Myanmar urged to prioritise long list of reforms

Property rights are not well-established in Myanmar and land confiscation is a major concern among foreign investors, according to a report by US Department of State. In its 2015 Investment Climate report, the government’s limited capacity was highlighted. Myanmar is urged to prioritise its long list of desired reforms, to focus on matters that concern […]

Urban laws stuck in draft stage

The country needs modernised urban planning laws to keep with a rapidly changing real estate market, as legacy laws are unsuited for the purpose, according to experts. Yangon in particular faces numerous challenges that were not anticipated when the current urban planning rules were put in place. A slate of new laws and rules have […]

Securities rules ready for Yangon Stock Exchange

The final version of the rules and regulations for securities exchange are now ready, Deputy Finance Minister Dr Maung Maung Thein told reporters at the Yangon-based state-owned Myanma Insurance office on November 16. The rules have been prepared ahead of the opening of the Yangon Stock Exchange tabled for October 2015. “There are a total […]

Japan and China buy land plots under Myanmar citizens’ ownership

YANGON—Japan and China have been using Myanmar citizen ownership to close recent purchases of high-rent land plots in the Thilawa Special Economic Zone, real estate agency sources say. “Currently, Chinese are buying buildings in the Shwe Pyi Thar industrial zone, doing business with local businessmen as usual. After the government fixed land prices based on […]

Myanmar’s stock exchange facing delays

Myanmar is running behind schedule for starting a stock exchange by 2015 after delays in getting the legal framework in place, said an executive at Japan Exchange Group Inc., which is assisting on the project. “We’re pressed for time,” Koichiro Miyahara, senior executive officer at Japan Exchange, said in an interview in Tokyo on Aug. […]