Myanmar housing development bank to open next month

The opening ceremony of Construction and Housing Development Bank ( Photo - EMG) The Construction and Housing Development Bank Limited (CHDB) will open its first branch within a month, according to their managing director. The bank was licensed on July 15 and aims to provide cheap housing through installment plans for low-income families, pensioners and government workers. "We are planning to open a bank branch in one month. After opening,...

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Land Prices Soar in Muse As New Zone Attracts Chinese, Burmese Investors

RANGOON — Chinese and Burmese businessmen have been rushing to buy up land in a new economic zone in the border town of Muse, northern Shan State, causing local land prices to skyrocket, according to residents, who claim that prices have topped US$200,000 per acre. “This is a big project and Chinese people really like it. Every day, many people from PRC [People’s Republic of China] come to purchase lands from that project zone. Generally,...

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Golden Return: Serge Pun Constructs A Real-Estate Empire In Myanmar

This story appears in the September 2, 2013 issue of Forbes Asia.      The road to Star City is a rutted two-lane highway that threads past the ragtag outskirts of Yangon, crosses two rusted bridges and ends, almost an hour later, at a slick showroom on a grassy riverbank. A roadside billboard welcomes me to “A Model City of Tomorrow.” After a bumpy ride in monsoon rains the real estate showroom comes as a relief and something of a mystery. As a salesman clicks on interactive screens showing condominium designs and floor plans,...

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Japanese firm to invest in Myanmar agribusiness

                                        Fruits displayed at a Megumi No Sato store (Photo - Megumi No Sato)   Japan-based Megumi No Sato will join hands with Myanmar's City Mart Holding Company, to produce and sell vegetables and fruits, according...

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Rice exports down but annual forecast positive

By THIKE ZIN (DVB)Burma exported some 200,000 tonnes of rice between April and July, but that’s 100,000 tonnes short of last year’s figures.According to the chairman of the Myanmar Rice and Paddy Traders Association, the 50 percent decrease in shipments is due to an increase in the Burmese rice price, a decrease in Indian prices, and adverse weather conditions.The price per tonne for low-quality Emata rice (25 percent broken) in Rangoon today...

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ေငြက်ပ္ ၁၅ဝဝ တန္ ဆင္းကတ္ ေစ်းႏႈန္းမ်ား ဆက္တိုက္က်ဆင္း လာေသာ္လည္း ေလွ်ာက္ထားသူ က်ဆင္းျခင္း မရွိ

Wednesday, 28 August 2013 ေငြက်ပ္ ၁၅ဝဝ တန္ ဆင္းကတ္ ေစ်းႏႈန္းမ်ားမွာ ဆက္တိုက္ က်ဆင္းလ်က္ ရွိေသာ္လည္း ရပ္ကြက္ အုပ္ခ်ဳပ္ေရးမွဴး ႐ံုးမ်ားတြင္ ေငြက်ပ္ ၁၅ဝဝ တန္ ဆင္းကတ္ ေလွ်ာက္ထားသူမ်ား ပိုမို မ်ားျပားလာေၾကာင္း သိရသည္။ ရပ္ကြက္ အုပ္ခ်ဳပ္ေရးမွဴး ႐ံုးမ်ားတြင္ ေငြက်ပ္ ၁၅ဝဝ တန္ ဆင္းကတ္ ေလွ်ာက္ထားၾကသူ အမ်ားစုမွာလည္း ေငြက်ပ္ ၁၅ဝဝ တန္ ဆင္းကတ္ မဲေပါက္ပါက ကိုင္ေဆာင္ အသံုးျပဳရန္ မဟုတ္ဘဲ ျပန္လည္ ေရာင္းခ်ရန္ အတြက္ ေလွ်ာက္ထားျခင္း ျဖစ္ေၾကာင္း သိရသည္။...

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