Yangon Water Bus launched to the delight of commuters

Photo courtesty of Tint Tint Myanmar The Yangon Water Bus system was opened to the public on 6 October and began operating on 8 October amid a large number of interested citizens. At the opening ceremony of the YWB, Yangon Region Chief Minister U Phyo Min Thein said the water bus system will slightly decrease […]

Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

Avoid Gambles: Yangon Chief Minister

​​ According to Yangon Region Chief Minister Phyo Min Thein, businesses should avoid high-risk investments as more major projects develop. At a meeting between Vice President Myint Swe and the Federation of Chambers of Commerce and Industry (UMFCCI), Phyo Min Thei claimed that a deep water port project, a special economic zone and a new city development plan would soon be unveiled. He cautioned against businesses building […]

High-rise car parking and hotels to be built on Myanma Railway land

HIGH-rise car parking and hotel projects in Yangon will be implemented on the land belonging to Myanma Railway, it has been learned. Due to a scarcity of available land in Yangon City, a number of development projects will be conducted on the grounds of the Kyimyindine and Pazundaung railway stations which are owned by Myanma […]

Land sales grind to a halt in Yangon New Town area after price surge

Sales of land in the area where the so-called Yangon New Town is planned have ground to halt after prices soared to Ks 70 million (US$72,000) to Ks 85 million an acre, local residents and real estate agents say. The new town will cover 30,000 acres in three townships: Kyimyindine, Seikkyi Kanaungto and Twantay. Yangon […]