The aviation sector takes off

Myanmar’s civil aviation sector is on the brink of explosive growth with the number of seats and carriers rising and infrastructure being upgraded. Myanmar is the most under-served aviation market in Southeast Asia. The numbers speak for themselves. Only Brunei and Laos have fewer airline seats per capita. Myanmar has a population of 52 million, […]

Burma to Allow Foreign Banks to Begin Some Operations Next Year

Ground clearance and basic infrastructure preparation work has begun on an industrial estate inside the Thilawa Special Economic Zone, said the Japanese Kyodo News agency. A ceremony marking the start was attended by Japan’s Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation plus nine Burmese business partners and Naypyidaw government representatives, said Kyodo. Mitsubishi, Marubeni and […]

Skyrocketing real estate prices deter new foreign investment in Myanmar

Skyrocketing real estate prices could deter new foreign investment that enters Myanmar, officials and economic experts warned on Saturday. The construction project of the Yangon-Dala River crossing bridge will be suspended during the current government’s term as commercial real estate booms in urban Yangon, Dala township, President Office Minister U Soe Thein told a press […]

Sky-high real estate prices hinder foreign investments – MIC

Myanmar’s sky-high real estate prices may dissuade new foreign investors, according to sources from Myanmar Investment Commission (MIC). “Currently the real estate prices are very high in the country. It may be a hindrance for foreign investments coming to the country. We have said often that the real estate prices in Yangon are higher than […]