Demand from education providers jolts real estate market

The Yangon real estate sector has received a much-needed boost from an unlikely source: education providers. Since foreigners were permitted to wholly invest in the provision of educational services in the country earlier this year, demand for high-standard condominium and office units has surged. This is because education investors find leasing or buying condominium or […]

Yangon Lawmakers Call Local Govt’s Industrial Zone Projects ‘Unrealistic’

YANGON — Yangon lawmakers have criticized the industrial zone projects of the regional government as “unrealistic.” Lawmakers on Tuesday discussed the regional government’s plan to establish 11 new industrial zones on the city’s outskirts. It was announced by Yangon Region Chief Minister U Phyo Min Thein last month on the sidelines of the Yangon Investment […]

Yangon Govt Submits Plans for New Port, Industrial Zones

YANGON — The Yangon Region government is seeking approval for 11 new industrial zones on the city’s outskirts and a new multipurpose port terminal near the mouth of the Yangon River to promote regional development, create jobs and attract foreign investment. Yangon Region Chief Minister U Phyo Min Thein first revealed plans for the new […]

Fate of Yangon Water Bus depends on public

The success of Yangon Water Bus solely rests on whether the public uses it, said U Maung Aung, secretary of the Yangon Region Transport Authority Group (YRTA). The first phase of the implementation of Yangon Water Bus started on October 7. It is operated by Tint Tint Myanmar Company following a three-month delay due to […]

Government reveals plans to build first modern oil refinery in Myanmar

State-owned Myanma Petrochemical Enterprise (MPE) is planning to build a new oil refinery near an existing state-run facility in Magwe Region, Daw Yin Yin Aung, deputy director of MPE, told The Myanmar Times. The government intends for the project to be implemented in cooperation with the private sector under a Public Private Partnership, in line […]

Myanmar cooks up LPG expansion plan

A PUSH to get more households to cook with liquefied petroleum gas (LPG) forms a key plank of a plan by the Myanmar government to ramp up the use of the fuel and devote more of the country’s electricity supply to targeted sectors. Zaw Aung, director general of the Oil and Gas Planning Department, said […]

New bridge to resolve Thilawa’s transport nightmare

INVESTORS in Thilawa Special Economic Zone (SEZ) and Thanlyin residents now see the light at the end of the long tunnel, as a new bridge connecting the area with Yangon is scheduled to complete within four years. The new Bago River bridge, expected to become operational in 2021, will be built next to the existing […]

Government strengthens aim of distributing LPG to a million households by 2020

The Ministry of Electricity and Energy (MOEE) is aiming to supply liquefied petroleum gas (LPG) to one million households by 2020, U Win Khine, Minister of the MOEE said at a meeting with companies involved in the import, storage, distribution and marketing of LPG last week. LPG can replace the use of electricity as a […]

Hlaingthayar, Thanlyin Hospitals to upgrade to teaching hospitals

YANGON- With the aim to nurture qualified postgraduate doctors and house surgeons, the government will upgrade Hlaingthayar and Thanlyin general hospitals as teaching hospitals, according to the Ministry of Health and Sports. The hospitals, located in Yangon’s outskirts, are known for treating many injuries caused by traffic-accidents. The two hospitals are being expanded, with new […]

Yoma Strategic posts strong Q3 results, shares dip

Yoma Strategic Holdings, which does business in Yangon but is listed in Singapore, on Tuesday released its financial statements for the nine months ended December 31, 2017. The company drew revenues amounting to S$82.9 million for the period, which is up 24.3 percent over the same period last year. Owing to the disposal of its […]