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Collier Property Report – UPPER-SCALE HOTEL Q4 2017

New Supply to Bolster Pressure in the Market Yangon’s upper-scale hotel segment has trailed a bumpy road as of Q4 2017. Occupancy levels continue to weaken despite further reductions in the average daily rates. To gain leverage over the already stiff competition, Colliers advises hotels to continually differentiate and shape their offerings in line with […]

Foreign insurance companies to be allowed to enter Myanmar

Foreign insurance companies will be allowed to run in Myanmar under the arrangement of the Insurance Supervisory Committee, said Dr Sandar Oo, managing director of Myanma Insurance, during Myanmar Insurance Summit 2018 held at Sule Shangri-La Hotel in Yangon on February 22. “If foreign insurance firms are allowed to operate here, they will bring here […]

ATM makers eye Myanmar market

Global automated teller machine (ATM) makers are locked in a race for market share in Myanmar, where more than 90 percent of the population remains unbanked. US-listed NCR Corporation is one, while Diebold Nixdorf, a recent merger between US-based Diebold and Germany’s Windcor Nixdorf, is another. With less than 2,000 ATMs installed in the country, […]

Upgrading of Yangon Circular Railroad Commence in October

The Secretary of Yangon Region Transportation Authority (YRTA) Dr. Maung Aung has said that upgrading of Yangon circular railroad will commence in October. Speaking at a seminar on sustainable metro systems held at the Sule Shangri La Hotel on July 11, he also said there may be more crowding due to the work and an […]

Joint-Venture Between British and Myanmar Firms Eyes Oil and Gas Sector

​​ A British company has created a joint-venture with a Myanmar firm to enter the marine industry as well as oil and natural gas sector. Representatives from the UK firm, James Fisher and Sons, and the Myanmar firm Royal Marine Technology Co Ltd, signed a memorandum of understanding (MoU) at the Sule Shangri-La Hotel on […]

Affordable Housing Still Unattainable for Many

​​ RANGOON — In an effort to build low cost and affordable housing across Burma, the Myanmar Construction Entrepreneurs Association (MCEA) and Singapore-based consultancy Surbana Jurong signed a memorandum of understanding (MOU) at Sule Shangri-La Hotel on Friday morning. Government-owned Surbana Jurong has played a role in urban development and public housing in Singapore. The […]

Microsoft Launches Office 365 in Myanmar – MPT and Grand Royal Among Commercial Customers

​​ US computing giant Microsoft has of­ficially introduced its latest cloud-based Mi­crosoft Office 365 product to Myanmar. Mr Sy Wann, Microsoft Myanmar’s Country Di­rector, said at a launcg ceremony at the Sule Shangri-La hotel last month that Myanmar’s technology-based indus­tries are fostering multi-sectoral development andstart using cloud-based technology. Microsoft 365 is part of Microsoft’s software […]

Myanmar Trade Show, Exhibition & Conference Calendar for the month of Jan & Feb 2017

Name, Venue & Organizer Date Myanmar Oil and Gas Summit, Sedona Hotel,Yangon, Oliver Kinross Ltd. 26-27 Jan 2017 Myanmar International Franchise & SME Expo, Tatmadaw Exhibition Hall, Yangon, Myanmar, 981 Creative Myanmar Co., Ltd. 19-21 Jan 2017 Myanmar International Education and Career Fair, Tatmadaw Hall, Yangon, Myanmar, Dagon Exhibitions. 20-22 Jan 2017 AAPG, EAGE, MGS […]

Sule Square Project Stalled in Negotiations

RANGOON — The Sule Square project in Burma’s commercial capital of Rangoon is still under negotiation with the city’s municipal body to secure final approval of its construction, the Yangon City Development Committee (YCDC) told The Irrawaddy on Monday, because the developer has yet to fully agree to the committee’s modification demands for the project […]

Sule Square Project Breaches Building Regulations, Says Inspection Committee

RANGOON—The High-Rise Inspection Committee (HIC) of Rangoon’s municipal body said that the Sule Square commercial complex includes two extra floors for which the developers do not have permission to add. Construction of the 23-floor structure is nearly complete. Aung San Win, secretary of the HIC within the Yangon City Development Committee (YCDC), told The Irrawaddy […]