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EOI to Develop 6,982 acres of prime land in Ahlone Township. Closing Date 15 Jan 2019

The Republic of the Union of Myanmar Ministry of Construction Department of Urban and Housing Development Invitation for Expression of Interest For Urban Redevelopment Project An urban redevelopment project, that can support the socio- economic and urban development on the land area of 6.982 acres at No (24-A), Baho Road, Ahlone Township, Yangon,  to be […]

US$500 million power plant set to take shape in Ahlone

Toyo Thai Power Myanmar Co Ltd (TPMC) plans to invest between US$350 million (K471 billion) to US$500 million to set up a liquefied natural gas (LNG) power plant, U Htet Aung Mon, general manager of TTCL Power Myanmar said. TPMC is the subsidiary of Thailand-based TTCL Public Co Ltd. The LNG power plant expected to […]

YCDC investigates long building constructions delays in Yangon

YCDC is investigating long delays in the construction of buildings in Yangon Region and the reasons behind unreasonable delays, said Yangon Mayor U Maung Maung Soe on Monday at the Yangon Parliament. The construction of many buildings in the region has been suspended for several years, according to MP U Yan Aung from Mingalar Taung […]

Yangon to tighten enforcement on tax stickers

The government will take action against those popular restaurants which do not affix commercial tax stamps properly,Yangon Region Minister for Planning and Finance U Myint Thaung said on February 20 at the regional legislature. Some retail stores, department stores and restaurants charge a 5 percent consumer tax fom customers. But nobody knows whether the 5 […]

Car brokers decry decision to close the Thiri Mingalar car sales centre

The Yangon City Development Committee (YCDC) on Thursday announced the closure of the Thiri Mingalar car sales centre in Ahlone township as it is a dangerous building, but the car brokers are criticizing the decision. It is difficult to relocate on short notice, there are many cars in the centre and they are facing parking […]

Thalun International School announces expansion

Thalun International School announced Friday its expansion with its Ahlone Campus in downtown Yangon scheduled to open on August 1, 2016 with classes starting on August 9, 2016, according to a press release July 1. The Ahlone Campus, currently at its final stages of construction, is already accepting applications and enrollments for the Academic Year […]

MIC pushes through dozens of investment approvals

The commission, which answers directly to the President’s Office, meets several times a month to approve foreign, joint-venture and local investments. According to MIC information dating back to January 2015, the average number of investments approved at each meeting is just under 10. No more than 20 projects have been approved at any previous meeting. […]

Toyo-Thai plans Bt88 bn power plant in Myanmar

TOYO-THAI CORPORATION, an integrated engineering procurement and construction contractor, is in talks to invest US$2.7 billion (Bt88 billion) in a 1,280-megawatt coal-fuelled power plant in Myanmar. The company expects to finalise the deal in the third quarter, said vice president and chief operating officer Surattana Trinratana. Yesterday saw a signing ceremony for a project loan […]