Zaykabar launches Pyay Garden Office Tower for rent

An office tower built by Zaykabar Group on Pyay Road has opened for business. The company started to develop the site of the project in 2000, building a residential tower, which has not yet opened. Construction of Pyay Garden Office Tower began in 2013. “We built this tower based on our own experience and office […]

FMI still unable to get railway lease for iconic Landmark project

The March 22 meeting was confirmed by an official from the Ministry of Railways. Work on the US$400 million mixed-use project in downtown Yangon backed by business tycoon Serge Pun has been unable to get underway due to an inability to secure a lease extension from the Ministry of Railways. Once the lease extension is […]

US top clothing brand Van Heusen opens outlet in Yangon

Van Heusen, US top-selling menswear brand, has opened its first outlet in Myanmar at the Parkson Departmental Store, FMI Centre in the commercial city Yangon, according to VH Myanmar Ltd. There are rapid changes taking place in Myanmar. To serve the market need for quality and reliable clothing brands, Van Heusen has entered Myanmar, accordign […]

Myanmar growing at breakneck speed

When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]

Yangon More Expensive Than Manhattan Sparking Boom: Real Estate

Sean Danley has spent the past six months scouting office space in Yangon after being sent to establish the Myanmar branch of his U.S.-based employer. He looked in the city’s three sole 1990s-era towers, where annual rents have climbed to more than $100 a square foot, compared with less than $75 in downtown Manhattan, according […]

Gubelin Gem Lab eyes ‘Ruby Land’

Gubelin Gem Lab, a Swiss company that has a regional office in Hong Kong, sent foreign gemologists to Mogok, known as “Ruby Land”, in early July to test gemstones in the area, which has previously been off-limits to foreigners. “After the government allowed foreigners into Mogok in April we received permission for our technicians to […]