Moving in difficult due to permit delays

Delays issuing Building Completion Certificates (BCC) are keeping owners and renters from moving into recently completed buildings, say developers. Contractors often have to wait up to a month to be issued the permits from Yangon City Development Committee (YCDC), which translates into lost revenue for developers unable to move in tenants and owners immediately after […]

Online Car Market Revs up Tech Race

Online car marketplace MyanmarCarsMarket has upgraded its portal to utilise state-of-the-art technologies in a bid to grab a bigger share of the burgeoning auto market pie in Myanmar, the company said. As Myanmar opens up to the rest of the world, the way businesses and consumers interact with each other is expected to change dramatically, […]

Jewellers demand new gems law

Local jewellers are calling for the government to privatise their multibillion dollar a year industry and allow for individual traders to export rare commodities directly under a more favourable tariff scheme. Jewellers said that a limitation on exports of raw and polished precious stones to sales at government-run emporiums and selected markets was strangling the […]

Myanmar retail rental rising

The rising price of rent for Yangon’s street-level shops is being driven by an influx of potential tenants, with some locations demanding six-fold increases from two years ago, store owners say. They said that rapidly rising rental costs are eating into their profits, but constant demand for prime locations is expected to keep commercial rents […]

MCDC orders land owners to build homes

Mandalay City Development Committee has given the owners of undeveloped plots in the city until the end of this year to build a house on the land or face having it confiscated. MCDC said the radical order, announced in the state-run Mandalay newspaper on January 28, had been introduced because it says vacant plots “slow […]