Low risk tolerance investors waiting for results of 2015 election to invest

According to a report by consulting firm New Crossroads Asia – low risk tolerance investors are waiting for the results of the 2015 election before investing in Myanmar. Aung Naing Oo, director general of the Directorate of Investment and Companies Administration (DICA) said there was some truth to this. “Reports that foreign companies are waiting […]

Power leakage consumes 30 per cent of investment

Myanmar’s antiquated electricity distribution system is causing a loss of 30 per cent for every dollar invested in generation, Singapore-based consultancy New Crossroads Asia said, citing estimates previously made by the International Financial Corporation. Almost one-quarter, 23 per cent, of electricity generated is wasted due to leakages along the entire distribution system as well as […]

Rocketing rental fee freaks out foreign residents

Foreign residents in Yangon are burdened by unabashedly hiking rental charges, and some head back to Bangkok at weekends to take a break, according to realtors circle. “Foreigners are freaked out of rocketing rental fees and also tired of electricity shortage,” said an official of City Land real estate agency. The government has planned to […]