New Yangon City Phase-1 expected to cost over $ 1.5 bln

Infrastructure development of New Yangon City Phase-1 is expected to cost over US$ 1.5 billion, Yangon region Chief Minister Phyo Min Thein said at a press conference on the launch of New Yangon Development Co Ltd (NYDC) at Lotte Hotel in Yangon on March 31. Phyo Min Thein, Yangon region Chief Minister said: “The establishment […]

Yangon chief ministers lay outs plan to improve fish farming

The government will cooperate with Myanmar Fisheries Federation (MFF) in reforming the current fish farming system in fishery sector, said Yangon Region chief minister Phyo Min Thein. He blamed little profit for results from conventional farming and called for better services in transporting fishery products through cold storage factories. The chief minister said the government […]

Yangon to upgrade public infrastructures, drainage system with World Bank’s loan

YANGON- With the loan US$ 116 million from World Bank and cash aid $ 1 million from Southeast Asia Disaster Risk Insurance Facility (SEADRIF), Yangon will be upgrading public infrastructures, drainage system as well as to respond natural disasters. The information came from the workshop on Myanmar Southeast Asia Disaster Risk Management Project being held […]

Myanmar Mulls Water Transport for Domestic Freight

Plans are being considered to use water transport across the country after the experiences of Yangon Region and other port towns show that moving goods by water is cost-effective, said Yangon Region chief minister Phyo Min Thein. “Our country is blessed with rivers. But we are weak in using those river routes,” he said. Commodities […]

World-Class Seafood Breeding Farm for Yangon

A world-class seafood breeding farm will be established in 2018, according Phyo Min Thein, Yangon Chief Minister said. The remark came at the opening ceremony of No. 1 Applied Fish and Prawn Breeding Course held at Thiri Annawa Hall of Myanmar Fisheries Federation in Yangon on November 5. Phyo Min Thein said: “We predict that […]

Suu Kyi’s dilemma over Myanmar energy mix

YANGON — When Aung San Suu Kyi’s National League for Democracy was swept into power in 2015, economic development was a key priority and the fledgling government’s social and environmental stance seemed tailor-made for foreign investors. But few foresaw the complexity of adhering to core environmental principles while also dragging a long-neglected economy into the […]

Suu Kyi’s man in Yangon under fire over transit deal with China

Aung San Suu Kyi’s first major infrastructure project could hardly be more visible – hundreds of new yellow buses now plying the streets of Yangon in what her ruling party hopes will be a potent symbol of how it is transforming peoples’ lives. But two deals to import 2,000 buses from China estimated at more […]

MIC invites companies to submit proposals to build dry ports, bonded warehouses

Myanmar Investment Commission has invited companies to submit proposals to build dry ports and bonded warehouses on the other bank of the Yangon River, Planning and Finance Minister Kyaw Win has said. Kyaw Win said this while speaking at a seminar held at the office of the Union of Myanmar Federation of Chambers of Commerce […]

Myanmar blackouts recall darker days

Power outages underline concerns over competence of Aung San Suu Kyi’s government Darker days: Myanmar is short of power – and confidence in the government A wave of power cuts in Myanmar has riled residents and fuelled a wider frustration in business and politics about the pace of change under Aung San Suu Kyi’s 14-month-old […]

‘Prison Made Me Mature’: says Phyo Min Thein Yangon Chief Minister

Yangon dominates Myanmar. Whilst Naypyidaw, 320km to the north, has been the capital for the past 11 years, this vibrant port city with its traffic-clogged streets, fading colonial splendour and the serene beauty of the Shwedagon Pagoda continues to enthral the nation. As Aung San Suu Kyi and her National League for Democracy (NLD) mark […]