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11 Factories in Myanmar Close Due to Lack of Orders, Raw Materials

YANGON – Thirteen factories in Yangon and Bago regions have closed or cut back staff in Myanmar since January due to factors like a lack of raw materials, no orders and no buyers, according to the Ministry of Labor’s factories inspection department. U Nyunt Win, director general of the department, told The Irrawaddy on Wednesday […]

Insein alternative to downtown property market

The residential property market in outlying Yangon townships Insein and Shwe Pyithar is often overlooked but offers more spacious and affordable housing than downtown condos, real estate experts said. Frequently shunned by renters wanting to be closer to the hectic downtown grid, the northern townships of Insein and Shwe Pyithar boast landed property available for […]

Myanmar’s hotel investment falls short

YANGON, 16 December 2013: As Myanmar’s gateway Yangon moves rapidly towards the 1 million annual visitor milestone, investment in the country’s hospitality sector has fallen well short of forecasted growth. To date a disconnect between the expectations of the private sector and the ability of the government to broadly implement free market reforms remains at […]

Prolonging IP law will hurt business, experts say

The government will need to exercise haste in improving outdated intellectual property (IP) laws and developing a framework for enforcing those laws if the country wishes to not drive away possible investors uncertain of losing their products to the black market, experts warn. Current intellectual property law, which dateS back to 1914 with the enactment […]

Speculation-driven land prices stunting Myanmar hospitality sector

Though Yangon is moving rapidly towards the milestone of a million visitors a year, investment in Myanmar’s hospitality sector has fallen well short of forecast growth, mainly because of speculation-driven land prices. According to a report by consultancy C9 Hotelworks, foreign direct investment into hospitality assets remains sidelined in many cases with concerns over the […]

Legal : In-house interview with Ooredoo Asia General Counsel

Helping the country open up to the world is an exciting opportunity, says Singapore-based Scott Weenink, Asia GC for telecoms provider Ooredoo Myanmar has seen tremendous change in a short period of time and one manifestation of this is the growing number of foreign business people and travellers visiting the country. Myanmar’s former capital and […]