Three years after it was founded, Yangon Stock Exchange is marooned, which doesn’t augur well for developing the capital markets. Myanmar’s stock exchange could hardly be in a better location. The imposing stone building commands a corner on one of downtown Yangon’s busiest intersections and was originally the central Reserve Bank of India’s branch when […]
Myanmar growing at breakneck speed
When Singapore lawyer Chester Toh starting working in Yangon, Myanmar’s commercial centre, 18 months ago, his commute to the centre took 15 minutes; now it’s a 45-minute slog through increasingly clogged streets. Call it the price of progress, or reform to be more exact. Toh, a partner at law firm Rajah & Tann, told The […]
Yangon More Expensive Than Manhattan Sparking Boom: Real Estate
Sean Danley has spent the past six months scouting office space in Yangon after being sent to establish the Myanmar branch of his U.S.-based employer. He looked in the city’s three sole 1990s-era towers, where annual rents have climbed to more than $100 a square foot, compared with less than $75 in downtown Manhattan, according […]