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 […]

Singapore carriers exploring possibility of multi-city flights within Myanmar

YANGON – Singapore is looking to introduce multi-city flights within Myanmar by its carriers Singapore Air or Silkair, as part of a series of ways the two countries can cooperate more closely. PM Lee Hsien Loong gave these updates on Wednesday (June 8) at a reception with Singaporeans in Yangon at Sedona Hotel, built by […]

A 500 billion political land mine and Myanmar’s gaping budget

Growth retardation of the agricultural sector connects too many aspects of economy issues such as lack of investment, lack of industrialization, obstacles in producing and distribution of goods, high unemployment rates, etc. It is a high priority economic policy that the new government must endeavor to implement as the development of the agricultural sector directly […]

New Chief Minister of Rangoon Looks to Improve Infrastructure

RANGOON — Rangoon’s new chief minister said Monday he will focus on using local and foreign investment to ramp up the development of infrastructure in Burma’s commercial capital. A lawmaker for Hlegu Township, Phyo Min Thein was appointed Chief Minister of Rangoon by the National League for Democracy (NLD) during a divisional parliament session on Monday. […]

NLD leader’s next challenge: the bureaucracy

Staff in the four ministries soon to come under Daw Aung San Suu Kyi’s management have welcomed her appointment, telling The Myanmar Times they hope she can accelerate administrative reforms in the civil service. But analysts and insiders have cautioned that she will face myriad challenges in cleaning up the bureaucracy and upholding promises of […]

Land Prices in Kyaukphyu SEZ Shoot Up

Strong demand from local businesspeople has seen the prices of land plots in Kyaukphyu Special Economic Zone (SEZ) shot up, realtors from Rakhine state said. Average price of farming land per acre until November 2015 ranged from K2-5 million, but now it ranges from K4-8 million, with most of the buyers being local businesspeople. “The […]

NLD to take 25% of MPs’ salary

The central executive committee of the National League for Democracy (NLD) has instructed its MPs to donate 25 per cent of their salary to party funds. Lower House MPs Dr May Win Myint and Aung Soe and Min Oo and Kyaw Thiha from the Upper House were assigned to collect the money. Chairperson Aung San […]

Buyers Remain Cautious as Condominium Law Approved By Parliament

Burma’s outgoing Union Parliament on Friday approved a new Condominium Law, clarifying some property regulations and making 40 percent of units available for foreign purchase. Three years in the making, the law is expected to breathe new life into a stagnating real estate market, though industry professionals predict foreign investors still await more reform. Under […]

Only Suu Kyi Speaks for NLD, Party Says After Speaker Slip

The National League for Democracy (NLD) announced on Friday that party chairwoman Aung San Suu Kyi is the only person authorized to speak publicly about the party’s policy decisions. In a statement shared on social media, the NLD said it has to “handle things delicately at present,” as the party prepares to assume power after […]

Parliament to leave 14 bills for next government term

Myanmar’s Lower House of Parliament ruled yesterday that 14 bills, including the Bill for the Protection of the Constitution, would not be discussed during the term of the current parliament. The Lower House decided to send the bills, which were submitted by the Joint Bill Committee, back to the Union Parliament due to a shortage […]