Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]

Joint Ventures, Branch Offices First on Offer to Foreign Lenders: CB Official

YANGON — An easing of restrictions will likely allow foreign banks to enter into joint ventures with local lenders and open branch offices in Myanmara, according to Khin Saw Oo, deputy governor of the Central Bank. Responding to a report from Reuters that Myanmara would allow some foreign banks to start offering limited financial services […]

Skyrocketing real estate prices deter new foreign investment in Myanmar

Skyrocketing real estate prices could deter new foreign investment that enters Myanmar, officials and economic experts warned on Saturday. The construction project of the Yangon-Dala River crossing bridge will be suspended during the current government’s term as commercial real estate booms in urban Yangon, Dala township, President Office Minister U Soe Thein told a press […]