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Colliers Property Report – Yangon Office Market Quarterly Report Q4 2018

Insurance industry to buoy office market Summary & Recommendations As at the end of 2018, the citywide occupancy breached the 70% mark. Though this is healthy, Colliers has noted the sluggish pace of absorption during H2 2018. While demand appears currently held back given the recent market situation, Colliers remains optimistic that office space requirements […]

Yangon jute factory fires over 300 workers, claims losses

The management of a former state-owned jute factory in Yangon on Wednesday sacked over 300 workers who have been employed for over 30 years, saying they are facing losses and will shut down the facility. “Factory officials told us they have to close the factory and dismiss us because they have been suffering losses,” said […]

Benchachinda JV eyes double-digit growth in Myanmar

Myanmar Information Highway (MIH), a joint venture between Benchachinda Group and local companies that provides broadband Internet services in Myanmar, hopes to enjoy double-digit growth this year, according to PassakornHongsyok, the firm’s general manager. Passakorn said in an exclusive interview that the firm aims to serve 2,000 corporate clients in Yangon by the end of […]

Billboard advertising shrinks but remains part of Yangon landscape

Just half a decade ago, Yangon was dotted with billboards as companies jostled for the best locations to draw the attention of the consumers to the products they were introducing to the market. But just like other traditional advertising media, such as the newspapers and magazines, among others, the outdoor advertising industry is now fighting […]

Hilton & Resorts to open Hilton Times City Yangon

The US-based Hilton & Resorts will open Hilton Times City Yangon, for fourth of its kind in 2022. A ceremony to sign MoU on management to open Hilton Times City Yangon with 308 rooms in Yangon, the commercial city was held at Times City on January 12. Hilton Times City Yangon is being jointly built […]

Taking a successful plunge into the digital pool

More and more young entrepreneurs have begun to start their own businesses in Myanmar have achieved success. Among them is U Ye Myat Min, founder of nexlabs, a digital consultation firm that provides branding, marketing, and tech advice to diverse mix of clients in sectors ranging from retail, finance and for consumer products. U Ye […]

Singtel Dash e-payment system opens to Myanmar users

Myanmar nationals in the Republic will be able to send money home using mobile wallet Singtel Dash from March, under a new grant agreement signed on Tuesday (Jan 8). Singtel will work with banks, mobile wallets and cash pick-up services in Myanmar to set up safe and affordable ways for recipients to withdraw their money, […]

FMI changes name, revises constitution

Yangon Stock Exchange-listed First Myanmar Investment (FMI) Company announced on Saturday that it will be adopting a new name and constitution in accordance with the Myanmar Companies Law. At the first special general meeting held in Yangon’s National Theatre, the firm said that a new constitution will replace current memorandum and articles of association, as […]

Sino-Myanmar border trade falls by $562 mln in Q1

The value of Sino-Myanmar border trade between 1 October and 4 January totalled US$1.24 billion, a decrease of $562.8 million compared with the corresponding period of the previous financial year, according to data from the Ministry of Commerce. Border trade stood at $1.8 billion in the same period of the 2017-2018 fiscal. The drop in […]

A Close-Up Look at Mergui Archipelago’s Nascent Eco-Tourism Industry

With its pristine natural islands and Moken “sea gypsy” tribes—whose way of life is rapidly disappearing—the Mergui Archipelago has long held a special fascination as a travel destination for outsiders. Myeik town itself is famous for its pearl shops, edible-nest swiftlet, fish, shrimp and crab farms, as well its British colonial-era structures. A walk around […]