Category: Highlights

Despite high occupancy, Yangon retail rents slump

A recently released report by property specialist SPS highlights both a high occupancy rate for retail spaces in Yangon as well as a continuing downward trend for rents. With 100% occupancy rate at Junction City and Myanmar Plaza, 80% at Kantharyar C

Read More

Vietnamese businesses eyeing Myanmar market

Myanmar should be considered as a very promising market for Vietnam-made products said Phạm Thiết Hòa, director of the Investment and Trade Promotion Centre of HCM City in a conference promoting Vietnamese exports earlier this week. Bilateral tr

Read More

ADB to help build all-weather rural roads in Myanmar

On November 12th, the Asian Development Bank (ADB) announced that it had approved a financing package of over USD 50 million (loan + grant) to help upgrade 152 kilometers of roads in 4 rural townships of Ayeyawady and Magway Regions. Featuring raised

Read More

Tourists’ visits up 41%

The Ministry of Hotels and Tourism recently released data showing that from January to September this year, more than 1.3 million foreign tourists entered Myanmar through its international airports. This represents 390,000 more visitors or a 41 perce

Read More

YSH to increase stake in Digital Money Myanmar (Wave Money)

Singapore Stock Exchange-listed Yoma Strategic Holdings (YSH) has agreed to buy an additional 10% in Digital Money Myanmar (Wave Money) from Yangon-listed First Myanmar Investment (FMI) for USD 6 million. Wave Money is the largest mobile payment serv

Read More

Myanmar and Japan sign new grant agreement

The Ministry of Agriculture, Livestock and Irrigation and Japan International Cooperation Agency (JICA) signed a USD 4 million grant agreement for provisions of agriculture and construction equipment in the rural areas in Myanmar, according to JICA M

Read More