Gold Demand ‘Remains High’

Purchasing gold has long been a way for Myanmar people to accrue secure savings, particularly in the absence of an efficient banking system. Today the gold market remains steady in a country with still-limited access to financial services. U Kyaw Win is the secretary of the Myanmar Gold Entrepreneurs Association, senior vice president of the […]

Condominium Market in Yangon 1Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Condominium Market 1Q 2014 Demand shifts to modern and better quality condominium projects Developers in Yangon are bullish towards the residential market amid growing interest among local end-users and investors. In 1Q […]

Trade-ins drive jeep demand

While factories producing Myanmar-made jeeps have mostly closed, demand for the iconic vehicle lives on – propped up in part by a government trade-in program. Up to 25 varieties of jeeps and light trucks were made in the country prior to 2011 using imported, often secondhand parts, but the gradual opening of the vehicle imports […]

Myanmar needs modernized rice mills, says industry association

The Myanmar Rice Millers Association (MRMA) has stressed the need for setting up modernized rice milling units in the country to be able to increase exports of high-quality 5 percent broken rice, according to local sources. The MRMA noted that Myanmar’s high-quality 5 percent broken rice (locally known as tann myint) has huge demand from […]

1,300cc car engines still in high demand despite drop in 1,500cc price, dealers say

Myanmar’s Vehicle Import Supervisory Central Committee recently announced that new revaluation rates on cost, insurance and freight (CIF) for imported cars will take effect on January 1. Since these rates provide the basis for tax calculation of imported vehicles, changes in such rates can ultimately affect motor prices. According to the announcement, the CIF revaluation […]

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 […]

Parliament confirms appointments at Central Bank

Myanmar’s Parliament has confirmed the appointment of members of the Central bank governing body, including the new chairman. Kyaw Kyaw Maung, who previously served as chairman of the Central Bank from 1997 to 2007 under the military regime, was reappointed. Current chairman Than Nyein and former director Khin Saw Oo are to be repositioned as […]

Construction Materials Prices Drop

Demand for construction materials in Myanmar has dropped in recent months, due to the celebration of Buddhist lent, construction materials traders say. Pebbles in particular have seen a marked fall in prices, as homeowners have been less concerned with building and renovating their homes during the lent period, which runs from mid-July to mid-October. Traditionally […]