To Court or Clamp Down? The NLD and Burma’s Cronies

RANGOON — With the National League for Democracy (NLD) set to take power on April 1, political and economic observers will be closely watching for change, including whether the rampant cronyism that dogged the country for decades under successive military-backed administrations, will continue unchecked. While it is no secret that Burma’s top brass has long […]

Buyers Remain Cautious as Condominium Law Approved By Parliament

Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase. Three years in the making, the law is expected to breathe new life into a stagnating real estate market, though industry professionals predict foreign investors still await more reform. Under […]

Parliament to Revisit Investment Laws in Final Session

Burma’s outgoing Parliament convened this week for its final session before surrendering their seats to newly elected lawmakers, aiming to make strides on investment reform. Lower House parliamentarian Khine Maung Yi told The Irrawaddy on Tuesday that this week’s agenda is set to include discussion of two new investment bills, meant to streamline and update […]