fbpx

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]

Sales for The Peninsula Residences Yangon announced

Yoma Strategic Holdings Ltd. along with its partners, First Myanmar Investment Company Limited and The Hong Kong and Shanghai Hotels, Limited (HSH) have jointly announced the launch of sales for The Peninsula Residences Yangon, according to a press release. Located in the historic heart of downtown Yangon , at the point where Sule Pagoda Road […]

Yangon Regional Government, Invitation for Tender for Overall Master Plan and Architectural Design for housing in Kyauktada Township, Submission Date: 19 Jan 2018

Interested Parties for the submission of proposals which are to be selected in a competition format are invited to participate for the renovation/ rehabilitation and ensuring the strength and reusability of the former office building of the Ministry of Hotel and Tourism (Tourist Burma) while maintaining the building’s heritage and history. Overall Master Plan and […]

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 […]