UK Government to Strengthen Gas Sector in Myanmar

A UK Government-supported programme, to strengthen the development of a modern, dynamic oil and gas sector in Myanmar, is to be launched later this month, according to a joint press release from the British Embassy in Yangon and Aberdeen International Associates (AIA). Mr Gordon McIntosh, Aberdeen City Council’s former Director of Enterprise, Planning and Infrastructure, […]

Rangoon Govt Rep Clarifies Development Priorities

RANGOON – The head of Rangoon Parliament’s Finance, Planning and Economic Affairs Committee told the press on Thursday of the divisional government’s priorities for the development of the commercial capital throughout the rest of the year. Daw Sandar Min said that Rangoon Chief Minister U Phyo Min Thein informed committee members of 24 planned projects […]

Insurance market will be open to foreign firms in 2017: ministry

The government is planning to open Myanmar’s struggling insurance industry to foreign firms early next year and free local players from an array of restrictions – part of a coordinated push to speed up liberalisation in a sector crucial to economic development, a senior government official told The Myanmar Times. “We’re going to speed up liberalisation, […]

Yangon authorities appear to backtrack over high-rise review

Yangon city authorities appear to have come down on the side of angry developers in the row over the suspension of 222 projects either under construction or at the planning stage. Following a city-wide review of project designs, the suspension was ordered because the buildings reportedly violated draft zoning regulations. However, the draft in question has yet […]

Yangon high-rise review divides officials

  The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction. Daw Sandar Min, who heads the regional Finance, Planning and Economic Committee, said developers had suffered “enormous […]

Rangoon Parliamentary Committee Lets Halted High-Rise Projects Off the Hook

RANGOON — A Rangoon Division parliamentary committee has recommended that the divisional government rescind modification orders delivered earlier this month to eight high-rise construction projects, after the developers petitioned the committee for a review. A high-rise review committee formed by the executive branch of the Rangoon Division government has reviewed more than 200 high-rise building […]

Cranes stand idle as Myanmar businesses bemoan economic policy drift

Aung San Suu Kyi’s ruling party will offer a glimpse of its plans for Myanmar’s economy this week, in a long-awaited announcement that seeks to reassure businesses and investors who have grown increasingly worried by a lack of firm policy detail. A burgeoning private sector had hoped the National League for Democracy’s (NLD) emphatic triumph […]

Yangon zoning plan to be drafted in three months

A zoning plan for Yangon will be drafted in three months, said Ye Min Oo, a member of the Yangon City Building Scrutinising Committee. “We will finalise drafting the zoning plan in three months. Then, the Yangon Region government will scrutinise it,” he said. Regional MP Sandar Min, who is also the chair of the Finance, Planning […]

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project. The regional administration has asked developers involved in the project to submitted detailed plans, while the NLD-dominated parliament has warned that it will be reviewed before it is […]

Parliament opposition leaves two more flyovers in doubt

Two expensive flyovers budgeted for Yangon should be scrappedamid criticism over the portion of public funding dedicated to the projects, a parliamentary committee said yesterday. The outgoing region government earmarked K32.2 billion (US$26.1 million) forthe bridges, slated for the junction of Kabar Aye Pagoda and Parami roads, and North Okkalapa junction. But yesterday the parliamentary Finance, […]