Colliers Property Report: Yangon Upper-Scale Hotel Q2 2017

Creative Solutions Needed In a Challenging Market Landscape The sizeable rise in new supply is now taking a toll on Yangon’s upper-scale hotel market. Despite previous attempts to reduce ADRs, occupancy levels continue to trend downward. Colliers recommends developers to rethink with creative strategies and focus instead on enhancing the overall experiential value. Forecast at […]

MPT Installs Fiber Internet Service in Downtown Yangon

On August 1 My­anmar Post and Telecommunica­tion (MPT) introduced its fiber-to-the-home (FTTH) internet service in Pabedan, a township in downtown Yangon. If there is a sustained de­mand for FTTH, MPT will extend its services to other townships, such as Latha and Kyauktada, U Thein Hoke, Deputy Chief Com­mercial Officer, told Myan­mar Business Today. “If Yangon […]

Hundreds of Yangon trishaw drivers fined

Almost 500 trishaw drivers have been arrested and fined over the past six months, as authorities claim Yangon’s increasingly congested streets offer less and less room for alternative forms of transport. Drivers have handed over more than K5.7 million in fines since April 1 for a range of misdemeanors including riding in certain townships outside […]

MAPCO to take a year for listing

Myanmar Agribusiness Public Corporation will not immediately float on the Yangon Stock Exchange when it launches, which is slated for later this year, according to company director U Ye Min Aung. The firm has already signalled its intention to eventually list, and U Ye Min Aung said after the listing criteria emerges the companies wishing […]

Women find a controversial niche on Yangon bus system

A bus owner who launched a revolutionary new concept to make customers happier and increase profits – hire only women as conductors – is contemplating breaking another barrier: training women to drive the buses as well. But even bringing on women conductors has proven controversial, with some questioning whether they would survive in the rough-and-tumble […]

Traders Hotel Yangon rebranded as Sule Shangri-La

Shangri-La Hotels and Resorts today announced Traders Hotel, Yangon in Myanmar has rebranded to operate as Sule Shangri-La, Yangon following an extensive renovation that took two-and-a-half years to complete. The 484-room hotel, which is positioned on Sule Pagoda Road near the landmark namesake pagoda that is over 2,000 years old, has been a major fixture […]