Sports and Economics


Today, many athletes have many audiences and they are the popular people. We cannot say for sure that every children know US President or not but many children know Christiano Ronaldo (CR7) and Messi. In 21 Century, sports are in one of Economics sector of Country and every country wish their athletes to be successful many kinds of sports type. So, many athletes became representative of the state and they dignify the countries if they will take success at their kinds of sports.

The host country can make to obtain the profit from sports events such as FIFA World Cup, Olympics and EURO Cup. The host country incomes increase during to celebrate these sports events. So, sports are the indirect economics.

The famous sports such as Football, Golf, Tennis, Boxing and Basketball can make to obtain many incomes from TV Channel, Advertisement. And then the international athletes have to pay income tax to the relevant country if they will earn money as professional players to any countries. Example, the England government takes 50% of income tax from any football players as well as the Spain government takes 30% of income tax from any football players. Moreover, the host country of Olympics or FIFA World Cup or EURO Cup can obtain many profits during to celebrate these events from Hotel, Tourism & Travel business because many audients come from many different countries.

Summing up, Sports and Economics are relevant indirect economics at every country. 

Potential Yangon Property Market & Situation

In Yangon, Condominium market will develop by quickly but Foreigners cannot purchase the estate, house and land until now. However, Government has a plan to change some of property law in Myanmar because Myanmar is developing country and many foreigners come to work in Myanmar. In future year, Myanmar government will allow in property law that the foreigners can buy the Condominium.

Yanking Township will develop as region development Township in Yangon because all of Condominium scattered lies in Yankin Township. And then the famous project of Golden City will finish on end of 2017 and another famous project of HAGL will finish on end of December 2018.

And then the market of Mini Condominium, Housing & apartment will be good market and the market of lease, sell & buy sectorare improve by quickly in coming years.

The good location (House, Condominium & Apartment) can obtain good price to rent the office. Moreover, All of landlord in good location will lease their property by competitive system.

In future years of Myanmar, in Myanmar Property and Real Estate sector, many landlords will use the installment selling and payment system such as U.S and other developed countries by long term year payment (30 or 40 or 50 years payment). So,In coming years of Myanmar, the really resident people will increase in Property & Real Estate sector and manipulation people will disappear by slowly in Real Estate sector.

Another potential landmark is Myanmar Thilawa SEZ. Thilawa SEZ is famous in International Manufacturing sector. And then Special Economic Zone B will start to operate the business on end of 2016.

Summing up, the potential market and situation of Yangon property will be increasing in coming years and all of investors can obtain many opportunities in Yangon Property and Real Estate Sector but demand and supply of Yangon property market is stable until now.

Myanmar Banking

Myanmar Banking sector didn’t develop in decade from 2001 to 2011 and banking rate is bottom of South East Asian countries as per review of Head of Project from Germany Development Corporation (GIZ) at 2014. Although deposit money and loans money are increasing by regularly start from year of 2006 – 2007, the banking operation system is in base level until now in Myanmar Banking sector.
In Myanmar, we can see the banking system as the four kinds of form such as Government Banks, Joint Venture with Government Banks, Private Banks and Foreign Banks. The total values of Government Banks, Semi – Government Banks and Private Banks are equal 50% of country GDP as per review of GIZ at 2014.
Although the Government Banks and Joint Venture with Government Banks are trying to develop as development of Private Banks, the market shares of Government Banks and Semi - Government Banks are decreasing in Myanmar Banking Sector.
Now many Foreign Banks come to extend their network in Myanmar such as Bangkok Bank, Mizuho Corporate Bank, May Bank, OCBC Bank, the Bank of Tokyo Mitsubishi Bank and UOB Bank.
Now In Myanmar, all of Myanmar Banks are starting to operate their Banking services with IT system and some of Private Banks starts to use the mobile banking to extend their Banking Business. The Myanmar Banking Sector is delaying to develop the banking sector because many citizens can’t use IT banking system at everywhere in Myanmar but all of Myanmar Banks are trying to develop the Myanmar Banking Sector.
However, Myanmar Banks have the strong points that the many experience in Myanmar Banking Sector with many years and Myanmar Banks know what the essential of Banking Sector in Myanmar.