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Collier Property Report – Yangon Office Q4 2017

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, […]

Uber Appoints Woman as First GM of Myanmar

Uber has appointed Daw Ei Phyu Lwin, effective Monday, July 3, as General Manager of its local operations, marking another major milestone in Myanmar. The appointment comes nearly two months after it launched in May and reaffirms its commitment to create better earning opportunities for driver partners and safer, more convenient mobility for riders. As […]

KBZ Bank ‘Open to Foreign Investors’

​​ RANGOON — KBZ Bank is willing to sell a stake in its operations to a foreign investor if the law permits, according to a report. Existing laws do not permit foreign investors to hold stakes in local banks in Burma, but changes are being considered this year to the Companies Act that could allow […]