All businesses in Mandalay, excluding entertainment, will be allowed to resume operations after May 16, according to the regional government. “We’re planning to check the ongoing COVID-19 cases and have businesses reopen. In the case of restaurants, they will have to continue operating under takeaway and delivery systems,” said U Zarni Aung, acting chief minister […]
Colliers Property Report – Upper Scale Hotel Yangon Q2 2019
LAYING THE WAGER ON THE GAMBLING LAW: OPPORTUNITIES IN GAMING INDUSTRY Summary & Recommendations No new completion were observed in Yangon’s upscale hotel segment during Q2 2019. Despite the surge of Chinese visitors, majority of upscale hotels continue to experience lower occupancy rates due to the downward trending number of western arrivals. Although […]
Belt and Road shields Myanmar from Beijing’s capital crackdown
BEIJING’S recent crackdown on outbound investments does not affect Myanmar because of its involvement in the Belt and Road Initiative (BRI). The sectors targeted by the restriction do not concern investment projects here, which are mostly infrastructure and energy-related. The Chinese government is blacklisting businesses which violate foreign investment rules as part of a broader […]
Confident iflix aims high in Myanmar
Greenlee said in an exclusive interview that Myanmar’s leap in the telecommunications sector would fuel the firm’s growth in the nation. “It is the first time that subscription video on demand [SvoD] service is available in Myanmar. So, we have set a benchmark again. We expect to be highly successful,” she said. “Myanmar is the […]
Officials split over future of commercial projects on prime Yangon parkland
An outspoken Yangon City Development Committee member says he has ordered suspension of a number of construction projects on parkland beside the city’s Inya Lake, while the department responsible for contracting the companies says the projects are still going ahead. The decision in 2013 to allow eight companies to build commercial projects in Mya Kyun […]