Banks in Myanmar will adopt UnionPay Chip Card standard

The Myanmar Payment Union (MPU) and UnionPay International (UPI) have collaborated to implement a common UnionPay chip card standard in the country. The UnionPay chip card standard complies with the global EMV chip card standard, and will be adopted by all banks operating in Myanmar. The UnionPay chip card standard emerged as the standard of […]

Mandalay’s Chanmyashwepyi Bus Terminal to be upgraded

MANDALAY City Development Committee plans to improve the Chanmyashwepyi (Kywesekan) Bus Terminal located about 10 km (8 miles) central Mandalay, before the end of this year. The M-development Corporation Myanmar will improve the 14.2-acre bus terminal through the Build, Operate and Transfer (BOT) system. The project will start after an agreement is signed between the […]

Water express tender imminent

The Yangon Region government will call a tender before the end of this month for private companies interested in providing river transport services, U Maung Aung, secretary of the Yangon Region Transport Authority (YRTA), said. The regional government’s chief minister U Phyo Min Thein announced atransport reform initiative covering roads, railways and waterways in July. The […]

Contractors association bands together with YCDC grievances

Over 500 of Yangon’s licensed building contractors met last week to debate forming an industry association, which will have a long list of policy complaints to take to Yangon City Development Committee. The city’s contractors are banding together partly in anticipation of new YCDC regulations, and believe an industry association will make it easier for them […]

Yangon to develop river transport express system

The Yangon Region government is planning to build a river express system for passengers – part of fundamental transport reforms that government officials hope will bring a new wave of industrial goods and commuters onto the country’s waterways. Myanmar is unique in Southeast Asia in boasting waterways – primarily the Ayeyarwady and Chindwin rivers – […]

Mandalay marble miners protest planned wildlife sanctuary

Marble miners have hit back against a bid to establish a wildlife sanctuary that they say could close down one of the country’s major export industries. The Yatkansintaung religious association is advocating for quarries to be closed and replaced by a wildlife reserve, while the Myanmar Federation of Mining Associations (MFMA) says the mines in […]

YCDC issues stern warning to developers on unpaid tax

Pay your taxes – or we won’t certify that your building is complete, Yangon city officials are telling developers. On completion of a building, Yangon City Development Committee (YCDC) issues a building completion certificate (BCC), which allows tenants to inhabit the property. But some developers have been complaining of delays in issuing the certificates. U […]

MCDC orders land owners to build homes

Mandalay City Development Committee has given the owners of undeveloped plots in the city until the end of this year to build a house on the land or face having it confiscated. MCDC said the radical order, announced in the state-run Mandalay newspaper on January 28, had been introduced because it says vacant plots “slow […]