This short article tells the tale of housing bubbles that I feel are growing to unsupportable levels here in Myanmar. Since I am writing this in November 2012, it can be interesting to compare with this article from January 2012 where office space in Sakura Tower rented for 50 USD per square meter per month, …
Monthly Archives: November 2012
Nostalgy
On November 15th, 2012, a few days before Barack Obama’s historical visit in Myanmar, bank card withdrawals became possible in Myanmar. In a country where every transaction have always been done with cash (except a few checks for the wealthy), where banker is a physical job (imagine 50kg rice bags full of banknotes), where ATMs …
Visit to Children’s Hospital
Today, I visited with my wife the Yankin Pediatric Hospital in Yangon, not far from the Inya Lake. The hospital, initially a building from Ministry of Mining, has been reopened in March 2011 after undergoing extensive renovation funded by Zaw Zaw, owner of the Max Myanmar Group of Companies. We did not see many patients …