Anticipation is building in many sectors ahead of a workshop in Nay Pyi Taw this weekend, where the government has invited business leaders to discuss the new rules governing investment and how this will mesh with the long-awaited economic policy.
Local property agents are expanding further into Singapore’s condominium market, taking the opportunity presented by a change in visa regulations, contained prices and a friendly regulatory environment.
A Yangon high-rise developer says he is planning to sue Yangon City Development Committee for K50 billion (US$39.9 million) in compensation after YCDC instructed him to reduce the number of floors on a residential project.
The Committee for Quality Control for High-rise Building Projects (CQHP) has finished its inspection of Sule Square commercial complex and sent a formal approval to Yangon City Development Committee yesterday.
Myanmar’s moneylenders have a captive customer base of poor households unable to access traditional bank or microfinance services. But a Yangon-based start-up is working on a system to offer small short-term loans that can compete directly with local loan sharks.