Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

Myanmar Industrial zone operations expected to double in 2017

Businesses in industrial zones are expected to double in number next year because many businessmen are eyeing the sector for investment, said U Aye Thaung, the chairperson of Shwe Lin Pan Industrial Zone. The industrial business plays a vital role in the country’s economy, which is expected to be bolstered by a flood of foreign […]

Industrial zones deal with electricity challenges

The industrial zones which are currently operational are faced with an insufficiency of electricity, even though there are new industrial zone projects being opened across the nation, said entrepreneurs who have invested in the industrial zones. Although efforts are being made to launch the new industrial zones, the old industrial zones need to be improved, […]

Talks held over 300MW solar power facility for Ayeyawady Region

REPRESENTATIVES of the Ayeyawady Region government and the Thailand-based Won Toll Co have held talks over the establishment of a US$100 million solar power facility, which would have the capacity to provide 300 megawatts of electricity per year. During the talks, which were held on 20 May, it was planned that a solar power project […]

Yangon squatter numbers booming

The number of squatter households has increased fivefold in the 19 townships of Yangon city, says researcher Zin Min who carried out extensive research into the slums of the city. He said the number reached almost 44,000 in townships such as South and North Okkalapa, Thingangyun, South, North and East Dagon, Dagon Seikkan, Dawbon, Thaketa, […]

MIC permits five firms

The Myanmar Investment Commission has permitted five businesses, including a hotel project which will be built on the land owned by the army’s Quartermaster-General’s Office, reports say. Three of them were passed with “citizenship investment”, one was a joint venture and the other with foreign investment. The Europe-Asia Beverage Company will produce milk, soymilk and […]

Myanmar’s pricey realty rates to stay until 2018

Sky-high property prices in Myanmar, which in the country’s commercial capital Yangon have reached or partly exceeded the level of New York, Tokyo or Hong Kong, are to stay until at least 2018, dampening hopes that the sector would calm down from its current overheated state. This was the core message of Moe Thida, Assistant […]

Government plans housing for 16,000 factory workers

The government is planning a housing rental project for 16,000 factory workers from Hlaing Tharyar and Shwe Pyi Thar industrial zones, according to Daw Win Maw Tun, deputy minister for labour, in the first such move to support the private sector. The housing will be dormitory-style for single men and women, with the intention to […]

Gov’t to Push to Reclaim Unused Industrial Plots

The government needs to step up inspections to take back vacant plots of industrial land that are not being used for the purpose of business, an official report submitted to the parliament suggested. Recently, the union government announced that they will take back unused plots of land in industrial zones but apparently there has been […]

High Leasing Cost to Keep Deterring Investors: Colliers

Subscribe to our Myanmar Property Mailing List and get notified immediately whenever we have a new report The high rental cost in some industrial zones in Yangon will continually deter interested investors, although the leasing industry will start to perform better this year, according to a report by Colliers International. In Myanmar, quality industrial land […]