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Demand still lacking despite urgent need for storage facilities

Despite an urgent need for storage facilities across Myanmar, there are still numerous empty warehouses at vacated industrial sites. At the same time, outdated regulations prohibiting construction of modern warehouses at industrial zones should be reformed immediately, said U Aye Thaung, chair of Shwe Lin Ban industrial zone. “In other countries, services that support the […]

Yangon’s real estate market cools down in 2015

Over the past several years, Myanmar’s economic capital of Yangon has enjoyed a flurry of real estate activity following the loosening of military rule and a gradual process of liberalisation.  However, 2015 proved to be a fairly quiet period for the city’s real estate as the market cooled in the run up to November’s elections […]

Myanmar start-up wins investment

Revo Tech, a Yangon-based agency keen on creative digital applications, has attracted new investment, as Anthem Asia bought a stake in its parent company, Singapore’s Phew Tech. The investment was said to be a six-figure US dollar sum. Revo Tech was established in 2012 by entrepreneur Myo Myint Kyaw. It delivers websites and social-media management […]

Despite Limited Scope, Foreign Alcohol Flux Sends Shivers Through Industry

After a quiet campaign against reselling imported foreign alcohol, the government announced an easing of restrictions from the new fiscal year, which starts in April. However, there is still a great deal of uncertainty over the future of the foreign alcohol in Myanmar. Foreign liquor is still unavailable at supermarkets. The country’s leading chain CityMart […]