Myanmar property group sees its future in consumer sector

In the heart of Yangon, the commercial capital of Myanmar, the former headquarters of Myanmar Railways is surrounded by white steel frames. The historic redbrick building, more than a century old, is being restored and will be the future site of the Peninsula Yangon, a luxury hotel set to open in 2021. The grand structure […]

Crony companies get 60-year lease of Myakyunthar Park without MIC approval

Yangon—The lease of Myakyunthar Park to eight private companies has been allowed, even without the approval of the Myanmar Investment Commission (MIC), according to a report submitted by the Auditor General of Yangon Region at a special meeting of the regional parliament on November 30. The Yangon City Development Committee (YCDC) leased a land plot […]