fbpx

Traders expect better business on wider trade financing options

Now that the Central Bank of Myanmar (CBM) has allowed a total of seven foreign banks to provide trade financing services in Myanmar, traders are anticipating much better business in the months ahead. Last December, the CBM permitted 13 foreign banks to apply for approval to offer trade financing services in the country. Since then, […]

Real estate market still cool in Dala Tsp

Real-estate market in Dala Township is still cool despite the announcement of the Yangon- Dala bridge construction project, according to a report in the Myawady Daily yesterday. Authorities issued notice letters to apply eminent domain to residences and businesses in the path of the construction project, which will begin in October. The bridge is scheduled […]

Vietnam beauty industry targets Cambodia, Myanmar

There is significant opportunity for Vietnamese firms to invest in the beauty sector in Cambodia and Myanmar as well as export beauty products to the two markets, participants at an HCM City conference said on Thursday. Leong Ann Suan Jeremy, the editorial director of Beauty Cosmedica magazine, told the road show to introduce Beauty Connect […]

Homebuyers Must be Transparent When Buying Property, Say Lawyers

Real estate lawyers have urged buyers and sell­ers to stop the practice of lowering the price of their properties on paper agreements to avoid pay­ing tax, saying it could damage the image of the industry. “Lowering prices on payment agreements to avoid tax could have far reaching consequences,” said U San Win Aung, Managing Director […]

Apartments for Bo Ba Htoo Housing Project Go on Sale

Developers have started construc­tion on the sec­ond phase of the Bo Ba Htoo affordable housing project in Yangon’s North Dagon township, the Yan­gon City Development Committee has said. The project, which the Yangon regional govern­ment hopes will be com­plete in 2018, sits on just under 15 acres of land in North Dagon Township at the […]

Singaporean investment starts rice production for international export

Agrastar, a partnership between Chin Corp Myanmar, Agrocorp International, and RiverWest Capital, was formed to supply high-quality agricultural commodities from Myanmar to the global market, and especially to Europe. The rice production and export facility is completely automated to process 75,000 tonnes of paddy annually – producing high-quality parboiled, brown and white rice. Agrastar aims […]

High Rates on Loans for Affordable Homes Are ‘Shutting Poorer Families Out of the Market’

The interest rates charged by banks on loans used to help low-income families purchase affordable hous­ing units are too high, the Chairman of the Myan­mar Real Estate Services Association has said. U Khin Maung Thant said that while it was a“great thing” that banks were providing loans to help people buy afford­able apartments, the rates […]

Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

How high street clothes were made by children in Myanmar for 13p an hour

Children as young as 14 have been employed to make clothes for some of the most popular names on the UK high street, according to a new report. New Look, Sports Direct’s Lonsdale brand and H&M have all used factories found to have employed children, after several major brands switched their production to low-cost factories […]