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YCDC takes ownership of nearly 500 apartments in Yangon

The Yangon City Development Committee (YCDC) has taken temporary ownership of 496 apartments in Yangon, and leased 238 units to government employees. Now the committee will raise the rental fees by 10 percent starting with the beginning of 2020 Fiscal Year, according to U Maung Maung Soe, Mayor of Yangon. When a legitimate owner of […]

Yoma Strategic in $26.6m share deal with Tokyo Century to grow Myanmar vehicle leasing business

Mainboard-listed Yoma Strategic Holdings said on Monday (April 22) that Japanese leasing company Tokyo Century Corporation will acquire a 20 per cent stake in its subsidiary Yoma Fleet for $26.6 million by way of newly issued shares. Upon satisfaction of certain conditions to complete the subscription of new shares by Tokyo Century, Yoma Strategic will […]

Army confiscates land plots including Mya Yeik Nyo Hotel from Zay Kabar Co.

Army confiscated land plots included in Yangon New World property project in Yangon region from Zay Kabar Company as the company failed to follow the agreements stated in the Memorandum of Agreement (MoA) signed between Quartermaster-General Office and the company, said Moe Min Win, Secretary of Office of Garrison Town Development Committee (Yangon) on October […]

Twelve enterprises recently permitted by MIC

The Myanmar Investment Commission (MIC) permitted 12 enterprises which are in line with investment regulations and laws in the current fiscal year 2017-2018, according to a recent meeting of MIC. A total of 4,343 job opportunities are created from those permitted enterprises. They consist of two Myanmar citizen enterprises, two foreign enterprises and eight joint […]