YANGON, Myanmar — Just days after the U.S. eased key sanctions on Myanmar, General Electric Co. became the first American company to invest in the former pariah state, signing deals Saturday to provide medical equipment to a pair of hospitals in the country's biggest city.
Yangon (AFP) - Myanmar's President Thein Sein on Sunday said historic polls won in a thumping landslide by Aung San Suu Kyi's party were the consequence of his government's reforms and vowed a smooth transition of power.
Ever since Myanmar opened up to the world and denounced its military dictatorship, the country has benefited from increased trade with along with an exponential increase in foreign direct investment. This is true for all sectors and property in Yangon, the nation’s largest city, is no exception.
The value of real estate in the former capital city of Myanmar has skyrocketed as demand has outstripped supply by a large margin. As the country opens up, more and more foreign companies are setting up shop which boosted demand for quality office spaces.
Yangon (AFP) - Myanmar's main city is poised to go to the polls on Saturday for the first municipal vote in six decades, but observers warn the process is riddled with flaws and could cast a shadow over crucial 2015 general elections.