Bloomberg Myanmar said a planned $2.5 billion redevelopment of the six-decade-old railway station in Yangon will get underway around June once contract negotiations are completed. Talks with the preferred bidder for the revamp of the 25.7 hectare (63.5 acre) site in the commercial capital will take about two months, U Win Khant, permanent secretary at the Ministry of Transport and ...

Bloomberg Japan’s labour unions have won pay rises for workers, although they’re still too small to generate the big increase in consumption that the Bank of Japan needs for inflation. Initial results for this year’s “spring offensive” wage talks show workers receiving a 2.16 percent increase in monthly pay, according to figures released by the Japanese Trade Union Confederation. This ...

Bloomberg Singapore is the world’s most expensive city for the fifth straight year in the Economist Intelligence Unit’s (EIU) latest Worldwide Cost of Living report, with Paris and Zurich tied for second place. Asia Pacific and European destinations dominated the ranks of costliest cities identified in the report released this week. Tokyo and Osaka were conspicuous in their absence from ...