Jade miner turns hand to Yangon condo

Nay Min Kabar Gems & Jade Mining Company has made its debut in the real estate sector, launching a mid-range condominium in Yangon through its subsidiary Green Development. Apartments in the Leaf Residence went on sale last week, spokesperson Ko Zaw Min Htoo told The Myanmar Times. Units are being sold-off plan for the 12.5-storey […]

Currency depreciation, policy changes a barrier to motorisation

Myanmar will reach the income level required to become “motorised” before neighbours Laos and Cambodia, but policy changes and currency instability threaten to undermine the market. As incomes rise, new vehicle sales are likely to increase. Myanmar citizens will reach the level of income required for motorisation to take off by 2019. Laos will reach […]

Another wait for mine bill

Approval of the Mining Amendment Bill has been delayed again as hluttaw members dispute whether or not some of its provisions are constitutional. The main focus of the current disagreement is whether to grant licences to mining companies for 15 years or 25 years. The bill is an attempt to update legislation that many see […]

IP laws reach final draft

Pirates beware: A law protecting intellectual property (IP) could soon be on the books after intensive discussions with local and international experts on copyright, trademarks and industrial design, officials said. After 11 rounds of discussion and amendments, and with input from the World Intellectual Property Organisation (WIPO) and the Japan International Cooperation Agency (JICA), the […]

Foreign ownership scheduled in Condo Law

Foreigners will be eligible to own apartments on the 6th floor or above of condominiums, according to an official draft of the Condominium Law published on November 10 in The New Light of Myanmar. The full text of the draft law also specifies foreigners will be able to buy up a maximum of 40 percent […]