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 […]

Yangon works with China to lay down development plan for new city project

New Yangon Development Company (NYDC) on Monday signed a framework agreement with China Communications Construction Company (CCCC) under which the two parties will carry out the necessary surveys and studies needed to develop and implement a new city in Yangon. NYDC is backed by the Yangon Regional Government, while CCCC is one of the largest […]

Yangon focuses on creating growth opportunities, raising living standards

The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into an economic hub with job and business opportunities for residents and investors, according to a report on the government’s performance by state-owned media yesterday. Topping the list […]

Bridges and roads part of Myanmar’s New Yangon development

At least two bridges and dozens of kilometres of roads are part of phase one of an ambitious Myanmar plan to build a new city. Other infrastructure projects are an industrial zone, a power plant and water and sewage treatment plants, according to the newly created overseeing body, New Yangon Development Corporation – NYDC. The […]

Govt to remove withholding taxes from April 1 to support businesses

The Inland Revenue Department (IRD) is planning to stop levying withholding tax starting April 1 onwards in a bid to boost the economy, it revealed during a weekend discussion. The discussions, which took place with the Yangon Regional Government, Union of Myanmar Federation of Chambers of Commerce and Industry and other business associations, were held […]

Yangon to Take Part in Upgrading of Industrial Zones

​​ The Yangon Regional Government will upgrade the industrial zones located within Yangon Region to encourage further investments and development, U Phyo Min Thein, the region’s Chief Minister said during a meeting at the office of the Union of Myanmar Federation of Chambers of Commerce and Industry late last week. There are 29 industrial zones […]

New vocational institute opens in Yangon

Suu Vocational Institute, which will provide vocational training for people lacking formal education, opened in Hlaing Thayar township on Tuesday. “All the vocational training will follow State Counsellor Daw Aung San Suu Kyi’s instructions. Myanmar needs more vocational education because most people do not get degrees so they need vocational education to live better. The […]

French-Myanmar Joint Venture To Install 500 ‘Smart’ Bus Stops in Yangon

YANGON — A French-Myanmar joint venture has won an exclusive 20-year contract to sell advertising on street furniture in the commercial capital Yangon, including the installation of 500 hi-tech bus stops. FMIDecaux—a joint venture between First Myanmar Investment Company (FMI) and JCDecaux, a worldwide outdoor advertising company based in France—signed the contract with the Yangon […]

Government, Entrepreneurs Cooperate to Develop Gems and Jewelry Market

The government will work together with local jewelers to raise interest and create a market for processed Myanmar gemstones and jewelry made locally, U Phyo Min Thein, Chief Minister of the Yangon Region Government, said during the opening ceremony of the Yangon International Gems and Jewelry Fair. The inaugural fair, which was held between January […]

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. […]