Lack of foreign investors could dampen Myanmar property market, but local demand intact

Foreign investments in the Myanmar real estate sector are expected to decline in 2021 as a result of COVID-19, but some developers reckon there are opportunities to tap demand from local buyers. “It has been difficult for foreign investors to return to Myanmar in 2020 so there is a possibility that investments in the property […]

Local, foreign investments create over 140,000 jobs in 2019-2020FY H1

Local and foreign investments created over 140,000 job opportunities in six months of 2019-2020 fiscal year (FY), according to the Directorate of Investment and Company Administration (DICA). The foreign investment projects approved by the Myanmar Investment Commission (MIC) have created over 130,000 job opportunities for Myanmar citizens in six months of this FY, including the […]

Local egg prices drop due to logistical issues

Transportation difficulties have caused the price for a viss (about 1.63 kilogrammes) of chicken eggs to drop by about half, says an industry official. U Kyaw Htin, chair of the Myanmar Livestock Federation said last Saturday that egg prices dropped to K1400 per viss from about K2600 last week, before rebounding to about K2100. “Demand […]

Myanmar investment inflows double from China as deals surge

YANGON — Foreign investment shows signs of recovering in Myanmar, one of Southeast Asia’s frontier markets, led by more than twofold gains in inflows from China and Singapore. Approved foreign investments rose 79% on the year for the six months ended in June, reaching $2.35 billion, according to Myanmar’s Directorate of Investment and Company Administration. […]

Mandalay to build textile industry park

A textile industry park will be established in Mandalay city, U Zaw Myint Maung, chief minister of Mandalay Region, said on Tuesday. He said the government will work with the Japan International Cooperation Agency (JICA) to set up the industrial hub. “Some businesspeople have proposed to establish a textile industry park that can employ about […]

Rental transactions rise in Yangon, even as larger market stays muted

The market for rental property, which is the lifeblood of the real estate sector in Yangon, rebounded during first quarter of this year, with more units getting rented out rather than sold. However, the overall environment of the property market remains muted, industry analysts and leaders said. Late in April, the rental of apartments in […]

Japanese companies, DKSH enter Myanmar wholesale market

Three Japanese companies and a Swiss trading house have become the first foreign entities authorised to do retail and/ or wholesale business in Myanmar. Toyota Group’s trading arm Toyota Tsusho, pharmaceutical firm Otsuka and diaper manufacturer Mycare Unicharm are authorised to operate wholesale business as a 100% foreign-owned business, according to an announcement from the […]

Foreign insurance firms may start operations by April 2019: regulator

Qualified foreign insurance providers will receive licenses to operate in Myanmar by April next year. “I can assure it is happening within the next 16 weeks,” U Thant Sin, Director of the Financial Regulatory Department under the Ministry of Planning and Finance, said during the UK Capital Market and Insurance Conference in Yangon on December […]

Business confidence in Myanmar sinks as scepticism mounts

More European businesses say they have lost confidence in Myanmar due to concerns about the National League for Democracy-led government’s management of the economy compared to the last two years, a new survey shows. According to the latest survey from the European Chamber of Commerce in Myanmar (EuroCham) published yesterday, a majority of firms (81 […]

Corporate Japan urges Myanmar to address business concerns

The most senior Japanese business leader in Myanmar urged the government to recognise how liberalisation, efficient bureaucracy and reliable power supply allowed Thilawa Special Economic Zone (SEZ) to attract considerable investments. He also warned that current restrictions placed on foreign firms in the retail and wholesale sector are already “the maximum” but commended the ministry’s […]