Myawaddy industrial zone set for 2017 opening

An industrial zone under development in Kayin State is expected to open in fiscal year 2017, according to officials. The Myawaddy industrial zone is being built on a 201-acre site between Myawaddy and Thingan Nyi Naung, just 7 miles (11 kilometres) from the Thai-Myanmar border. “The state government hasn’t set a time limit on the […]

Applications to list on Yangon Stock Exchange to open next month

The Yangon Stock Exchange will begin accepting applications for listed companies by next month, according to Dr Maung Maung Thein, chair of the Securities Exchange Supervisory Commission. The long-awaited listing criteria was announced earlier this month through state media. “Companies acting in accordance with the criteria can apply for licences to sell their stocks on […]

Real estate agents warned off dirty money and foreign buyers

Real estate agents have been asked to watch out for attempts to launder money through the property sector and to avoid selling to foreigners or speculators. The Myanmar Real Estate Services Association (MRESA) recently met with international anti-money laundering organisations to discuss the ill-gotten funds that are reportedly laundered through the property sector, said U […]

Condo Law impasse could spur new draft

The Pyidaungsu Hluttaw will resume discussion of a controversial draft Condominium Law on August 10, according to Amyotha Hluttaw representative U Phone Myint Aung. The draft law was first introduced to the Pyithu Hluttaw in November 2012. It was expected to be passed in 2013 but remains in limbo two years later, as ministers within […]