YCDC orders 4 companies to halt construction in Myakyuntha Park

The Yangon City Development Committee (YCDC) has instructed four companies to stop their construction in Myakyuntha Park in Yangon, according to a committee member. The notification came after YCDC’s inspection team discovered that the buildings under construction were violating the terms of the companies’ licences. The YCDC team inspected the construction sites in the park […]

Crony companies get 60-year lease of Myakyunthar Park without MIC approval

Yangon—The lease of Myakyunthar Park to eight private companies has been allowed, even without the approval of the Myanmar Investment Commission (MIC), according to a report submitted by the Auditor General of Yangon Region at a special meeting of the regional parliament on November 30. The Yangon City Development Committee (YCDC) leased a land plot […]