fbpx

Collier Property Report – Mandalay PROPERTY MARKET 2017

Key Strategic City on the Rise Getting its fair share of modern developments, Mandalay’s property market is moving ahead, while the growth potential remains promising. In fact, master-planned development is seen as an attractive concept, and Colliers predicts more developers are likely to join the bandwagon. We advise future projects to offer an upgrade in […]

Still no Decision on Hotels in Bagan Zone

The government is yet to decide on what to do with the hotels in Bagan heritage zone, even as the UNESCO has been suggesting their relocation since 2013. “UNESCO suggested the transfer of the hotels and buildings in heritage zone to other places since 2013, but no action has been taken yet,” UNESCO’s national project officer […]

Hilton enjoys double digit growth in Myanmar since entry

HILTON WORLDWIDE has enjoyed double digit growth every year since it entered Myanmar three years ago, and expects stronger growth as it expands further, according to a senior executive. William Costley, vice president of operations for Southeast Asia and India, said in an exclusive interview the hospitality firm is doing really well in Myanmar in […]

Parkland projects suspended pending plan

Yangon Mayor U Maung Maung Soe told the regional parliament yesterday that the YCDC was drafting a master plan and they would only allow projects to be carried out after it is drafted. “Some companies have requested us to draft the master plan as soon as possible. The buildings must be located 30 feet away […]

Myanmar Business Leaders Bullish on Future Under Suu Kyi-

TOKYO — Business leaders in Myanmar are confident in the country’s future under the National League for Democracy government headed by de facto leader Aung San Suu Kyi, although they say improvements in infrastructure and the banking sector are needed to assure growth. Speaking at a Myanmar economic forum sponsored by Nikkei Inc. in Tokyo on […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

Residents Fear Restart of Coal Power Plant

A coal-fired power plant in southern Shan State that was shut down two years ago due to residents’ complaints may be reopening, despite the opposition of the local community, villagers say. They are already accusing local officials of breaking their promises. Test operations at the plant, in Tigyit village, Pinlaung township, were carried out on […]

YCDC Threaten To Take Action Against Mya Kyun Thar Developers

Yangon City Development Committee (YCDC) has threatened to take action against those companies who do not cease construction and resubmit their proposals on developments at parkland beside the city’s Inya Lake. U Nay Win, deputy department head of engineering (building) at YCDC, told The Myanmar Times yesterday that YCDC had instructed firms working at Mya Kyun […]

Chinese firm to restart Myanmar’s only coal plant

China’s Wuxi Huagaung Electric Power Engineering is upgrading the entire Tigyit plant in southern Shan State near to the famous Inle Lake, which has been out of use for several years. Local authorities held a public meeting in a village near to the site on April 24 to explain the company’s environmental and social impact […]

Officials split over future of commercial projects on prime Yangon parkland

An outspoken Yangon City Development Committee member says he has ordered suspension of a number of construction projects on parkland beside the city’s Inya Lake, while the department responsible for contracting the companies says the projects are still going ahead. The decision in 2013 to allow eight companies to build commercial projects in Mya Kyun […]