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Colliers Property Report – Upper Scale Hotel Yangon Q2 2019

  LAYING THE WAGER ON THE GAMBLING LAW: OPPORTUNITIES IN GAMING INDUSTRY   Summary & Recommendations No new completion were observed in Yangon’s upscale hotel segment during Q2 2019. Despite the surge of Chinese visitors, majority of upscale hotels continue to experience lower occupancy rates due to the downward trending number of western arrivals. Although […]

YKKO: From small shop to major brand

From a small neighbourhood shop selling vermicelli and meatball soup about three decades ago, Yan Kin Kyay Oh (YKKO) has grown into a prominent Myanmar brand with 38 outlets across the nation. “We have branches in five cities – Yangon, Mandalay, Nay Pyi Taw, Mawlamyine and Bago. By the end of this year, we expect […]

Dawei SEZ stands better chance with Japanese participation, officials say

The governments of Myanmar, Japan and Thailand will be meeting over the troubled Dawei special economic zone (SEZ) project that has stalled since 2013 for lack of funding. Ministers will form a Joint Cooperation Committee to discuss how Japan can be more involved in developing the SEZ. Located 20 kilometres north of Dawei, capital of […]

Special economic zones pull in over $208 mln in investment

More than 110 enterprises, including four domestic businesses, invested US$208 billion in the Special Economic Zones (SEZs), under the Special Economic Zone Law, as of 10 July in the current fiscal year, according to figures released by the Directorate of Investment and Company Administration. Singapore topped the list of foreign investors, accounting for more than […]

Authorities approve Htantabin, Hlegu projects

Members of Parliament (MPs) for the regional Hluttaw of Yangon has finally given the green light for the Htantabin and Hlegu industrial park projects to the north of Yangon city. The MPs approved both projects after Minister of Karen National Affairs Naw Pang Thinzar Myo, who is also the chair of the Yangon Region Investment […]

‘US keen to invest, strengthen ties with Myanmar, but faster reform needed’

The lack of infrastructure, clearer rules on business and domestic politics continue to be issues weighing on investor sentiment towards Myanmar. US Ambassador to Myanmar Scot Marciel, who spoke at the American Chamber of Commerce Myanmar’s “Improving Ease of Doing Business Forum” yesterday, acknowledged that while the government has been implementing reforms and building infrastructure, […]

Feasibility study needed for Sal Eain Tan beach, says minister

A feasibility study will be made before any investment into the tourism infrastructure of Sal Eain Tan beach two hours south of Yangon. The beach, in Kungyankon Township, and located near the now dilapidated Letkokkon beach resort built by the military government in the 1990s, has become a popular weekend getaway for Yangonites in recent […]

Kokko Chinatown project sparks concerns in Tak

Border towns are often labelled as remote villages without modern infrastructure or amenities. However, recent economic policies such as the development of special economic zones and foreign investment have led to the urbanisation of these rural areas. A clear example of this can be seen in Mae Sot district in Tak province, located opposite to […]

Daung Capital, doing well by doing good: Startup Stories

Myanmar has been grappling with poverty for decades. The country was classified as a “least developed country” by the United Nations in 1987 and remains so now. In 2015, the World Bank estimated Myanmar’s poverty rate to be 32%. While there has been some economic progress, particularly seen in the oft-shifting skyline of Yangon, approximately […]

WB warns Myanmar of urbanisation challenges

With more people moving to Yangon and other key destinations for better opportunities, the World Bank has warned of the challenges related to urbanisation in Myanmar at the launch of its latest report this week. Judy Baker, lead economist for social, urban, rural and resilient global practice at the World Bank, said Myanmar must urgently […]