Burmese Gas Firm Official Confirms Plans for Doubling of CNG Price

YANGON — The price of compressed natural gas (CNG), which is used in almost all public buses and many taxis in Yangon, will rise by 100 percent, but likely not until sometime next year, an official from the Myanma Oil and Gas Enterprise says, denying local media reports that the price hike would take place […]

Yangon hotel room supply to double: minister

Yangon’s current stock of 9000 rooms is set to more than double in coming years, a regional government minister says. While the city has 190 licensed hotels with more than 9000 rooms, the government has granted permission for about 250 hotels with more than 20,000 rooms, Yangon Region Minister for Hotels and Tourism U Soe […]

1,300cc car engines still in high demand despite drop in 1,500cc price, dealers say

Myanmar’s Vehicle Import Supervisory Central Committee recently announced that new revaluation rates on cost, insurance and freight (CIF) for imported cars will take effect on January 1. Since these rates provide the basis for tax calculation of imported vehicles, changes in such rates can ultimately affect motor prices. According to the announcement, the CIF revaluation […]

Planned Electricity Price Increase Sparks Concern Among Businesses

Business owners and households say they are concerned about the government’s plan to raise electricity prices next month, when rates are set to significantly increase, in some cases with up to 100 percent. On Tuesday, the Yangon City Electricity Supply Board (YESB) announced that households that consume more than 101 units of electricity per month […]