Rangoon Drafting Master Plan for Controversial Projects in Mya Kyun Tha

RANGOON — City officials are now drafting a master plan for multiple suspended construction projects on the site of a public garden occupying a peninsula in Rangoon’s Inya Lake. Four companies—Magic Land (which leased 13.864 acres), Nayla Pwint (2.686 acres), Ryu Ji (1.377 acres) and Mandalay Golden Wing (1.83 acres)—had been constructing projects of up […]

Crony companies get 60-year lease of Myakyunthar Park without MIC approval

Yangon—The lease of Myakyunthar Park to eight private companies has been allowed, even without the approval of the Myanmar Investment Commission (MIC), according to a report submitted by the Auditor General of Yangon Region at a special meeting of the regional parliament on November 30. The Yangon City Development Committee (YCDC) leased a land plot […]