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Myanmar invites foreign investment with business-friendly reforms

As Seoul fleshes out its New Southern Policy to strengthen ties with Southeast Asian nations and other countries, Myanmar presents fresh opportunities with its business-friendly policies, according to the country’s top envoy to South Korea. During the Burmese National Day reception on Jan. 7 in Seoul, Myanmar’s Ambassador Thura Thet Oo Maung said the Korean […]

Yangon builds bridges to its future as megacity

YANGON/SEOUL/HANOI — As Yangon pushes out in all directions on its way to becoming Myanmar’s first megacity, East Asian countries are snapping up the opportunity to build bridges, industrial parks and other infrastructure in its long-neglected surroundings. “Myanmar is developing its infrastructure with the help of our neighbors. One example with South Korea is the […]

Dala property prices soar due to bridge project

After the government had approved the construction of Myanmar-Korea Friendship Bridge connecting to Dala Township, property prices have risen in a blur as rumors of small-scale industries as well as housing projects in Dala runs rampant. According to property agents and Dala locals, land prices hiked up as much as tenfold. Over a month ago, […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

Property prices skyrocket due to speculation and laundering

The most widely heard analysis is that Myanmar’s real estate and property market has been gradually rising based on two genuine factors. One is the growing demand for housing due to ever increasing population in urban areas and the other is the government’s urban expansion and development of low-cost housing projects. This generally ignores another […]