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Xi Hopeful on Belt and Road Projects in Myanmar During COVID-19

YANGON—Chinese President Xi Jinping expressed hope that Myanmar will speed up cooperation with China to implement its ambitious infrastructure projects in the country during a recent call with Myanmar President U Win Myint. In the phone conversation on Wednesday, Xi said that he is expecting the two sides will cooperate closely and speed up the […]

YSX, securities firms asked to beef up anti-money laundering compliance

The Yangon Stock Exchange (YSX) and six securities companies were requested by the regulator to beef up their compliance and disclosure in line with its anti-money laundering regulations. The Securities and Exchange Commission (SECM), in a May 18 announcement, identified “insufficient information collection and reporting procedures” for both the bourse and the firms in following […]

Top 10: Tips for expat teachers

Opportunities for foreigners teaching in Myanmar are increasing at a staggering pace. On the streets of Yangon, you can hardly walk a block without finding another private school promising to propel your child to success through improving their English. For an aspiring foreign teacher, this is a great opportunity. Parents are prepared to pay a […]

Taking the temperature of Yangon’s mom-and-pop stores

The streets of Yangon are slowly returning to normal, after weeks of semi-lockdowns, quarantines and closures. Though some restaurants saw an enormous increase in online sales during the restrictions, a large chunk of Myanmar’s population continued shopping as normal at their local shops – for food, beverages and essential supplies. Known as mom-and-pop stores, these […]

‘Nobody wants to stay at home’: Yangon poised to ease COVID-19 eatery restrictions

Authorities are preparing to ease restrictions on teashops, food stalls and restaurants that were quietly being flaunted across the city. By YE MON | FRONTIER Yangon’s restaurants and teashops could soon be allowed to reopen legally as the city slowly emerges from two months of COVID-19-related restrictions, despite Yangon accounting for 80 percent of Myanmar’s […]

Colliers Property Report – Yangon condominium stock Q1 2020

Summary & Recommendations The outbreak that started in Wuhan, China, has now spread to almost 40 other countries, including Myanmar. Its impact on the country, specifically Yangon’s residential market, is unprecedented in terms of the level of uncertainty it has created amongst stakeholders. As it has been a consistent theme over past years, we see […]

Hansae Builds Second Home in Myanmar Amid European Expansion

As Myanmar seeks to bolster its position in the apparel business, the country’s large labor force and trade relationships have been attracting investment from international fashion firms. One of the companies making moves in Myanmar is South Korean clothing manufacturer Hansae. The company is growing its production capabilities in Myanmar with its second facility in […]

Yangon tea shops in hot water

Tea shops in Yangon are meeting points for many different types of people. Aside from locals and travelers, music composers, directors, authors and photographers like to meet in the city’s tea houses. Like the cafes of Paris, the piazzas of Italy and the pubs of England, they are the place where people come together and […]

Colliers Property Report –Yangon serviced apartment supply Q1 2020

Summary & Recommendations As more and more townships in Yangon go into lockdown as a result of COVID-19, the serviced apartment sector is expected to experience a long stall in demand and possible decline in occupancy given recent repatriation of many expatriates. This downward pressure will be further exacerbated by a significant increase in supply […]

Govt extends COVID-19 restrictions, eases some limits

The government extended measures to deal with the coronavirus outbreak until the end of May, according to a letter issued by the Committee on Prevention, Control and Treatment of COVID-19 on May 13. Gatherings of five and more are still prohibited, and preschools will remain closed and international commercial flights will remain suspended until May […]