New proposals for delayed Condo Law

Four additional recommendations to the draft Condominium Law were debated in parliament earlier this week, as the upper and lower houses continue to tussle over details of the elusive bill. The Pyidaungsu Hluttaw’s Joint Bill Committee on November 18 submitted its report on the Condominium Law, which reviewed the existing 62 clauses and put forward […]

Foreign investment increases in hotel industry

Companies from EU, Thailand and Singapore are planning to make investment in Myanmar hotel industry, according to Director General Aung Zaw Win from Ministry of Hotel and Tourism. The negotiations are already discussed but the plans have been delayed because they are studying the current situations. “There are discussions about the investment in hotel industry […]

Myanmar Oil Terminal Faces Fallout From Yunnan Protests

The Chinese oil port at Kyaukphyu on the coast of Burma’s Arakan State, and the cross-country pipeline to pump oil into China’s landlocked Yunnan Province, face a major problem which could delay or slow down their operations. Almost 50 percent of the 22 million ton a year of crude oil from the Middle East and […]