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 Myanmar Property Mailing List and get notified immediately whenever we have a new report 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 […]

Myanmar Army Chief Senior General Min Aung Hlaing on presidential ambitions & military role

NAY PYI TAW: Myanmar’s military chief has defended the role of the military in helping the country’s transition to democracy. The army currently represents 25 per cent of members in parliament, and there have been calls to reduce its role. Senior General Min Aung Hlaing told Channel NewsAsia in an interview that he is aware […]

Myanmar not ready for reduced military role in Parliament: Army chief

YANGON: Myanmar’s military chief feels his country is not ready for a reduced military role in Parliament. In an exclusive interview with Channel NewsAsia, Commander-in-Chief Min Aung Hlaing said the military needs to be in Parliament because the country is still a young democracy. The current Constitution mandates a 25 percent military representation in Parliament. […]

Myanmar President Thein Sein’s brother hopes he won’t run in next election

NGAPUTAW, Myanmar — Myanmar President Thein Sein’s elder brother confided in an interview with the Mainichi Shimbun that he hopes the president won’t stand in the next election out of concern for his health. Tun Myint, the 75-year-old brother of President Thein Sein, also said during the interview at his home in Ngaputaw in western […]