Myanmar Luxury Property Hampered by Confusion Over Law on Foreign Buyers

Confusion over a law allowing foreigners to buy condominiums in Myanmar is prolonging a slowdown in its residential property sector, highlighting the challenges of regulatory flux in the frontier market. The legislation adopted in January 2016 leaves unanswered questions such as whether it applies to existing apartments, hurting efforts to woo investors. The outlook now […]

Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

Taxi-hailing service Grab to launch in Myanmar

Grab, the Southeast Asian rival to Uber, has launched a trial of its taxi-hailing service in Myanmar, its first expansion to a new country since 2014. The Singapore-based startup, valued at more than $3bn last September, announced on Tuesday that it was operating a trial of GrabTaxi in Yangon, working with a small group of […]

How Did Myanmar’s Reforms Change Its Relations With China?

I first visited Myanmar (formerly known as Burma) in February 2013, two months after then-U.S. President Barack Obama’s landmark visit to that country. One thing that has been inscribed in my fond memories of the visit is that many street vendors in Yangon (formerly Rangoon) were hawking T-shirts with Obama’s headshot and a caption above […]

Uber and Grab are bringing Southeast Asia’s taxi on-demand war to Myanmar

Southeast Asia’s ridesharing war is spreading to a new frontier after rivals Grab and Uber revealed plans to expand into Myanmar, the country formerly known as Burma. Singapore-based Grab announced its launch in the country today, its first new market expansion in nearly three years, to take it to seven markets… but its U.S. rival […]

Tackling Asia’s final technology frontier

Honey Mya Win didn’t have to look far to discover the tech potential for Myanmar. A 26-year-old former telecom engineer at Huawei, she was directly involved in configuring mobile phone towers and base station controllers that expanded 3G access to the once reclusive nation. “My team was actually the one connecting the country,” she said. […]

Can Myanmar’s garment industry deliver decent jobs?

Myanmar was ruled by a military junta for 50 years. After such a long period of economic isolation, foreign investment is now booming as economic sanctions have been lifted following Myanmar’s first steps towards democracy. The export-oriented garment industry is benefiting from these new opportunities and is expanding at a rapid rate. Lured by low […]

New Condo Launches in Yangon Ground to a Halt Last Year

​​ Developers failed to launch a single new condo project in Yangon in the second half of 2016, as developers went ‘back to the draw­ing board’ in response to weak sales, the real estate firm Colliers Internation­al has said in an update. It followed a ‘significant’ drop in new sales launch­es in the first half […]

Bid to boost Myanmar shrimp trade begins

“We usually import broodstock from Thailand. But, possibility for the broodstock to suffer some diseases is truly a major risk to our shrimp production. Now we are about to start sustainable shrimp farming with the help of a firm from the United States,” he said. According to Kyaw Tun Myint, Myanmar entrepreneurs in the industry […]

Myanmar’s AGD Bank Seeks Foreign Partners, Has Talked With Uber

Myanmar’s Asia Green Development Bank Ltd. is seeking foreign partners and has held talks with Uber Technologies Inc. as it seeks to harness digital platforms to service the most under-banked country in Asia. The lender’s search for ride-sharing partners included “very preliminary” discussions with Uber’s Myanmar head, AGD Bank’s Managing Director Htoo Htet Tay Za […]