Despite distancing itself from other major Western states imposing sanctions on military-linked individuals and entities, Japan has joined other G7 economies in condemning the coup and the Myanmar security forces’ use of violence against peaceful p
Amata, one of Thailand’s largest real estate developers, has frozen a USD 1 billion Yangon project amid the political turmoil. Construction on the planned 2000-acre site began in December, but Amata marketing chief Viboon Kromadit announced tha
In a statement at the annual meeting of the Union of Myanmar Federation of Chambers of Commerce and Industry, minister of investment and foreign economic relations U Thaung Tun said that three major foreign-backed developments are moving forward desp
Yoma Land, a subsidiary of Yoma Strategic Holdings, will add two high-value projects to its Yangon real estate empire: a commercial expansion of the Thanlyin-based Star City and a new residential site elsewhere in the city. The Star City expansion, c
Japanese retail giant Aeon will invest USD 180 million in what will be Myanmar’s largest shopping mall. The new indoor retail complex will occupy a site of 72,000 square meters, according to the Nikkei Asian Review. Aeon’s Myanmar partner
According to two reports recently released by Colliers International, a real-estate consultancy with office in Yangon, both retail and office markets are suffering from the waves brought about by the Covid-19 outbreak. For the retail market, the repo