Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Local airlines squeezed by expensive petrol and taxation

In Myanmar, there are 10 domestic airlines and 58 planes in total which are serving local and international passengers. Compared with the rest of ASEAN, flights are rather costly, according to local airlines and the Union of Myanmar Travel Association (UMTA). “During rainy season, only three out of 10 airlines can run. The main problem […]

Foreigners prefer stand-alone houses over condos, estate agents say

Foreigners are expressing a preference for renting detached houses rather than condominiums or apartments, as catering to foreign clients becomes a growing market for Myanmar real estate agents. Detached houses are appealing to their foreign clients who are more concerned that the house is well built and well decorated than with how impressive the location […]