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YCDC official says unutilised industrial land could be appropriated

No businesses have been set up on some 40 percent of the land designated as industrial zones in Yangon and action will be taken to rectify the matter, say city officials Yangon City Development Committee Associate Secretary U Than said that unused land would be appropriated in a press conference on Monday. “While some 60pc […]

Myanmar, Korea sign MoUs on preliminary survey of Dala New City Project and housing finance

Myanmar and South Korea have signed a memorandum of understanding on the preliminary survey of the Dala New City Project and an MoU on financial cooperation in the real estate sector, according to the Korea-Myanmar business forum held at the Lotte Hotel in Yangon on September 4. “As we launch Korea-Myanmar Industrial Complex (KMIC) and […]

Myanmar initiates low-cost housing for squatters in Yangon

Myanmar’s Yangon regional government has initiated a project of developing apartments on state-owned land to tackle the issue of squatters and the project will be implemented in September, according to the office of the regional government on Wednesday. “The regional government will offer a long term installment payment plan to squatters to help them purchase […]

Industrial zones in Yangon get upgrades

The region government has started working to upgrade 29 industrial zones, Yangon Region Chief Minister U Phyo Min Thein said at a press conference held at the Office of Yangon Region Government on June 29. Yangon region has 29 industrial zones and Thilawa Special Economic Zone which is jointly operated by Japan and Myanmar. The […]

New industrial zone proposed northwest of Yangon

Golden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced. The creation of the industrial zone is expected to require investments totaling US$500 […]

RecyGlo cleans up in recycling

Coloured waste bins line the walls of RecyGlo’s office in Yangon. Blue is for paper, red for plastic, green for aluminium and black for general waste. The waste is being separated for recycling. “If the plastic, glass and cans that we discard daily are not systematically sorted, recycled and reused, it will have an impact […]

Future Yangon as a town encircled by industrial zones: Chief Minister

The regional government is planning to build Yangon as a town circled by industrial zones and in the future, a big circular shaped city emerge, said Yangon Region Chief Minister Phyo Min Thein in a ceremony to open Hmawby-Taikkyi road, a portion of Yangon-Pyay Road held on February 10. The opening ceremony was attended by […]

Yangon sets sights on smart-city goal

As the world advance, Yangon city has to become a smart city and also be made more liveable, said Yangon Region Chief Minister U Phyo Min Thein during the 10th anniversary of Barcamp Yangon held recently. BarCamp is an international network of user-generated conferences primarily focused around technology and the web. The Yangon Region government […]

Offering high hopes of realizing full growth potential from upcoming Rakhine State Investment Fair

Rakhine State has naturally an inherent potential for growth. But it has lagged behind other Regions and States in terms of commerce and social development after Independence in 1948 which has been invested with several kinds of insurgency. Economic development plays an important role in overall developments in Rakhine State; it is an agriculture-based State. […]

Industrial zones hampered by poor infrastructure but demand remains

Demand for Myanmar’s industrial zones beyond Yangon is bound to grow but poor transport and energy infrastructure have held back investments, a major study suggests. Business information firm Frontier Myanmar Research (FMR) last week at the Yangon Stock Exchange launched its Myanmar Industrial Zone Review, a study based on reviewing approximately 100 active, developing and […]