Dutch expertise to support Yangon’s water management

Yangon’s regional government will receive support to tackle challenges regarding urban water and water logistics by a coalition of Dutch companies and organisations. The companies signed an agreement with the authorities to improve water supply, resources, governance and innovation; and oversee sriver transport, dredging and tunneling. The agreement is a 3-year programme under the Dutch […]

German firms eye Myanmar’s water sector

German companies will be travelling to Yangon, Nay Pyi Taw and Mandalay to explore Myanmar’s market focusing on water and wastewater infrastructure and a conference on the topic is hosted by the German Federal Ministry of Economic Affairs and Energy (BMWi) and the German Water Partnership (GWP), in collaboration with the German Embassy in Yangon. […]

Ministry of Commerce Eyeing Mango Exports to the EU

European market, which receives 40 percent of the world’s mango exports, are interested to importing mangos from Myanmar. Therefore, the Ministry of Commerce and local traders are working to export mangos to the E.U. on a large scale. Sein Ta Lone mangos from Myat Yadanar Mango Plantation in Southern Shan State were exported to Munich, […]

MMA Star Aung La N Sang to Help Fight Illegal Wildlife Trade

Aung La N Sang, the most celebrated cage fighter in Myanmar’s history, has been appointed by World Wildlife Fund (WWF) Myanmar as its ambassador for fighting wildlife crime. “The fight to protect wildlife and stop wildlife crime in our country is a fight that is close to my heart,” said the Kachin mixed martial arts […]

Myanmar Shoppers Spend $90,000 in 1 Hour During Alibaba’s ‘11.11’ Online Sale

The local unit of Chinese e-commerce giant Alibaba Group sold over $90,000 worth of goods in the first hour of its first-ever online sale aimed at Myanmar shoppers on Sunday. The local version of Alibaba’s global “11.11” online sale was conducted by Myanmar’s biggest online shopping platform, SHOP.com.mm. SHOP said in a statement that over […]

Laxer Rules of Foreign Banks to Spur Trade, Central Bank Says

The Central Bank of Myanmar said its decision last week to let foreign banks operating in the country lend and provide other services to domestic companies will help exporters limited by local lenders finance their trade with the rest of the world. “We expect that they [foreign banks] will mainly provide foreign currency to the […]

Yangon blighted by housing woes

There’s no doubt many Yangon residents want to own their own home in the city as soon as possible, especially those with families or planning to start one. But for many city folks, the prices of new housing units, even those classified as low-cost housing, are beyond their reach given the current state of the […]

Yangon Aerodrome Company announces new milestones and upgrades for Yangon International Airport

Yangon Aerodrome Company Limited (YACL) is increasing the capacity of Yangon International Airport (YIA), the gateway to Myanmar, and stepping up marketing to open new international routes, even as YIA is likely to close 2018 with the slowest growth in air passenger traffic in five years. At a media briefing today to announce the five […]

Myanmar’s first dry port opens for business

KM Terminal & Logistics Ltd (KM) and Resource Group (RG) officially opened two separate dry port projects in Ywar Thar Gyi, Yangon yesterday. A dry port is an inland intermodal terminal directly connected by road or rail. Freight trains will run from Ywar Thargyi to a second dry port in Myit Nge, Mandalay, which KM […]

Collier Propety Report – Yangon Service Apartment Q3 2018

SUMMARY & RECOMMENDATIONS Since Q4 2017, no new projects were introduced. During the past four quarters, Yangon only witnessed renovation and expansion initiatives from the already existing developments. In turn, as at the end of Q3 2018, the citywide occupancy rate managed to rise above 84%. Conversely, rental rates across all unit categories have marginally […]