New city development needed to draw foreign investments: Chief Minister

Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]

Korean investments could kick start long-delayed construction of Dala Bridge

An industrial zone to be developed by the Yangon regional government and Myanmar Wooree Co, a South Korean firm, at the west bank of the Yangon River could be the impetus needed for construction of the much-touted Dala Bridge to commence. Once the bridge, which will connect downtown Yangon to the western side of town, […]

MoU for Dala Industrial Development Project Signed

The Yangon regional government and South Korea-based Myanmar Company Wooree signed a memorandum of understanding for the Dala Industrial Development Project on Saturday, a project to be implemented on the west bank of Yangon River near the ongoing Yangon-Dala bridge project in one of Yangon’s undeveloped townships according to the Yangon regional government. The Yangon […]

Can the regional government manage both old and new Yangon?

The Yangon region government has come under flak since March, when it announced the launch of a new Yangon City project at the west bank of Yangon River. If and when the first phase of the US$5 billion development is complete, it will include five village townships, two bridges, 26km of artery roads, 10 sq […]

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 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 government under fire for proposing to spend K1 billion on ten Ford cars

The Finance, Planning and Economic Affairs Committee plans to discuss Yangon’s proposed 2018-19 budget, which includes spending on a fleet of Ford vehicles for government officials, Daw Sandar Min, the committee’s chair, told The Myanmar Times this week. Daw Sandar Min was responding to Yangon Region Chief Minister U Phyo Min Thein’s comments to the […]

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 […]

Government must do a better job managing the impact of growth on Yangon

As Yangon’s status as business and logistics hub of Myanmar grows, the regional government, expecting an influx of people and foreign direct investments, has unveiled grand plans to modernise and expand the city. Yet, many of the projects announced have been criticised for being poorly executed and lacking in contingency planning. Despite being allocated the […]

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 […]