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
September 6, 2017 by
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
May 30, 2017 by
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
May 25, 2017 by
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 […]
Singaporean investment starts rice production for international export
May 18, 2017 by
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’
May 16, 2017 by
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
March 28, 2017 by
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
February 13, 2017 by
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 […]
;
To see more of our client click