Owners take a gamble on dangerous strategy

Residents of some of Yangon’s older buildings are resorting to potentially dangerous measures in an effort to have their dwellings declared unsafe by Yangon City Development Committee, say developers. Once the building is declared as unsafe by YCDC a developer can then redevelop the site and exploit a loophole in city planning laws to avoid […]

Foreign firm signs on for microfinance

The subsidiary Myanmar Investments International Ltd has signed an agreement with a local company to create a microfinance company in Myanmar. Claiming the newly formed Myanmar Finance International could be the first foreign microfinance joint venture in the country, the partners have agreed to contribute US$4.8 million in capital, it said in a press release. […]