Japanese technology boosts telecommunication

Myanmar, which is one of the last underdeveloped telecommunication markets in Asia, lags behind its neighbours in Southeast Asia. Only few people have access to fixed telephone lines here. Since the first Internet connections were established in 2000, Internet services in Myanmar still remain slow and unstable. Faults due to construction work causes frequent connection […]

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 […]

Yangon Office Space Set to Double as Rent Holds Steady

Yangon’s office space is predicted to more than double last year’s total, reaching over 240,000 square metres by the end of 2015, more than double last year’s total area of 107,864 square metres, according to a report from American real estate services organisation Colliers International. According to the report, 2015 will see the fastest growth […]

Charges loom for directors of futures trading firm

Police are on the trail of the senior officials of an online futures exchange brokerage accused of cheating its clients. According to some estimates, the company, known as Global Growth or Golden Global, may have defrauded its clients of nearly US$1.5 million. Though allegations of cheating have been widespread for some weeks, at this point […]

Customers irate at futures trading firm

A company which goes by two names – Global Growth and Golden Global – has allegedly cheated US$1.48 million (K1.65 billion) from customers, according to local newspaper 7day Daily. The company reportedly tells clients that it is a branch of Standard Bullion, which is a member of the Chinese Gold and Silver Exchange Society. The […]

Soaring rent, limited infrastructure and skilled workers blocking investment

The high cost of living and rent, plus limited infrastructure and skilled workers are the major negative factors that deter potential investors, according to the American Chamber of Commerce. Dr Soe Htun, a businessman, explained: “Insufficient infrastructure and buildings lead to high cost of living. This burdens investors, both local and foreign. The government should […]

State of Service Office Business in Yangon 2014

by Kevin Heng Introduction Myanmar, formerly known as Burma: the final frontier of foreign investment. A hitherto untapped market of 60 million in between the 2 most populated countries in the world. Such clichéd terms are often thrown around in any article one comes across when one is researching on how to invest in Myanmar. […]

Authorized Apple Sellers Must Compete With Black Market Counterparts

New stores selling Apple computer products are hoping to tap into Rangoon’s nascent consumer class, but these authorized distributers say they face competition from so-called black market competitors offering lower prices. An authorized reseller of Apple’s laptop and desktop computers, mDrive—part of conglomerate Make It Happen International—is set to launch on Sept. 28 at downtown’s […]

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 […]