Avoid Loss of Foreign Investments: Report

The Yangon Region Finance, Planning and Economic Committee has sent its yearly report to the regional parliament, urging for action to be taken in order to avoid the loss of foreign investments. Committee chair Daw Sandar Min said the regional government must put emphasis on issues that could affect investments and the economy. Among the […]

Four Ministries clarify undertakings in the first 100 days

Four ministries clarified their undertakings in the first 100 days of the new government to reporters in Nay Pyi Taw. The press conference was held at the Ministry of Information yesterday. Regarding the achievements of the Ministry of Information, Union Minister for Information Dr Pe Myint said the ministry conducted training and workshops for the […]

Yangon authorities appear to backtrack over high-rise review

Yangon city authorities appear to have come down on the side of angry developers in the row over the suspension of 222 projects either under construction or at the planning stage. Following a city-wide review of project designs, the suspension was ordered because the buildings reportedly violated draft zoning regulations. However, the draft in question has yet […]

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 […]

Rangoon Parliamentary Committee Lets Halted High-Rise Projects Off the Hook

RANGOON — A Rangoon Division parliamentary committee has recommended that the divisional government rescind modification orders delivered earlier this month to eight high-rise construction projects, after the developers petitioned the committee for a review. A high-rise review committee formed by the executive branch of the Rangoon Division government has reviewed more than 200 high-rise building […]

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project. The regional administration has asked developers involved in the project to submitted detailed plans, while the NLD-dominated parliament has warned that it will be reviewed before it is […]

Parliament opposition leaves two more flyovers in doubt

Two expensive flyovers budgeted for Yangon should be scrappedamid criticism over the portion of public funding dedicated to the projects, a parliamentary committee said yesterday. The outgoing region government earmarked K32.2 billion (US$26.1 million) forthe bridges, slated for the junction of Kabar Aye Pagoda and Parami roads, and North Okkalapa junction. But yesterday the parliamentary Finance, […]