Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

29 industrial zones in Yangon Region to be handed over to YCDC

A total of 29 industrial zones will be placed under the control of Yangon City Development Committee (YCDC), said Yangon Chief Minister Phyo Min Thein. “There are a total of 29 industrial zones in Yangon Region. These industrial zones will have to be handed over to the YCDC. We are trying to upgrade regional facilities,” […]

New vocational institute opens in Yangon

Suu Vocational Institute, which will provide vocational training for people lacking formal education, opened in Hlaing Thayar township on Tuesday. “All the vocational training will follow State Counsellor Daw Aung San Suu Kyi’s instructions. Myanmar needs more vocational education because most people do not get degrees so they need vocational education to live better. The […]

Property buyers eye Dagon land as owners sell for losses

For buyers interested in purchasing land or homes in Dagon, now could be a good time to take closer look at the property market in the area. Land prices in South Dagon have been falling even though property sales have been robust. According to Ma Cho New, a local real estate agent, sales improved after […]

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 […]