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South Korean firm ink agreement on Dala Bridge

The Yangon regional government signed a Memorandum of Understanding (MOU) with Myanmar Wooree Co, a South Korean firm, to establish an industrial project on July 11. The regional government plans to construct this industrial project on the western side of Yangon River and will plan to connect that with the proposed Dala Bridge, located in […]

Yangon tax rates and fines under scrutiny

According to the 2018 Yangon taxation law, the Yangon City Development Committee (YCDC) will cease its collection of taxes or fines for illegal use of public space starting from this fiscal year, U Myint Thaung, regional minister of planning and finance said at the Yangon Parliament last week. In Yangon, because of space constraints, companies, […]

Yangon regional government weighing policies to control traffic

The Yangon regional government is currently weighing a car import policy for the region and will announce its decision in due course, U Myint Thaung, regional planning and finance minister, said last week. Policies including permits for individual car importing are now being discussed with Yangon’s chronic traffic problems in mind. The number of vehicles […]

Whoever Reports Tax Avoidance Will be Awarded 10 Percent of the Fine

The government is planning to award 10 percent of fines to those who report scofflaws who fail to put tax stamps on receipts to the Internal Revenue Department, according to U Myint Thaung, Minister of the Ministry of Planning and Finance. He was answering a question submitted to the Yangon Regional Parliament on February 20 […]

Yangon to tighten enforcement on tax stickers

The government will take action against those popular restaurants which do not affix commercial tax stamps properly,Yangon Region Minister for Planning and Finance U Myint Thaung said on February 20 at the regional legislature. Some retail stores, department stores and restaurants charge a 5 percent consumer tax fom customers. But nobody knows whether the 5 […]

Acer, Excel Myanmar to Bring Cashless Fares to Yangon Bus System

YANGON — Nearly a month behind schedule, an ad hoc assessment board convened by the Yangon Region government has named Excel KC Myanmar the winner of a contract to implement a cashless payment system for the city’s public bus commuters. The regional government solicited bids in late August for the card payment platform, the Yangon […]

Legislator questions hotel project at defence museum

A legislator on Tuesday asked the parliament for more details about a US$320 million hotel project at the Defence Services Museum. U Kyaw Zayar, Hluttaw representative of No.2 Dagon township, said he wanted to know the agreement about this project and how the people can benefit from it. The legislator also wanted to know if […]

Restaurants Might Have Licenses Seized for Tax Non-Compliance

Restaurants which have failed to include commercial tax stamps might have their licenses seized, according to discussions among lawmakers at the Yangon regional parliament session on April 24. Regional MP U Kyaw Kyaw Htun said that the regional government should deal with the restaurant situation. He suggested seizing licenses of restaurants which have failed to […]

Yangon to Upgrade Markets With PPP System

The Yangon Region government is going to install 21 markets with a public-private partnership (PPP) system, according to U Myint Thaung, the regional minister for planning and finance. “The regional government has planned to upgrade markets under YCDC that will use a PPP system rather than the government’s budget. There are 21 markets which will […]

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, […]