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Myanma Insurance generates over Ks181 bn in state revenue in three years

The State has received over Ks181 billion in tax revenue from Myanma Insurance over the past three financial years, said Minister for Planning and Finance Myint Thaung during a session of Yangon Region Parliament held on September 21. The information came after Yangon Region MP Tint Lwin from Pazundaung Township Constituency No (2) asked the […]

When Yangon is shaking

Is the former capital ready to resist a strong earthquake? Ko Kyaw Zin Latt lives on the 7th floor of a seven-storey building. On a normal day, he relaxes and enjoys the view over Yangon. But on January 12, he enjoyed the shakes instead. That day, an earthquake of magnitude 6.0 on the Richter scale […]

Expression of Interest in Consulting Services for Disaster Risk Management Project. Closing Date 17 August 2017

Subscribe to our tender alert mailing list MYANMAR South East Asia Disaster Risk Management Project Project ID. P160931 Assignment Title: Component 2 Preparation of Detailed Engineering Designs and Bidding Documents for Drainage Infrastructure Improvements for the 6 Downtown Townships of Yangon (Lanmadaw, Latha, Pabedan, Kyauktada, Botahtaung and Pazundaung) and Construction Management and Supervision of the […]

Firms being selected for Yangon rail loop upgrade

Myanma Railways says it is selecting the firm to upgrade Yangon circular train system in the dry season. An anonymous source said: “The project is planned for about two years now with a loan from Japan. There will be three parts in the plan. First we will install a new signal system and the second […]

Yangon Regional Bill Approved

The regional planning bill on the development of 33 townships in the Yangon municipality area and 12 other townships outside it as part of an urbanisation of Yangon, was yesterday approved by the regional Hluttaw. The Yangon Regional Planning Bill focuses on developing electricity infrastructure, road and water transportation in order to reduce traffic congestion, […]

Analysts Say 2016 is the Worst Year for Rangoon Construction Sector

​​ RANGOON — Rangoon’s construction market faced its hardest year in 2016, as a result of changing government policies during a market cooldown, say critical industry observers. During the best development years, 2005 to 2014, high-end condominiums and low-cost apartments sprung up around Rangoon, construction and real estate observers said. As the market neared its […]

Two river pump projects to supply clean water to Yangon

To satisfy increasing demand for water in Yangon, the Yangon City Development Committee is planning to implement water-pumping projects in the Kukkowa River and Toe River this fiscal year. The two projects will have the capacity to distribute 100 million gallons of water daily. The Kukkowa project will supply 60 million gallons daily to Hlaingthaya, […]

New real estate taxes could hurt Yangon’s poorest

Already high, apartment rents and sales prices in six downtown Yangon townships will almost certainly head further north with the adoption of the 2016 Union Taxation Law, real estate agents told The Myanmar Times. The new law, effective April 1, imposes a minimum 15 percent tax on property transactions, up from 3pc in last year’s […]

YCDC to build sewage treatment plants across Yangon

THE Yangon City Development Committee will build sewage treatment plants throughout the commercial city in cooperation with the Japan International Cooperation Agency (JICA). Daw Khin Aye Myint of YCDC said: “The current sewage treatment system in Yangon is no longer able to treat sewage water. We will build sewage treatment plants near Yangon River, Bago […]

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. […]