Prospects emerge in the Mandalay property market

Some real estate agents see interesting opportunities for property investors in the Mandalay real estate market in the coming year. “We believe 2021 has good prospects for real estate because more people will move to Mandalay compared to 2020,” said U Tin Maung, chair of the Myanmar Real Property Development Association. In 2020, property sales […]

Myanmar citizens raise investments in the country despite pandemic

Despite COVID-19, Myanmar citizens’ investments across the regions and states for fiscal 2019-20 amounted to over K1.88 trillion, which is around K200 million higher than in the previous fiscal year, said U Thant Sin Lwin, Director General of the Directorate of Investment and Company and Administration (DICA). Approval was given to over 130 Myanmar businesses […]

Investment in Myanmar continue to grow despite COVID-19

Although garment and other factories have been hugely impacted by the COVID-19 pandemic, local and foreign investments are still flowing into the country, according to the Yangon Region Investment Committee. The government approved two investments totalling US$2.65 million in shoemaking and garment manufacturing by China and Singapore at the end of October that are expected […]

Vehicle inspection system blocked by absence of by-laws

DESPITE securing Japanese financial assistance to mechanicalise vehicle inspection protocol of the Road Transportation Administration Department, the Pyithu Hluttaw Transport, Communication and Construction Committee has announced the absence of motor vehicle by-laws is hindering the process. “The current method of vehicle inspection poses great danger as it is conducted in person by department staff. The […]

Myanmar Recruiters Optimistic, Economy Thriving: Survey

Active and vigorous recruitment in Yangon is likely to provide many opportunities to job seekers, according to the MyJobs Employer’s Survey. Employers in Yangon report strong hiring intentions this year, reporting the most aggressive recruitment plans in the last three years. MyJobs, a leading recruitment company since 2012, questioned 84 employers, human resource professionals and […]