MP calls on Yangon to convert idle buildings and land into money earners, job generators

A regional legislator has proposed that the Yangon government seizes idle buildings and land plots and turn it into productive assets that would not only earn income for the government but also generate employment for the people. MP U Hla Htay from Mingalar Taung Nyunt township noted in his proposal to Yangon Region Parliament on […]

Yangon Region hunts for industrial tax evaders

The Yangon Region Work Project Scrutiny Committee and management committees of industrial zones are working together to expose entrepreneurs who have not officially declared their industries in the industrial zones, representatives of the businesses community told Mizzima on December 5. On December 2, representatives of the committees made field trips to the industrial zones of […]

Industrial leaseholders warned they would lose if no business is done

The Yangon region industrial zones management committee has warned it will retake 2,339 land plots and 1,299 warehouses located in 29 industrial zones in Yangon region by February 2015 if they are not used for business purposes. Land plots and warehouses occupy more than 4,418 acres of space in total, according to the committee. The […]

Myanmar to construct 2 cargo wharves at Thilawa with ODA loan

Yangon – Japan is agreed to provide assistance to two new general cargo wharves with US$205 million loan from Official Development Assistance (ODA) for constructions at the Myanmar International Terminals Thilawa (MITT) port. “We will construct two new wharves at Thilawa port using a loan from ODA with the supervision of ministry of transport,” said […]