The World Bank has revised downwards its forecast for Myanmar’s economic growth by 0.5 percentage points to 6.2 percent in the fiscal year 2018-19. The World Bank East Asia and Pacific economic update released this month downgraded Myanmar’s GDP growth projections from the previous forecast, saying seasonal floods, rising cost, inflationary pressures and the Rakhine […]
Collier Property Report – Yangon Office Q4 2017
February 22, 2018 by
Competition Exerts Downward Rental Correction There has been a pronounced correction in headline rents. Given the increase in competition and the entry of better-quality projects, landlords are now willing to lower prices to reasonable levels. In fact, older offices, which previously commanded premium rates, have begun adjusting rents appropriate to their quality and offerings. Meanwhile, […]
Demand for new Yangon office complexes to continue rising
November 29, 2017 by
With more foreign direct investments (FDI) expected to flow into Myanmar due to insurance sector developments, enactment of the Investment Law and anticipated approval of the new Company’s Act, real estate developers have been urged to build more international-standard office complexes to accommodate demand. “There is potential for [office] development. Insurance sector developments and new […]
Myanmar’s FDI on target despite Rakhine situation
September 21, 2017 by
NAYPYITAW — In a bright, well-carpeted conference hall in Naypyitaw — Myanmar’s sprawling capital built by the former military government — more than 1,000 investors and business executives gathered earlier this week for the annual Euromoney Myanmar Global Investment Forum. The opening remarks on Sept. 12 by speakers including government officials and foreign and local […]
Govt Investment Director Confident in Foreign Investment Despite Rakhine Conflict
September 18, 2017 by
YANGON — U Aung Naing Oo, director-general of Directorate of Investment and Company Administration under the Ministry of National Planning and Finance, talked to The Irrawaddy reporter Shwe Lay about foreign investment in Myanmar and the government’s plan to promote it. How much investment has Myanmar had over the past year? Which countries are the […]
MIC expands amid reforms
June 21, 2017 by
The Myanmar Investment Commission (MIC) has been reorganised with three new members, according to a news release by the Directorate of Investment and Company Administration (DICA) on June 14. The MIC is a government-appointed body which is responsible for verifying and approving investment proposals and regularly issues notifications about sector-specific developments. The previous appointments to […]
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