Seven firms face fines if ‘Death Highway’ is not repaired on schedule

The seven companies hired to upgrade Myanmar’s notorious “death highway” will be fined if they do not complete their work on schedule, Soe Tint, deputy minister of construction told Parliament yesterday. The deputy minister also admitted he had seen no evidence that any of the companies, which include some of Myanmar’s largest conglomerates, had started […]

Waste-fired Power Plants Face Delay

Delays are expected in construction of two waste-fired power plants in Yangon as import permits from the Myanmar Investment Commission (MIC) for the required machinery have not been forthcoming. Yangon City Development Company (YCDC), Chosun Korea Co and Zeya & Associated Co Ltd signed a deal to produce electricity from waste at Dawei Chaung and […]

Exports face huge hurdles

The problems of a beans and pulses export company last month lay bare the challenges potential exporters must overcome to gain significant international market share. Merchants in Yangon’s Bayinnaung bean market were accused of selling large amounts of beans and pulses to Indian buyers without actually having the product. When bean prices unexpectedly shot up, […]

Draft town plan to stabilise runaway prices: minister

Land speculators could get their fingers burnt if town planning rules prevent the construction of certain types of building on their property, a government minister has warned. U Soe Maung, Union Minister for the State President’s Office, says that city zoning could help stabilise land prices. Yangon land prices have soared since the introduction of […]

Crackdown coming for Yangon’s many unlicensed contractors

Unlincensed contractors are facing a crackdown as the Yangon Region government is spurring municipal authorities into action. Builders in Thingangyun township were singled out as particularly unlikely to follow licensing rules, though Hlaing, Mayangone and Insein townships also have their fair share of unlicensed contractors, according to Yangon City Development Commission (YCDC) building engineering department […]

Government to charge wine distributor

Executives of wine importer Premium Distribution will stand trial and face a possible prison term after a government investigation revealed the company was unable to produce an import licence for about 80,000 bottles of wine stored at its warehouse in Yangon, officials said. On December 4, a task force from the Ministry of Commerce raided […]