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Yangon gearing up for March 31 municipal election

The Yangon Region Election Commission will announce on Monday the candidates qualified to run for election to the City Development Committee (YCDC) on March 31. Since the new government took power in April 2016, the YCDC has had only five committee members, including the committee chair (mayor) and secretary, appointed by the government. On March […]

In Myanmar, Facebook brings light as well as darkness

It has been more than eight months since Facebook CEO Mark Zuckerberg was grilled by the US Congress over the Cambridge Analytica breach. “I promise I will do better” would be a simple short sentence to sum up Zuckerberg’s stressful two-day congressional testimony. He admitted to US senators that partly because of his mistake it […]

USDP seeking to make comeback in 2020 elections

Leaders of the Union Solidarity and Development Party (USDP), which lost seats in the 2015 general election, say they are overhauling the party to regain their standing in 2020. The USDP was defeated by the National League for Democracy (NLD) led by Daw Aung San Suu Kyi and has been serving as the opposition and […]

Myanmar expects a more vibrant post-election economy

Foreign investors are being wooed to invest more in Myanmar to take advantage of the country’s Asean membership and geographic location, which should enhance its attractiveness after the election in November. “By the end of this year, the Asean Economic Community will be launched. That means our market will be tenfold bigger. We are also […]

Smartphones Bring Happiness And Headaches To Myanmar

The number of mobile subscribers in Myanmar has quickly grown in a short five years from a mere 500,000 to more than 22 million — giving Burmese a crash course in all the benefits and challenges new technology can bring. Myanmar’s low electrification rates, recurring power outages and poor Internet infrastructure mean that this growth […]

Coal power projects to be delayed

All of Myamar’s planned coal-fired power projects are likely to be delayed beyond the general election, which is set to be held on November 8, according to officials. A memorandum of understanding (MoU) for 11 coal-fired power plants was signed between the Ministry of Electric Power (MOEP) and local and international private companies in 2010, […]

Provocative Facebook posts may be banned ahead of Myanmar elections

YANGON: The Myanmar government will join hands with Facebook to remove any posts that may incite violence during the upcoming election campaign period. The country is set to go to the polls on Nov 8. Due to an increase in Facebook and mobile phone users across the country, authorities said they are concerned some netizens […]

Election Has Speculative Land Purchasers Running

Investors are closely watching the 2015 elections, as this uncertainty has led the real estate market to slow down over 50 percent from last year, according to an official from the Myanmar Real Estate Service Association. “The market is cooling down due to the election, but we need to watch things carefully after 2015 also,” […]

Stock market delayed due to election

The launch of the Yangon Stock Exchange has been pushed back until after the November 8 election, according to deputy finance minister Dr Maung Maung Thein. The stock exchange had initially been scheduled to be launched in late October, but the new date is roughly scheduled to be the third or fourth week of November […]

Yangon Condominium Market Report 4Q 2014

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. Research & Forecast Report Yangon | Condominium Market 4Q 2014 Project launches increase despite weakening take-up rate Developers remained confident as project launches continued to soar in 2014, hitting a new record high of 4,150 condominium units, tripling […]