After a boom which lasted more than a decade, the property market finally corrected in 2014 as a slew of new housing options came onstream. Since then, development of areas further away from the city center and better road networks connecting people to these new townships have kept prices relatively stable and affordable in Yangon, […]
Read MoreWee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with it. […]
Read MoreYangon Chief Minister U Phyo Min Thein has urged edible oil merchants and businessmen to invest in the local cooking oil sector. As domestic production is not sufficient for consumption, Myanmar is forced to import cooking oil. As such, U Phyo Min Thein said boosting domestic production of edible oil is needed to reduce reliance […]
Read MoreStart-ups facing difficulties obtaining access to capital have been able to use their vehicles as collaterals under a scheme initiated by Best Merchant Finance (BMF), a financial assistance firm offering small loan services in Yangon. Since the scheme was introduced at the start of this year, BMF has amassed a total of 500 customers and […]
Read MoreCambodia and Myanmar have signed a memorandum of understanding to promote the flow of national and third-country tourists to the temples of Angkor in Siem Reap and to the ancient city of Bagan in Myanmar. The agreement was penned on Saturday by Tourism Minister Thong Khon and Onh Maung, Myanmar’s Minister of Hotel and Tourism, […]
Read MoreLocal petrol prices have spiked between K35 and K40 per liter in the past two months, boosted by a rise in global crude oil prices. On November 15, local petrol prices reached a high of K815 per liter of 95Ron and K775 per liter of 92Ron. Meanwhile, prices hit K785 per liter of 10ppm diesel […]
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