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Lower tax rates, higher liquidity expected to boost property market

Real estate developers in Myanmar are expecting a boost in the number of property transactions in fiscal 2019-20, which they hope will help jumpstart the local property market. One reason demand will rise is as a result of a reduction in tax rates on previously undeclared income, which is expected to encourage those who have […]

Yangon mulls fish market in Dala if port area is available: Chief Minister

Plans are underway to conduct a feasibility study for construction of a fish market in Dala if there can be port land available, said Yangon Region Chief Minister Phyo Min Thein on August 13. “We don’t know exactly about the site. There are fish ports in Yangon. But they are scattered. Some local people are […]

Yangon builds bridges to its future as megacity

YANGON/SEOUL/HANOI — As Yangon pushes out in all directions on its way to becoming Myanmar’s first megacity, East Asian countries are snapping up the opportunity to build bridges, industrial parks and other infrastructure in its long-neglected surroundings. “Myanmar is developing its infrastructure with the help of our neighbors. One example with South Korea is the […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

South Korean firm ink agreement on Dala Bridge

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

City expansion plans in danger of earthquakes

Myanmar Earthquake Committee’s Deputy Chairman Saw Htwe Zaw recommend against the plan for Yangon to expand into Twantay and Dala Townships due to the Basin Effect. According to him, those two townships are prone to more damage when an earthquake strikes due to the abovementioned geo-condition of the land. He spoke no January 23 at […]

Less Than One Percent of Rangoon-Dala Bridge Budget Allocated to Land Compensation

RANGOON — The government paid compensation to 66 landowners on February 17 to partially cover losses to be incurred during the construction of a bridge connecting downtown Rangoon with Dala Township. The five-year, South Korea-funded bridge project, also being called the Korea-Myanmar Friendship Bridge, will cost an estimated US$168 million. South Korea’s Economic Development Cooperation […]