Talks held over 300MW solar power facility for Ayeyawady Region

REPRESENTATIVES of the Ayeyawady Region government and the Thailand-based Won Toll Co have held talks over the establishment of a US$100 million solar power facility, which would have the capacity to provide 300 megawatts of electricity per year. During the talks, which were held on 20 May, it was planned that a solar power project […]

YCDC planner targets 30 percent parkland

It isn’t easy keeping Yangon green, what with the heat, developers’ voracious appetite for empty land, and the council’s lack of resources. But municipal officials say they are hopeful they can more than double the amount of green space in Yangon under a new zoning plan, taking the figure up to 30 percent. U Toe Aung, a […]

YCDC Lost Millions in Park Leasing Process: Auditor General

The Yangon City Development Committee (YCDC) has lost millions of dollars in the process of leasing recreational parks in Yangon to private companies, the Auditor General of Yangon region said at a special meeting of the regional parliament. “The country is losing money on the leases of parks in Yangon. YCDC’s playgrounds, parks and gardens […]

Yangon auditor-general two years behind on government accounts

Two members of the Yangon Region parliament – an MP from the Union Solidarity and Development Party and one independent – are calling for the release of audits into regional government spending for the past two years. So far MPs say they have only received audited reports for spending in 2012-13 – the fiscal year […]

Battle for beer goes to arbitration

The military-linked giant Myanma Economic Holdings Limited (MEHL) announced on November 6 that it is launching arbitration against Myanmar Brewery Limited (MBL), its Singapore-based joint venture partner. In a heated media release, MEHL slammed “erroneous” media reports that its arbitration against Fraser & Neave Limited (F&N) was a test case for Myanmar’s investment laws. Seeking […]