As Myanmar’s hotel industry rushes to keep pace with rapidly growing demand, it has a fortunate head start: a large number of projects can be resumed after they were started but became dormant or slow-moving during the country’s long years of isolation. Downtown will be home to the forthcoming Hilton Yangon, a 300-room, five-star hotel set to...
While consumers are due to see more affordable access to mobile and internet services as foreign firms enter the market, local telecoms licence holders Myanmar Post and Telecommunication (MPT) and Yatanarpon Teleport (YTP) face strong competition, and must use every advantage to retain a profitable market share.
Myanmar’s recent democratic reforms have driven many countries to re-assess their stance on the Southeast Asian nation, and some have already fully reversed their position. The powers that helped close Myanmar’s doors to international cooperation are now the ones rushing to get in as they re-open. Where there were once strict sanctions, there...
The energy sector is the great, untapped potential on which much of Myanmar’s hopes are pinned. One of the world’s first oil producers, Myanmar is emerging in the 21st century as a key producer of natural gas. With the lifting of international sanctions and the resolution of a maritime border dispute with Bangladesh, the government has moved to...
The year 2014 marks a major milestone in Myanmar’s efforts to position itself internationally and amongst its regional peers, as the country assumes the rotating chair of ASEAN for the first time since it joined the regional economic club 17 years ago. Its chosen slogan, “Moving Forward in Unity to a Peaceful and Prosperous Community,”...
The real estate sector in Myanmar is riding high, and there is strong demand for quality space in Yangon in particular. With office rents in prime buildings rivalling those in Singapore and land prices also soaring, those with land are enjoying a windfall, while newcomers face a high cost of entry. Developers are focused on high-end projects in...
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