YCDC Performs Final Check on 55 High-Rise Buildings

RANGOON — Rangoon’s high-rise review committee has performed the final check on 55 new buildings and is preparing to inspect a remaining 130 structures, U Than Htay, head of Yangon City Development Committee’s (YCDC) building department, told the Irrawaddy. Of the 55 buildings inspected from Sept. 8-9, 43 were approved and the developers of 12 […]

Yangon zoning plan to be made public this year: official

Yangon may finally be getting its long-awaited zoning plan, officials say. A draft drawn up by the city’s development committee will be opened for public comment before being adopted as law by the regional parliament, a Yangon City Development Committee spokesperson said. The zoning and land use law will be submitted to parliament after a […]

Yangon’s peripheral townships lack funding, says chief minister

The Yangon Region chief minister said this week that he hopes to support development in 12 townships that sit outside the Yangon City Development Committee’s jurisdiction, and create jobs for people at the edges of the city. U Phyo Min Thein told a meeting of young entrepreneurs on August 1 that more funding is needed for the […]

Yangon authorities appear to backtrack over high-rise review

Yangon city authorities appear to have come down on the side of angry developers in the row over the suspension of 222 projects either under construction or at the planning stage. Following a city-wide review of project designs, the suspension was ordered because the buildings reportedly violated draft zoning regulations. However, the draft in question has yet […]

Yangon high-rise review divides officials

  The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction. Daw Sandar Min, who heads the regional Finance, Planning and Economic Committee, said developers had suffered “enormous […]

Yangon high-rise review will cause bankruptcies, developers say

Twelve developers ordered by the government to reduce the scale of their high-rise residential projects in Yangon said yesterday that the review – which includes a total of 185 projects – could cause up to US$6 billion in losses and force many companies out of business. The developers held a joint press conference in Yangon […]

Official defends Yangon high-rise review as more results due

A member of the Yangon high-rise inspection committee charged with a city-wide review of high-rise projects has defended the controversial inspections, saying they are a “one off”, as developers brace for the second batch of results to be released tomorrow. Following a two-month blanket suspension on construction at all projects with nine floors or more, the committee released […]

Myanma Posts and Telecommuntions (MPT) completes over 500 towers in Mandalay region

Myanma Posts and Telecommunications (MPT) has built over 500 telecoms towers in Mandalay Region in 2015, officials told media in the country’s second-largest city last week. The state-owned operator had just over 200 towers in the region until 2014, but has fast-tracked construction to compete with international operators Telenor and Ooredoo. The two foreign telcos […]

Tax department admits error over public disclosure

The Internal Revenue Department (IRD) has publically disclosed the names more than 10,000 local businesses guilty of tax evasion in the 2012-13 fiscal year though the government agency now admits that some of those listed were made in error, said an official. The list, which was published on the IRD website on March 6, includes […]

Shadow of Decade-old Bank Crisis Looms over Credit Card Plans

In a world where modern banking services are almost universal, few things shout “economic backwater” quite like the absence of ATMs and credit cards. These days, even Myanmar—which was for decades one of the world’s most economically isolated countries—has a handful of ATMs in major urban centers, providing the sort of convenience that most of […]