Yangon MPs Call for Crackdown on Shady Foreign Business Operators

The Yangon Region parliament is considering increasing scrutiny on foreign businesspeople who operate illegally. Parliament debated a proposal from MP U Win Maung (NLD; Hlaing Tharyar 1) on October 10 that would have the government take action against foreign operators of illegal businesses. Regional Planning and Finance Minister U Myint Thaung told parliament that such businesspeople will […]

Kandawgyi Park helium balloon project garners objections

A ballooning plan to provide tourists with a bird’s-eye view of Kandawgyi Park may yet be deflated by lawmakers trying to jettison the proposal. Myanmar Voyages International Tourism Company said it has already secured permission to launch a helium balloon venture above Yangon’s Kandawgyi Lake. The chair of the company said the plan will help […]

Illegal foreign-run businesses in Yangon MPs’ crosshairs

Amid much talk of luring outside investment to Myanmar, Yangon Region lawmakers have indicated that they want to see greater scrutiny of foreign operators of illegal businesses in the commercial capital. Regional MPs yesterday approved a proposal to debate cracking down on these foreign entrepreneurs next week. Parliamentarian U Win Maung (NLD; Hlaing Tharyar 1) submitted the […]

Police told not to charge for clearance letters

Police have been ordered to provide criminal clearance letters free of charge, after a forgery ring was uncovered earlier this month in Yangon. The recommendations, which are mostly needed for job applications, are supposed to be given free of charge but officers often expect “tea money” in exchange for the letter. This widely understood practice […]

Epic state auction hushes market

The big sell-off has finally arrived. The Privatisation Commission, charged with auctioning state-owned enterprises, on February 13 released a list of 268 sites that will be sold off nationwide, with a final bid submission date of February 24. There are 157 properties in Yangon up for grabs, including many in Bahan, Yankin, Insein, Hlaing, Mayangone, […]

Myanmar’s oil and gas boom fuels services scramble

YANGON — As economic and political changes brewed in Myanmar four years ago, Yadana Su Hlaing decided it was time to return home after a decade studying and working overseas to help run Smart Technical Services, the Yangon-based oil and gas support services company founded by her father, K.K. Hlaing. Her timing could not have […]

Yangon Land Price List

Yangon land price on a per square foot basis by township as used by the Myanmar Inland Revenue Dept for the purpose of calculating property tax applicable. Sr Township Road/Street Name 1 sqft Rate (Kyats) 1. Lanmadaw Mahabandoola Road Ahnawrahta Road, Strand Road, Merchant Road, Bogyoke Road. 240,000.00 Lanmadaw Lanmadaw St, Kaingdann St, Shwe Taung […]