Uber Offers Solution to Yangon Traffic

Uber Myanmar re­cently released a report by Roland Berger that advocates for the use of ridesharing in Yangon, detailing the positive impacts its could have on the city’s chronic traffic. Compiled by interview­ing over 4,700 riders and drivers, the report con­cludes that ride-sharing, or the use of private cars for the public good, es­sentially, the […]

Myanmar casts its net for a global terminal operator as port expands

Myanmar’s largest container port is in the process of bringing on a global terminal operator as majority shareholder. One of four inner-city terminals on Yangon River, Myanmar Industrial Port (MIP) handles 400,000 teu a year – about 40% of the country’s container throughput. According to chief financial officer Chris O’Connor, MIP is reviewing bids from […]

Myanmar needs to modernise small farms to rev up sluggish sector

The London-based Oxford Business Group (OBG) said the modernisation of the small farm production “will require investment, policy reform and harmonisation between the government, the private sector and the civil society.” The think-tank also underscored the need to focus more in educating the farmers as well as in research and development. “According to the Ministry […]

Real Estate Market Revives Over New Bago Airport Project

Real estate market has revived in Bago region as a new international airport project was to be signed, according to an official report. The Bago real estate market went cold during 2015 but the prospective signing of an agreement between the government and the airport contractors has caused the price of land in the region […]

Pattko Alleges Foul Play in Economic Zone Tender; Calls for Re-examination

Subscribe to our tender alert mailing list Pattko Global Development Company, which was one of the bidders for the tender of the second central economic zone project in Yangon, has alleged opaqueness in the tender awarding process and called for re-examination. The company said that the country has lost billions because of offering low rental […]

Yangon Land Taxes to be Reassessed

The standardised assessments of land and houses will once again be redefined for the townships in Yangon according to market condition in order to collect taxes, a senior official from the Internal Revenue Department said. U Myo Zaw Win, assistant director of IRD, told Myanmar Business Today, “We cannot identify the standard prices on our […]

Saha cancels Myanmar estate

Saha Group, the country’s leading consumer product conglomerate, has scrapped plans to set up an industrial estate in Myanmar, citing high land prices in the neighbouring country. Chairman Boonsithi Chokwatana said the group decided not to develop its own industrial park on a 1,000-rai plot in Myanmar after studying the project’s potential for a few […]

Villages, Residents Stand in Way of Dawei Rubber Farm

Sixteen villages inhabited largely by indigenous ethnic Karen people in Dawei district, where a major special economic zone in southern Myanmar is planned, will be leveled to make way for a large-scale rubber plantation, according to local residents. The 50,000-acre plantation in southernmost Tenasserim Division will be operated by Myanmar Mahar Dahna Co. Ltd. in […]

Property transactions slowed in 2014

The rate of property transactions likely dropped in 2014 following two years of heady growth, according to experts. While 2012 and 2013 saw an unprecedented boom in buying, concerns the market may be overheating and government moves to curb runaway prices together dampened purchases. Phoenix real estate agent Ko Htun Htun said he reckons purchase […]

MIC to take action against foreign investment registering locally

A crackdown is coming to foreign investment circumventing rules by registering under the names of Myanmar citizens, according to Myanmar Investment Commission (MIC) secretary U Aung Naing Oo. The commission first announced in early 2012 there would be a grace period for foreign investment to re-register properly and promised future action against offenders which did […]