Yangon city disagrees with criticism of park rentals

Yangon city officials dispute the findings of the region’s Accountant General’s Office for fiscal year 2017-2018, which said guidelines had not been followed in collecting rental fees at public parks. The Accountant General’s Office questioned the Yangon City Development Committee (YCDC) about rents at public parks and the use of city money. It said 138 […]

Grab Launches Premium Rentals [Beta] in Yangon

Grab has introduced a new premium, on-demand and flexible service “Premium Rentals [Beta]” that can be booked on-demand through the Grab App, without the hassle of negotiating calls to tour or transportation companies. The new service allows seating for up to seven passengers to ride in spacious Toyota Alphards with safety features and professional chauffeurs, […]

Foreign rentals crucial to property market during rainy months

Renting to foreigners is one of the few pockets of support for the local property market, which is undergoing a multiyear slowdown that began in 2015. Real estate agents noted that given the slowdown in residential property sales in recent years, any support to the market can be noticeable, especially during the rainy months of […]