Will YSX Deal a Blow to Burma’s Real Estate Market?

Yangon — Burma’s newly launched Yangon Stock Exchange (YSX) has left observers wondering what this could mean for the country’s volatile real estate market. Yangon , Burma’s commercial capital, has for many years boasted the country’s highest prices for property. Yet some experts believe that the emergence of the YSX, which kicked off trading on […]

Japanese water project flows into Yangon’s Mayangone

Mayangone Township, in Myanmar’s commercial capital will soon benefit from a safe and secure water system, according to a Yangon City Development Committee press release dated November 24. The release said the Japan Consortium Limited Liability Company, a joint venture between TSS Tokyo Water and Tokyo Engineering Corporation partnered with YCDC to install new water […]

Electricity issues to threaten big industry

With another summer approaching, Yangon industrial estates are again facing the prospect of massive power outages that owners expect will cost industrialists hundreds of thousands of dollars in profit, while hurting the commercial capital’s efforts to bolster an investor-friendly reputation. In the summer months of March to May 2013, factories had as little as three […]

Investors want a stake in Yangon boom

YANGON, 24 January 2014: Ministry of Hotels and Tourism says international investors are eyeing opportunities in Myanmar tourism especially in the hotel business. Ministry of Hotels and Tourism director general, Aung Zaw Win, told local media that many European and Asian investors have now registered their interest in the hotel industry. “Thailand which is already […]

First phase for Myanmar’s Thilawa SEZ begins on Saturday

YANGON—Myanmar will start construction tasks as the first phase for the Thilawa Special Economic Zone on Saturday (November 30), according to the zone’s management committee. Nine local public companies and a consortium of three Japanese firms comprising Mitsubishi, Marubeni and Sumitomo are to develop the Thilawa SEZ, with Myanmar holding a 51-percent stake and Japan […]

Philips Links With Partners to Light Up Myanmar

YANGON — Dutch electronics giant Philips has teamed up with local partners to bring more of its products to Myanmar, as the brand looks to take advantage of the Southeast Asian nation’s growing demand for lighting. In a ceremony in the former capital Monday, the 120-year-old firm signed up with three companies who will distribute […]

Ahead of Elections, Thilawa Pitched as Jobs Booster

YANGON — Officials hope that the soon-to-start “Special Economic Zone” at Thilawa near Myanmar’s commercial capital Yangon will underpin a jobs boom in time for the country’s 2015 elections. Building work at the 6,000-acre Thilawa SEZ will begin soon, according to Set Aung, deputy governor of Myanmar’s Central Bank. Set Aung told The Irrawaddy that […]

Myanmar’s Work Hopes Still Up in the Air

PANTANAW/YANGON — U Than Zaw shook his head as he stared across the waterlogged fields. “Over there, that’s where my land is,” he said, swinging a tattooed arm out through the bamboo frame of a waterside hut. We were standing just off the road linking Yangon, Myanmar’s heaving commercial capital, with Pantanaw, a flood-prone farming […]

A taxing matter for the real estate sector

Will the assessment scheme halt soaring land prices? Real estate agents say a government move to generate more taxation revenue from property transactions has assessed the value of land, houses and apartments in Yangon at about 40 percent of market prices. The reaction follows the release by the Ministry of Revenue and Finance in September […]