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MoTC, Moon Engineering Joint Venture Co., Ltd sign contract for developing vehicle registration by RFID System

Road Transport Administration Department of Ministry of Transport and Communications and Moon Engineering Joint Venture Co., Ltd yesterday signed a consulting services contract for developing vehicle registration by Radio Frequency Identification-RFID System at the ministry in Nay Pyi Taw. Present at the meeting were Deputy Minister U Kyaw Myo and officials from the Ministry of […]

Colliers Property Report : Yangon Retail 3Q2018

SUMMARY & RECOMMENDATIONS As at the end of Q3 2018, citywide occupancy level remains at a healthy state, however a slight decline was observed following the recent flight to quality for some tenants. Given the strong development pipeline for 2019, along with the changing demographics such as the increasing young population, Colliers encourages both developers […]

Yangon gov’t makes losses in bus services: Auditor General

Yangon Region government took a loan of Ks-eight billion from Ayeyarwady Bank as it had no sufficient money to buy 1,000 new buses, according to an audit report submitted by Khin Than Hla, Yangon Region Auditor General for 2016-2017 fiscal year, at the session of Yangon region parliament on September 14. On behalf of Yangon […]

Myanmar to export gold to foreign markets

Myanmar will export gold to Shanghai, Dubai and Thailand, said Dr Ye Thu Aung, director of Myanmar Gold Development Public Co., Ltd at a ceremony to open One Stop Services Center (OSSC) at Myanmar Culture Valley in the People’s Squares in Yangon on September 24. The OSSC will provide one stop services for exports and […]

Colliers Property Report: Yangon Hotel Quarterly Review Q2 2018

  Influx of Asian Tourists Spurred Demand Paul Ryan Cuevas Analyst | Research & Advisory As of H1 2018, Yangon witnessed a significant 6% YOY rise in the citywide occupancy rate. Resulting from the improvements in the overall tourist arrival figures coupled with the absence of project completions in Q2 2018, occupancy almost breached the […]

AGD launches 3 types of visa credit card

AGD Bank successfully held its AGD Visa Credit Card Launch at Pullman Yangon Centrepoint on August and three types of AGD Visa Credit Card – Visa Classic Card, Visa Gold Card and Visa Platinum Card – have been introduced to the public. Being recognised as a leading bank using digital technologies in Myanmar, AGD Bank […]

Unable to break protectionist curse, FMI bites the dust

FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]

Myanmar strikes again at Bawdwin base metals play

ASX-listed Myanmar Metals has announced further spectacular silver and base metal drilling results for its world-class Bawdwin polymetallic deposit in central Myanmar. Results include 23 metres grading 17.3% lead, 9.5% zinc, 1.2% copper and 398g/t silver from 170m down-hole and 31m @ 7.5% lead, 1.9% zinc and 88g/t silver from 62m down-hole. The intercepts are […]

Collier Property Report – UPPER-SCALE HOTEL Q4 2017

New Supply to Bolster Pressure in the Market Yangon’s upper-scale hotel segment has trailed a bumpy road as of Q4 2017. Occupancy levels continue to weaken despite further reductions in the average daily rates. To gain leverage over the already stiff competition, Colliers advises hotels to continually differentiate and shape their offerings in line with […]

Myanma railways, Announcement of Preferred Bidder for Yangon Central Railways Station Area Comprehensive Development Project,

1. Myanma Railways, Ministry of Transport and Communications has requested submission of Expression of Interest – EOI from (6.8.2015) to (6.1.2016) and subsequently Request for Proposal – RFP from (6.3.2016) to (18.9.2016), from reputable local, international and joint venture developers to undertake Planning/Design, Build, Finance, Operate including improvement and Transfer (DBFOT) for Yangon Central Railways […]