Analysts Say 2016 is the Worst Year for Rangoon Construction Sector

​​ RANGOON — Rangoon’s construction market faced its hardest year in 2016, as a result of changing government policies during a market cooldown, say critical industry observers. During the best development years, 2005 to 2014, high-end condominiums and low-cost apartments sprung up around Rangoon, construction and real estate observers said. As the market neared its […]

Tea Touted as Solution to Budgetary Woes

​​ As the government has found itself without enough cash to complete development projects scheduled in the current fiscal year, one cabinet member has aired an unusual proposal for financing the shortfall: tea money. Speaking in parliament yesterday, the minister for agriculture, livestock and irrigation said that if the public truly wants all its roads […]

Public Company to Build Government Housing Project

Public company Myanmar Construction and Development will finance and build a low-cost government housing project in Yangon. Chair of Myanmar Construction and Development U Thar Htay confirmed to The Myanmar Times that his company had entered into a partnership with the Ministry of Construction’s Department of Urban Housing and Development (DUHD). U Thar Htay is also the […]

Drones must steer clear of Shwedagon

Shwedagon Pagoda is now a no drone zone. Unmanned aerial vehicles (UAVs) are not welcome to fly over the famed pagoda or its grounds without prior permission, the pagoda trustee committee announced at a September 30 press conference. The board of trustees said the ban has been in place for a year, but has not […]

Boozy battle-ground: a turf war brews in Myanmar

At a beer station on Bogyoke Aung San Road, servers traipse from table to table, handing mugs of Myanmar Beer to cheroot-smoking men in longyis. Another beer station in Sanchaung township looks almost exactly the same, but with Dagon Beer decorations and brew dripping from the taps. All over Myanmar, domestic brands such as Myanmar […]

Heineken aims to be market leader in Myanmar by 2020

HEINEKEN intends to become the market leader in Myanmar’s beer market by 2020, confident that it can beat local and foreign products in one of the biggest emerging markets in the Asia Pacific region. “We are the last brewery to come to the market. Currently, we are No 5 in the market. We hope to […]

Aung San Suu Kyi inspires University of Oxford to help Myanmar

Aung San Suu Kyi was given an honorary doctorate in civil law by the University of Oxford in 1993. Yet it was only in 2012, after many years of house arrest in Myanmar, that she was able to come and receive the award in person. Her acceptance speech recalled “very precious memories” of her student […]

Heineken’s Foot in the Door

Last Friday’s launch of Heineken Beer in Myanmar marked the official entrance of the Amsterdam-based giant’s flagship brand, but the company’s place in the market will require years of strategy and legwork. With a newly-built factory in Hmawbi township, the conglomerate has already begun selling their brews for weeks, time enough to test the market […]

Real estate roller-coaster

After shooting up in 2013 and 2014, excessive speculation and political uncertainties combined are pushing down exorbitant rents Rental rates for luxury apartments in some parts of Yangon have been steadily declining since September 2014, while rates for basic apartments have remained stable, according to real estate market forecasts. “The rental charges in the real […]

Yangon to host voter education programmes this month

Programmes to educate voters in Yangon Region will commence in the middle of March under the guidance of election monitoring organisations. Local civic organisations in Yangon Region met for the first time on March 3 to discuss the implementation of the programmes in ten townships. “The authorities in Yangon Region and in 10 townships that […]