SUMMARY & RECOMMENDATIONS No new completions were observed in Yangon as of Q4 2018. Few select developments that were anticipated to open during the quarter have seen limited construction developments. In turn, increases on both occupancy and ADR levels transpired. Nonetheless, hotel investments in Yangon continue to surge as supported by the new government policies […]
Mall operator, Thai healthcare group launch Yangon hospital on high demand
July 26, 2018 by
Myanmar mall operator Ga Mone Pwint Co has teamed up with Thailand’s Thonburi Healthcare Group to start a new facility, Ar Yu International Hospital, in Yangon, where demand for high quality standards of healthcare is rising fast. The new US$70 million hospital, which will open in mid August, is the first such project in Yangon […]
As industry opens up, Capstone Education finds niche in Myanmar market
May 3, 2018 by
Ko Thaw Zin Aung Gyi and Ko Aung Tun Lin, the founding partners of Capstone Education, a local education consultancy, saw the need to invest in Myanmar education long before authorities finally permitted full foreign capital investments in the industry on April 20. Locally schooled but having qualified to study abroad at Ivy League universities, […]
Myanmar permits full foreign capital investments in education sector
April 27, 2018 by
The Myanmar Investment Commission (MIC) has permitted foreigners to make full capital investments in private schools in Myanmar, according to Notification 7/2018 issued by the MIC on April 20. This means foreigners will now be able to fully own and operate private schools teaching a curriculum prescribed by the Ministry of Education (MOE) or an […]
Myanmar insurance industry poised for reform, awaits liberalisation
April 19, 2018 by
Insurance providers in Myanmar can expect a more competitive and promising landscape on which to do business in the near future. With market liberalisation, which will enable firms to offer a wider variety of insurance products, on the government’s agenda, local and foreign providers alike have already started training staff and building management and IT […]
Myanmar woos Asian tourists amid Rakkhine crisis
February 2, 2018 by
YANGON — These are anxious times for Myanmar’s tourism industry, as the country’s international reputation takes a battering. But shares in Myanmar tycoon Serge Pun’s Memories Group — which includes hotel construction and travel management services — have defied the uncertainty. The company’s shares have risen 12.3% since their January 5 debut to 0.32 Singapore […]
Myanmar Youth Need Digital Training for Tomorrow’s Job Market – Microsoft Boss
April 13, 2017 by
Myanmar must train a new digitally literate generation to keep pace with its rapidly expanding IT sector, a senior manager at Microsoft has said. Michelle Simmons, the software giant’s general manager for new markets in Southeast Asia, said it was a “key priority” for Myanmar to train professionals to enable the country’s “digital transformation.” Speaking […]
Myanmar Construction Sector ‘a Natural Market for Singapore’ – Surbana Jurong CEO
April 13, 2017 by
The construction and engineering sectors in Myanmar “can progress at a much faster rate” than its regional neighbours like Vietnam because it has British building standards and codes, the head of a major urban development consultancy has said. Wong Heang Fine, group CEO at Singapore-based Surbana Jurong, said a shared legacy of British rule means, […]
