Rangoon Taxis Need Reform

Rangoon has around 70,000 taxis plying the city’s streets, many owned and run by individuals. There are two local pioneering app-based cab service providers—Hello Cabs and Oway Ride—cultivating a culture in which apps are used to hail taxis in the city since 2016. The two are now set to compete with foreign brands: Singapore-based firm […]

Economy to Grow by Seven Percent This Fiscal Year, Observer Group Predicts

RANGOON — Burma’s economy is predicted to grow by at least seven percent in the 2017-18 and 2018-19 fiscal years after growth of six percent last fiscal year, predicted regional observer group ASEAN +3 Macroeconomic Research Office (AMRO). Moderate growth in Burma last fiscal year (6.3 percent) compared to 7.3 percent the year before was […]

Rangoon Survey Reveals Nearly 6,000 Heritage Buildings

RANGOON—An on-going survey conducted by Yangon Heritage Trust has revealed that the former capital has nearly 6,000 heritage buildings across the city. The non-governmental organization advocating for heritage protection in the city has been carrying out the Urban Heritage Inventory since it was founded in 2012. So far it has logged nearly 6,000 heritage buildings—some dating back to […]

Rangoon MP: Owners of Unlawful Game Centers Should be Punished—Not Employees

RANGOON — A lawmaker has called for clearer definitions of illegal gambling machines sometimes found in “game centers” in Rangoon and more accountability for the owners of such firms. MP U Than Naing Oo of Panbedan Township asked Rangoon Mayor U Maung Maung Soe in a divisional parliamentary session on Monday to specify illegal gambling […]

Burma’s Next Generation of Tech Entrepreneurs Showcase Start-ups

RANGOON — Burma embraced a fresh generation of tech entrepreneurs who have abandoned traditional paths, as the country’s first startup accelerator presented its “most promising” tech startups. Phandeeyar, a creation space for the country’s technology community, organized a six-month domestic startup accelerator program last year to encourage entrepreneurship and attempt to ease a lack of […]

How Did Myanmar’s Reforms Change Its Relations With China?

I first visited Myanmar (formerly known as Burma) in February 2013, two months after then-U.S. President Barack Obama’s landmark visit to that country. One thing that has been inscribed in my fond memories of the visit is that many street vendors in Yangon (formerly Rangoon) were hawking T-shirts with Obama’s headshot and a caption above […]

KBZ Bank ‘Open to Foreign Investors’

​​ RANGOON — KBZ Bank is willing to sell a stake in its operations to a foreign investor if the law permits, according to a report. Existing laws do not permit foreign investors to hold stakes in local banks in Burma, but changes are being considered this year to the Companies Act that could allow […]

Ministry Reportedly Invited Electricity Tender Without Budget Approval

​​ RANGOON — Rangoon residents’ hope for 24-hr access to electricity is fading after the Ministry of Electricity and Energy said that it had no budget for two private electricity suppliers, which last year won a tender to provide electricity for the commercial capital. In 2015, the previous government initiated a plan to deal with […]

Vietnamese Firm Wins Planning Ministry Project

​​ RANGOON — A Vietnamese firm has won the bid for a project to help upgrade Burma’s public finance system. FPT group will implement the US$11.3 million World Bank-funded project to install pre-fabricated data center facilities in Naypyidaw and Rangoon for the Ministry of Planning and Finance. The Vietnamese conglomerate beat 12 rivals from China, […]

Multi-Billion Dollar Rangoon Southwest Expansion Set to Begin

​​ RANGOON — The Rangoon divisional government will begin implementation of a controversial expansion plan in the southwest region of the commercial capital at the end of February, according to Rangoon Chief Minister U Phyo Min Thein. The chief minister made the announcement on Saturday during a meeting with Vice President U Myint Swe and […]