Prospects emerge in the Mandalay property market

Some real estate agents see interesting opportunities for property investors in the Mandalay real estate market in the coming year. “We believe 2021 has good prospects for real estate because more people will move to Mandalay compared to 2020,” said U Tin Maung, chair of the Myanmar Real Property Development Association. In 2020, property sales […]

Myanmar’s growth prospects shrink on resurgence of COVID-19

Two men walk at the Ayeyarwady COVID-19 treatment centre built inside Thuwanna Stadium in Yangon. Photo: Aung Htay Hlaing/The Myanmar Times Myanmar’s growth prospects shrink on resurgence of COVID-19 Stringent containment measures, an uncertain export outlook and strengthening of the local currency against the US dollar could delay Myanmar’s economic recovery into 2021 following a […]

Mandalay property market hits COVID-19 doldrums, but prospects intact

Mandalay’s real estate sector had been growing steadily before the COVID-19 pandemic struck but land prices may now start falling, opening up a rare opportunity for buyers to take a serious look at the market, according to a major developer in Myanmar’s second largest city. U Kyaw Kyaw Win, head of New Star Light Group, […]

Nissan CEO Carlos Ghosn on Myanmar

Nissan is preparing plans to begin the assembly of vehicles in Myanmar. It’s been a politically troubled place with a small car market and plenty of used vehicles. However, recent political progress has ignited automotive market interest. Nissan CEO Carlos Ghosn believes it has good growth potential and could grow to 300,000 new cars a […]