Condo defaults forecast as the cash runs out

Off plan sales of condominium units in Yangon have slowed this year, following a three year boom. As a result, some developers are likely to be left without enough money to continue to build and will be forced to default on their projects, which could further hurt market confidence, say experts. “Of over a hundred […]

Big leap in Communication

Myanmar’s telecommunications sector is poised for sharp growth with the entry into the market of two foreign operators and the government’s Myanma Post and Telecommunications planning a US$2 billion upgrade with a Japanese partner. Qatari-owned Ooredoo launched its commercial network on August 15, focusing on delivering 3G technology to provide faster internet and higher quality […]