Yangon chief minister vows corruption fight

The new chief minister for Yangon region U Phyo Min Thein has promised that his government will clean up corruption over its five-year term. U Phyo Min Thein, a National League for Democracy MP for Hlegu, was nominated yesterday by President-elect U Htin Kyaw and approved by the Yangon Region Hluttaw without objection. Speaking to […]

Developers hope Condo Law brings life back to market

Developers are pinning their hopes on completed Condominium Law this year to jumpstart the quiet property market. Foreigners are currently barred from buying condo units, though a draft of the law has said foreigners would be able to purchase units on the sixth floor or above, up to a maximum of 40 percent of the […]