YCDC Threaten To Take Action Against Mya Kyun Thar Developers

Yangon City Development Committee (YCDC) has threatened to take action against those companies who do not cease construction and resubmit their proposals on developments at parkland beside the city’s Inya Lake. U Nay Win, deputy department head of engineering (building) at YCDC, told The Myanmar Times yesterday that YCDC had instructed firms working at Mya Kyun […]

Officials split over future of commercial projects on prime Yangon parkland

An outspoken Yangon City Development Committee member says he has ordered suspension of a number of construction projects on parkland beside the city’s Inya Lake, while the department responsible for contracting the companies says the projects are still going ahead. The decision in 2013 to allow eight companies to build commercial projects in Mya Kyun […]

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 […]