New Mingalar Market to Begin Construction in November

After suffering a devastating fire about one and a half years ago, the location of Mingalar market is now in a good condition to start construction for the new market, said Ko Kyaw Naing Htwe, representative of shopkeepers in Mingalar Market. On May 18, a meeting took place between officials from Yangon City Development Committee […]

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 […]

Lack of safety measures threatens shopping malls

Despite Myanmar’s softer-than-expected growth, there are still fairly visible developments compared to the years before 2010. A rise in the number of shopping malls is a striking testimony to the recent economic changes of Yangon. This trend has intensified since 2012, when plush shopping malls started reaching beyond downtown into other areas of the city. […]

Yangon Plans to Replace Mingalar Market

According to the market places division of the Yangon City Development Council (YCDC), the fire-damaged Mingalar Market will be demolished within two months. Akari Phoo was awarded the tender for the demolition with a timeframe of 60 days.  “The process has begun. The reconstruction will be announced at a later date,” said an official from the YCDC. Mingalar, a popular […]

Shop owners quarrel over Mingalar market future

Construction of a temporary replacement for Mingalar Market, which was destroyed by a fire on January 9, may be delayed due to disagreement on whether to reconstruct the market or build a new one, shop owners say. Owners of spaces in the Yangon market disagree about its future, with a division mainly between those whose […]

Dealers stop selling dollars

US dollars are only available on the black market as domestic banks and official currency exchange counters with licences from the Central Bank of Myanmar (CBM) have stopped selling. Ko Thiha, a trader at Yuzana Plaza and Mingalar market, said: “It’s been a month since I could buy dollars at the government’s official exchange counters. […]

Master plan to tackle Yangon’s floods

he drafting of a master plan to deal with Yangon’s flooding problems in the rainy season has been completed, according to the roads and bridges department of Yangon City Development Committee. Since 2014, the YCDC has been drafting a plan for flood preventive measures in six Yangon townships: Kyauktada, Pabedan, Latha, Lanmadaw, Botataung and Pazundaung. […]