Myanmar State Counselor Daw Aung San Suu Kyi’s brother has filed a special appeal to the Union Supreme Court asking it to review a Yangon court’s decision in his legal dispute with her over an inheritance. Yangon’s Western District Court ruled in 2016 that the home on Yangon’s University Avenue in which Daw Aung San […]
Dilemma on minimum wages could lead to better productivity
November 9, 2017 by
Concern is rising among employers over demands that the minimum wage be raised to K4,800- K6,600 ($4-$5.20) per day from K3,600 per day currently. That’s a potential increase in wages of more than 80 percent, a move which, if implemented, could put many companies out of business. The Confederation of Trade Unions in Myanmar (CTUM), […]
More Economic Zones Needed to Boost Manufacturing: MIDA
June 13, 2017 by
Businesses and economists suggested that economic growth would depend on a growing manfacutring sector, liberalisation and revising the governing framework of different sectors. Deputy minister for the Ministry of Commerce, U Aung Htoo, said that the ministry would boost export and simplify procedures for trade and exports. The comments were made to follow up the […]
ICB Bank to Double the Size of its ATM Network in 2017
January 20, 2017 by
RANGOON — The locally-owned Co-Operative Bank Limited (CB Bank) plans to double its network of ATM machines in 2017, it announced on Friday. CB Bank will purchase both ATM machines and customer self-service machines from the company Diebold Nixdorf, which operates in North Canton, Ohio, United States and in Paderborn, Germany. Diebold Nixdorf has […]
Yangon realtors call for wide-reaching reforms
March 29, 2016 by
Yangon real estate agents are hoping the incoming government can breathe new life into the real estate sector, where sales have slowed over the past couple of years to a near-standstill, condominium units lie empty and a growing number of people areunable to afford basic accommodation. Growth in the sector – and the ultimate goal of providing affordable […]
Speculation squeezes potential gains from Dala property
March 4, 2016 by
The launch of new infrastructure projects often sees property prices surge in the surrounding area. But prices in Dala township, where a bridge will be built to connect the area to Yangon, were pushed so high in the past by speculation that the market has remain unchanged. The Korean-funded project was launched in Dala […]
Few ‘condos’ qualify under new law, say experts
February 5, 2016 by
The new condominium law – which will grant international buyers access to Myanmar’s real estate market for the first time – has been widely welcomed, but experts say just a handful of properties are initially likely to be eligible. After years of debate between the two houses of parliament, the law was passed on January […]
Myanmar fishermen protest Thai hires
October 21, 2015 by
The hiring of Thai helmsmen on Myanmar fishing boats has been criticised by the local fishing industry. Two Myanmar companies last year hired Thai captains on the grounds that they were familiar with the use of sonar to find fish. The issue has long been contentious. Faced with opposition by local fishermen, the Ministry of […]
