Mitsubishi Estate to build Myanmar’s ‘Marunouchi’

Tokyo- Major real estate firm Mitsubishi Estate Co. is planning to start a roughly 50 billion yen (about $438,616,000) redevelopment project featuring office buildings, apartments and hotels in what is now a run-down district in front of a central train station in Yangon, Myanmar. Mitsubishi Estate plans to draw on its experience of developing Tokyo’s […]

China’s Economic Storm Raises Risks and Uncertainties for Myanmar

YANGON, Myanmar—Beginning in the early 2000s, China’s rise buoyed commodities markets and improved the fortunes of many resource-rich countries. Myanmar was no exception: Bilateral trade has expanded considerably, with China now accounting for approximately 40 percent of Myanmar’s imports and 15 percent of its exports. Although estimates vary significantly, data provided by Myanmar authorities to […]