MIC permitted eight enterprises including four garment enterprises

Myanmar Investment Commission (MIC) granted permission to eight enterprises including four garment enterprises, according to an announcement released by MIC. These permitted enterprises include manufacturing of garments under Cut-Make-Pack (CMP) system, manufacturing and marketing the corns, prawns and assorted snacks, sterilized, sweetened and condensed Milk, corrugated carton box and beautification corrugated carton box and cement, […]

Small industrial zones lack government support

Investment should be directed toward upgrading the country’s ageing industrial zones, as the government contemplates launching new ones, say Yangon industrialists. As the Yangon Region government and Myanmar Investment Commission (MIC) mull the regeneration of the country’s industrial base, the owners of existing factories say more can be done to make them competitive. U Ko […]

Farmers fence off government land

Farmers who have fenced off government-owned land in Yangon Region which they say rightfully belongs to them may soon be facing legal action, according to the regional Department of Human Settlement and Housing Development. On empty plots of land in Yangon that the government says it owns but that it does not use, farmers and […]

Ministry surveys Dagon Seikkan land for rental housing

The Ministry of Construction is surveying land in Yangon’s Dagon Seikkan township near Yuzana Garden City housing complex, with a view to building the city’s largest rental housing project to date, an official told The Myanmar Times. If the ministry deems the land suitable for development, it will call a tender for private contractors, said […]

Parking Fines Big Earner for YCDC

The Yangon City Development Committee (YCDC) has earned more than K11 million in fines from cars that illegally park overnight. If a car parks overnight in a place that is not its legally designated parking space, the owner can be punished according to the Municipal Acts, with fines ranging from K50,000 to K100,000, according to […]

Long-term real estate view needed in new Dagons

Investing in property in the new Dagon townships on the city’s outskirts must come with a long-term view, according to experts. The area is slated for the first of seven Yangon New City projects, and is also near other proposed but unbuilt projects such as the Hanthawaddy Airport, according to Daw Thuzar May, director of […]

Ongoing housing developments fall short of local demand

Housing projects currently in progress in Myanmar can barely fulfill people’s need for shelter, according to the Department of Human Settlement and Housing Development. “Right now, public need differs from region to region. Few are working to fill these needs,” said Nay Min Htet, deputy director of the Department of Human Settlement and Housing Development […]

YCDC looks to private sector to solve trash problem

Yangon is handing over its massive trash problem to the highest bidder. The city plans to privatise its trash collection services as the understaffed public cleaning team can’t keep pace with rapid urbanisation and its accompanying swells of rubbish. A list of the top bids for the waste collection contract has been submitted to the […]

Myanmar Govt Plans 30,000 New Affordable Homes in Yangon

YANGON — The Myanmar government’s housing department is planning to build 30,000 new low-cost homes in townships on the outskirts of the country’s largest city, an official said Wednesday. Moe Thida, assistant director of the planning division at the Department of Human Settlement and Housing Development—part of the Ministry of Construction—said the department was putting […]