YCDC Performs Final Check on 55 High-Rise Buildings

RANGOON — Rangoon’s high-rise review committee has performed the final check on 55 new buildings and is preparing to inspect a remaining 130 structures, U Than Htay, head of Yangon City Development Committee’s (YCDC) building department, told the Irrawaddy. Of the 55 buildings inspected from Sept. 8-9, 43 were approved and the developers of 12 […]

Vehicle substitution announcement deflates Yangon’s car market

Sales in Yangon’s vehicle market have slumped after the Road Transport Administration Department (RTAD) issued a statement permitting the import of trucks if pickups and light-trucks are revoked as part of a regional substitution scheme, veteran car brokers say. The statement, issued by the RTAD on 26 July, has reportedly deflated the region’s car market […]

Upgrading the Rangoon Commute: Bus Rapid Transport

RANGOON – Two young women with metal milk cans run for the Bus Rapid Transport (BRT) after hurriedly arriving at downtown Rangoon’s Lanmadaw Township station; the BRT bus had arrived minutes earlier and was pulling away from the stop. The driver gestures for them to proceed, where he waits. At peak hour, commuting to and […]

MIC flags Yangon condo built without approval

The Myanmar Investment Commission has accused a local developer of building a condominium in Yangon with a foreign partner without approval, while the developer says it does not need approval as the investment is entirely local. Foreign investments and local-foreign joint ventures must all be approved by the MIC, while local investments can go ahead […]

Safeguard law to curb unfair imports planned

The Ministry of Commerce is preparing a law aimed at closing the widening trade deficit. The “Safeguard Law” will allow for countermeasures against unfair practices, such as instituting an anti-dumping taxes on those selling below cost to corner the market, and countervailing duties, which aim to neutralise foreign subsidies. Pyithu Hluttaw representative U Win Myint, […]

Myanmar to establish new ICT zone in eastern Yangon

YANGON, April 21 (Xinhua) — Myanmar is planning to establish a new information and communication technology (ICT) zone in Thanlyin, eastern Yangon, to boost development of ICT in the country, local media reported Tuesday. Over 120 hectares of land plot have been designated for the new ICT zone and tender for developing the zone has […]

Capital Development Ltd to Start Dishing Out Yangon Condo Units

Local construction firm Capital Development Ltd will soon start handing over condominium units to customers at its GEMS Garden Condominiums project in Hlaing township in Yangon. The project’s initial plan comprise four condominium complexes with 21 storeys on 12 acres of land. U Tin Maung Win, director of Capital Development Ltd, said the companies completed […]

Women find a controversial niche on Yangon bus system

A bus owner who launched a revolutionary new concept to make customers happier and increase profits – hire only women as conductors – is contemplating breaking another barrier: training women to drive the buses as well. But even bringing on women conductors has proven controversial, with some questioning whether they would survive in the rough-and-tumble […]

SCCP to invest in three-star hotel project

Singapore-based SCCP Lakeside Co will invest in a three-star hotel project in Hlaing Township in Yangon. Myanmar Investment Commission (MIC) gave the green light to the company on April 10, after approval by respective regional and government ministries. At the meeting, the MIC also granted approval for a 14-storey hotel project which will be run […]

Panasonic eyeing to open a branch in Yangon

Panasonic Corporation from Japan is planning to open a branch office in Yangon, said Tin Zar, Assistant Manager from Panasonic (Myanmar) said. Panasonic is preparing for the branch office and will be opened in first week of June. It had a permission from Myanmar government to open. “Panasonic has allowed Myanmar companies to operate business […]