Ticketing start-up Bookme expands from Pakistan to Myanmar

Pakistani start-up Bookme, an online booking platform for movies, events, and bus services, announced today that it will be starting operations in Myanmar. The start-up, an alumni of Lahore-based incubator Plan9 and accelerator PlanX, is partnering with local company Lychee Ventures to bring bus and cinema ticketing services to Yangon. Bookme was valued at $4 […]

Novoair starts flight to Yangon

Novoair yesterday started an international flight to Yangon in Myanmar. The airline will run three weekly flights between Dhaka and Yangon on Sundays, Tuesdays and Fridays with Embraer ERJ145 aircraft, the carrier said in a statement. The airline will charge Tk 22,222 for a two-way ticket, according to the statement. Novoair is also offering a […]

Printers call for access to finance

Cash-starved printers are calling for government support in their efforts to expand their business in what could be profitable times. The chief complaint in the printing world is that they cannot borrow money from banks amid increasing competition from foreign businesses. Fujiyama Press spokesperson U Than Myint said his company lacked large presses, but could […]

Foreigners May Soon be Able to Trade Goods in Myanmar

There are plans to allow foreign investors to trade goods inside Myanmar, a sector currently under heavy restrictions, said Dr Maung Aung, permanent secretary of the Ministry of Commerce, but he conceded that the exact time when this will come into effect has not been determined. Foreigners are allowed to sell finished products out of […]

Yangon office rents fall by 20 per cent

Office rents in Yangon have begun to fall for the first time in four years as foreign firms adopt a wait-and-see attitude ahead of the election, according to a research company. New Crossroad Asia (NCRA) quoted Robin Aung Soe Naing, manager of Pronto Services, as saying that in early 2015 office rents fell by 20 […]

Serviced Apartment Market in Yangon 3Q, 2014

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report Research & Forecast Report Yangon | Serviced Apartment Market 3Q 2014 Chronic future undersupply as expats swell As at the end of 3Q 2014, the total supply stock of serviced apartments in Yangon improved by 2% quarter-on-quarter following […]

New industrial zone planned for eastern edge of Yangon

The planned Kyisu Industrial Zone will be built to international standards on a 125-acre zone on the eastern outskirts of Yangon for both local and foreign businesses, the vice president of the Yangon regional government said. A proposal for the project was presented to Vice-president Nyan Htun at the forum on industrial zones held earlier […]

Government grants land concessions for local hotel projects

Myanmar Investment Commission has granted land concessions to two local companies to invest in hotel businesses in Mandalay Region – including the historic Bagan site – in the latest move to encourage local enterprises to invest in the hotel and tourism sector. Win & Win Company was granted concession for 17 acres in Amarapura Township […]