New SEZ at Dala Township on the Cards

A new Special Economic Zone (SEZ) will be established at Dala township in the Yangon Region after completion of the Yangon-Dala Bridge, said Yangon Chief Minister U Phyo Min Thein at the Challenges for Business Enterprises in 2018 public talk at the Union of Myanmar Federation of Chambers of Commerce and Industry headquarters on Sunday. […]

New Industrial Zones Planned at 11 Townships in Yangon Region

The Yangon Region Government is planning to construct new industrial zones in 11 townships outside the Yangon, according to U Nay Win, representative of Pyithu Hluttaw in Thongwa township of Yangon region. U Phyo Min Thein, Chief Minister of the Yangon Region Government met representatives of parliament and the departments of relevant ministries to discuss […]

World-Class Aquarium to Open in Kandawgyi in April 2018

An aquarium of international standard is set to open in Kandawgyi in Yangon next April, according to U Phyo Min Thein, chief minister of Yangon Region. “Arrangements are being made to open an aquarium of international standard at Kandawgyi in April 2018,” he said. Fish breeding, prawn breeding and fish-keeping will be taught at a […]

Why the construction sector is ailing and how it could recover

To help the construction and real estate sectors expand and stay profitable, government support in the form of tax and loan policy reforms is necessary, developers said. Currently, developers must pay taxes of up to 10 percent on the sale of condominium units priced between K100 million to K500 million. Meanwhile, buyers must pay a […]

Government warning baffles video game shops

Video game operators are desperately seeking advice from authorities on where to secure license for their businesses amid threat by authorities to shut down their operations. Police and local officials are considering shutting down their operations on suspicion that they are operating illegal online gambling. Over 200 owners of video gaming shops in Yangon said […]

Bean Association Acts Swiftly to Avoid Panic

At an August 30 meeting of the Myanmar Pules, Beans and Sesame Seeds Merchants Association (MPBSSMA) and the Union of Myanmar Chamber of Commerce and Indus­try (UMFCCI), a solution was jointly reached to stabilize local bean market: a temporary contribution of state and association funds. Two weeks ago, India, a primary bean importer, stopped buying […]

Government to open vocational training schools for dropouts in Yangon

The Yangon government and the Ministry of Education will start collaboration in running vocational training schools in the region to help youth dropouts find gainful employment, Yangon Chief Minister U Phyo Min Thein said. “Children who drop out from school will finally have a chance to get access to education that they can afford,” U […]

Yangon government takes first move to bring Reuters to court

The Yangon government has filed a complaint against international news agency Reuters before the Myanmar Press Council over a report about the alleged lack of transparency in the procurement of buses, a senior member of the council said Tuesday. The Yangon government’s move was the first step in hauling Reuters to court, according to legal […]

Uber, Grab do things a little differently in Yangon

Uber Technologies and Grab, two of the biggest names in the ride-hailing business, are rapidly expanding in Myanmar’s largest city, where the spread of smartphones is unlocking big opportunities. Yangon’s authorities appear to have rolled out the welcome mat for them, viewing the services as a way to improve the city’s underdeveloped transport infrastructure. Going […]

World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]