Business

Yangon Region govt to start selling low-cost housing flats

The Construction Ministry says it has built 2,200 low-cost housing flats in 100 days, and will put more than 1,500 of the flats on sale soon.

Among them, more than 600 are administered by the Department of Urban and Housing Development. “Eligible people are granted ownership of these flats. Some are still waiting for new apartments, as they don’t like these ones,” said Director General Min Htein from the department.

Stock exchange ready to trade online

Thet Tun Oo, a Yangon Stock Exchange (YSX) manager, says the Securities and Exchange Commission of Myanmar (SECM) is testing online trading.

The six securities companies officially licensed by the SECM were ready to start when official permission was given, he added.

“The public is calling for the online trading. It’s up to the SECM to decide whether it would allow it. Tests are under way for online trading. The six companies are ready for it,” said Thet Tun Oo.

Govt declares ongoing commitment to major housing projects

Two major housing projects, which include 49 high-rise buildings under construction in Dagon Seikkan Township, Yangon Region, will be finished by 2020, says Director General Min Htein from the Department of Urban Housing Development.

Min Htein met reporters at the office of the Myanmar Construction Entrepreneur Association (MCEA) on January 21 in Yangon and said the Ayeyarwon and Yadanar housing projects were developing 18-storey buildings.

Trade boss calls for quality exports

Tin Htut Oo, adviser for the Federation of Chambers of Commerce and Industry (UMFCCI), says Myanmar exported more than one million tonnes of agricultural products, such as rice, beans and corn, but most were just raw materials.

“Myanmar only exports rice, beans and corn as raw products. They’re still far from becoming value-added products,” he said.

Produce was often too poor quality for export, he added, despite the removal of barriers to trade.

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