fbpx

Yangon to focus on construction of deep sea port, new SEZ

At the Yangon Investment Forum yesterday, Chief Minister U Phyo Min Thein said the Yangon Regional Government will prioritise the construction of a new deep sea port and Special Economic Zone (SEZ) in the city. Once complete, the port and SEZ will help expand trade and encourage the inflow of foreign currencies, he said. Some […]

Yangon’s “new city” authority to publicise project documents in bid to improve transparency

The authority responsible for Yangon’s new city development has vowed to release the project documents of selected tenders for public scrutiny, and allow third parties to challenge the awarded party. On May 2, the government-owned New Yangon Development Company Limited (NYDC) announced that the NYDC signed a framework agreement with China Communications Construction Company (CCCC), […]

Despite High Operating Costs, CEO of Yangon’s New Bus System Remains Optimistic

YANGON— Dubbed one of the first big reforms made by the National League for Democracy government in Myanmar’s financial hub Yangon, a new public transport system known as the Yangon Bus System (YBS) will turn one next month. The new system was aimed at replacing the former capital’s old bus service—the Rangoon Motor Vehicles Supervisory […]

Cocokyun, industrial zones in Yangon’s spotlight

THE development of Cocokyun township covering the islands in the northeastern Indian Ocean, as well as the flight and maritime access between the islands and the mainland, are included in Yangon Region’s plan, according to Chief Minister U Phyo Min Thein. Yangon Region will implement a three-year project which will focus mainly on the improvement […]

Yangon Regional Government Re-Confirms Proposed Agriculture Master Plan

Yangon’s Chief Min­ister stressed the importance of in­creasing the distribution and export of vegetables as part of the Region’s famed agriculture master plan at a meeting of the chamber of commerce. Announced in early 2017,Yangon’s Chief Min­ister re-affirmed the mas­ter plan at a July 20 UM­FCCI meeting alongside Vice President U Myint Swe before local […]

Korea-Backed Industrial Zone to Locate in Northern Yangon

South Korea and Myanmar have reached an agreement to establish an industrial zone in northern Yangon, and constructions will begin in early 2018, Daw Moe Thida, assistant director of the Department of Urban and Housing Development (DUHD), told The Myanmar Times on June 21. At Nyaung Na Pin township, the industrial complex project will have an estimated area of 570 acres. South Korea state-owned corporation, Korea Land & […]

MCEA to Start Affordable Housing Construction

The Myanmar Construction Entrepreneur Association (MCEA), in cooperation with the government, will start building affordable housing units for low-income earners within this year, a senior association official from the organisation said. “The government and the MCEA will start constructing affordable housings – namely public housings and rental housings – within this year. “The government will […]

Taxi service firms compete hard for Yangon’s customers

An aspect of Yangon’s modernisation is the entry and emergence of domestic and international transport operators, namely, Uber, Grab, Oway Ride and Hello Cab, to compete in the taxi service sector. Taxis are one of the commonly used modes of transport in the region, alongside commuter trains and public buses. But taxi service in the […]

Government Plans to Ship Fuel From Thilawa to Yangon in a Bid to Slash Transport Costs

The Yangon govern­ment has unveiled a proposal to begin transporting oil and pe­troleum products from Thilawa to Yangon via ship in a bid to reduce transportation costs in­curred by consumers at the pump, a chief minister has said. Under the proposal small oil tankers, with a capacity of up to 3,000 tonnes, would load up […]

President’s Reserve Fund to Ensure Yangon Power Supply

The President’s Reserve Fund will be used to ensure there is sufficient electricity supply in Yangon in the coming summer, Chief Minister U Phyo Min Thein said. He announced this after a meeting among some Union ministers and entrepreneurs at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) office on April […]