Rate Corrections Continue Despite Lack of New Supply Headline lease rates corrected further downwards during Q1 2018 despite the lack of new supply. Occupancy rates, however, improved, particularly in developments which underwent significant price reductions previously. As more international standard office buildings become available Colliers expects rental rates to continue to correct albeit at more […]
Police Crackdown on Counterfeit Smartphones
August 31, 2017 by
After successfully conducting the largest counterfeit smartphone bust in Yangon history, Myanmar Police Force are joining forces with Huawei Device Myanmar to eliminate the distribution of fake smartphones. Following an anonymous source, police descended on Yuzana Plaza and Mingalar market on August 3 to root out and arrest fake phone dealers. When the dust settled […]
MPT Installs Fiber Internet Service in Downtown Yangon
August 10, 2017 by
On August 1 Myanmar Post and Telecommunication (MPT) introduced its fiber-to-the-home (FTTH) internet service in Pabedan, a township in downtown Yangon. If there is a sustained demand for FTTH, MPT will extend its services to other townships, such as Latha and Kyauktada, U Thein Hoke, Deputy Chief Commercial Officer, told Myanmar Business Today. “If Yangon […]
Police to crackdown on illegal gaming shops
May 3, 2017 by
At that meeting, U Than Naing Oo, Hluttaw Representative from Pabedan Constituency 1, asked whether there was a plan to classify which type of gambling machines are illegal at the gaming shops in Yangon Region and whether any action will be taken against offenders. “Yangon City Development Committee allows only gaming machines which are imported […]
Yangon MP targets corruption
April 27, 2017 by
Government staff in Yangon Region are involved in the misuse of public finances, according to regional MP Than Naing Oo, representing Pabedan constituency no.1. “Some irregularities in the use of the union budget for 2015-16 fiscal year were found at the Home Affairs Ministry, Fire Service Department, dam and water management department, Ministry of Agriculture, […]
Street vendors not satisfied with YCDC’s arrangement
December 1, 2016 by
Street vendors from Lanmadaw, Pabedan, Latha and Kyauktada do not have enough space to sell their wares on Strand Road, according to street vendors on Monday at a press conference. Yangon City Development Committee (YCDC) took photos of the shops to give a space to the venders to sell on Strand Road, but it was […]
