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New Yangon City Phase 1 – EOI Submission Status Update

CEO’s Weekly Blog – 8 March 2019 New Yangon City Phase 1 Infrastructure Projects: Status of EOI Submission   Dear Friends, On 11 February 2019, we had invited interested companies to submit EOI to begin the first step of the NYDC Challenge for the below infrastructure projects. These projects are part of the development of […]

Myanmar offers tax exemption to entrepreneurs investing in new Yangon city project

YANGON, March 2 (Xinhua) — Myanmar is offering zone-wise tax exemption to entrepreneurs investing in a New Yangon City Project, aimed at attracting more investors to the city expansion project being implemented on lands to the west of Yangon River, according to the Myanmar Investment Commission Saturday. Those investing in Zone-1, which is least developed, […]

YCDC: Clarification of Three Key Misconceptions of New Yangon City Project

CEO’s Weekly Blog – 26 February 2019 A Closer Look at the Facts of the Project Dear Friends, Since the final Master Plan presentation at the YCDC City Hall on 15 February 2019, several articles and editorials have appeared in the local press and social media. While many of them supported the project and applauded […]

NYDC – Creating an Efficient and Accessible System of Public Transportation

CEO’s Weekly Blog – 8 October 2018 Creating an Efficient and Accessible System of Public Transportation There has been a lot of press reports and comments on social media questioning the validity of NYDC. Some have questioned whether NYDC is a properly approved entity, whether budget has been approved, or if funds are used appropriately. […]

New Yangon City Challenges Regional Govt Transparency

On May 2, 2018, the New Yangon Development Company (NYDC), the company owned by the Yangon regional government to undertake the New Yangon City project, announced that China Communications Construction Company (CCCC) would develop the new city project. Interestingly, NYDC has emphasized that CCCC has not yet been granted the project. Under the Swiss Challenge […]

NYDC to hold talks on seeking reliable facts about much-criticized Yangon New City Project

New Yangon Development Company (NYDC) has planned to hold a talk about NYDC Town Hall with the intention of seeking strong evidences for Yangon New City Project as China Communication Construction Company Limited (CCCC), a tender winning company, is facing many questions as to whether or not there is transparency, said Thein Wai (a) Serge […]

Amid political challenges, Myanmar prizes UK investment for economic renewal

With Myanmar’s new Investment Law coming into force over a year ago, along with a soon-to-be implemented Companies Law, the government hopes its liberalisation and decentralisation efforts will help secure new British investment and support to move the economy forward. UK expertise is seen as particularly vital for Myanmar to develop a strong financial services […]

Yangon’s new city vastly ambitious but govt’s role called into question

YANGON’S government has formed a company to develop a landmass twice the size of Singapore as a re-launch of the “new city” development project abandoned last year. While officials has gone as far as comparing the project’s ambition with the urban development of China’s Shenzhen, a business leader has called into question why the government […]