem claimed that the latest product can reduce treatment costs by between $70 and $200 per MT of cuttings. -
Myanmar Railways (Naypyitaw) will call for a tender to build multi-storey car parks and apartments on their acre of land behind Thamada cinema in Yangon
Myanmar Railways (Naypyitaw) said it will call for a tender to build multi-storey car parks and apartments on their acre of land behind Thamada cinema. Every interested person or company can submit a tender application starting from November, MR said in a statement. “We are doing this to reduce traffic congestion. York [Yaw Min Gyi] street is very crowded. That’s why we intend to build a car park. School buses will be able to park and traffic congestion will be somewhat resolved,” said U Ba Myint, general manager of Myanmar Railways (Naypyitaw). -
The European Union and Myanmar government have pledged to strengthen cooperation on climate change ahead of the adoption of a new global climate deal in Paris this December
In a workshop on climate change, the Ministry of Environmental Conservation and Forestry together with other ministries, civil society representatives, the private sector, and the EU and other development partners, discussed the draft National Climate Change Strategy and Action Plan in Myanmar. The Plan is supported by the Myanmar Climate Change Alliance, a flagship programme of the government to increase its institutional and technical capacities to address climate change. In addition to taking stock of the progress so far, key elements of the strategy and action plan were agreed upon by the participants with a view of presenting these at the Paris conference. -
Anti-smuggling team have seized Kyat 310 million in smuggled goods through Yangon and Mandalay International Airports since July last year up to the present
Anti-smuggling teams have seized K310 million in smuggled goods through Yangon International Airport and Mandalay International Airport in 1,001 cases from July last year to the present. “We returned some smuggled goods upon payment of a fine and we destroyed some if they were deemed not suitable for public use,” said U SweLattMaung, a senior official from the Ministry of Commerce. -
Myanmar's first central rubber market to be built during the next financial year at Mawlamyine in Mon State
Myanmar's first central rubber market will be built at Mawlamyine in Mon State as authorities seek to help the industry amid low prices and sluggish sales. Mon State is the country’s top rubber producer and the commodity is considered a “promising export” in Myanmar’s National Export Strategy (NES). -
Myanmar's trade steady year-on-year despite flooding (with exports - USD 6.858 billion and imports - USD 9.356 billion as of end October in this fiscal year, where exports was USD 6.723 billion and imports - USD 9.522 billion over the same period last year) : Ministry of Commerce
Myanmar’s bilateral trade was worth US$16.204 billion over the first six months of fiscal year 2016, placing the country on track to meet its $29.9 billion target by the end of the year. U Win Myint, director of the Trade Promotion Department under the Ministry of Commerce, told The Myanmar Times that exports until end-October were worth $6.848 billion and imports had reached $9.356 billion. This compares with the first six months of last year, when exports were worth $6.723 billion and imports valued at $9.522 billion, he said, with total trade just marginally higher than this year, at $16.247 billion. This year the ministry targets $12 billion of exports and $17.7 billion of imports, said U Win Myint. -
The Reserve Bank of India issues circular calling an end to barter trade at the India-Myanmar border
Under the existing system,traders can exchange goods worth less than US$20,000 including pulses and beans, fresh fruits and vegetables, spices, bamboo, forest products (excluding teak), tobacco and other commodities. “Barter trade was initially permitted to facilitate exchange of locally produced commodities along the Indo-Myanmar border,” said the November 5 notice. -
Yangon election 'smooth, peaceful, orderly': observer
An election observer from the Asian Network for Free Elections says his initial impression of yesterday’s polls was of a peaceful, orderly vote. DamasoMagbual, ANFREL’s head of mission, said last night that voting appeared to be in line with procedures laid out by the Union Election Commission (UEC).
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