Construction and Real Estate Sectors Pin 2017 Hopes on New Legislation

​​ The construction sector will be glad to see the back of 2016 – a year in which a political transition, a high-rise review and a volatile currency conspired to leave many developers battered and bitter. But there were also signs of a fragile recovery in the real estate market, and new laws set to […]

Government Plans Monthly Meetings to Respond to Business Leaders

​​ RANGOON — Government leaders are planning to meet monthly with the local business community to listen to current problems and find solutions, Vice President U Myint Swe and National Planning and Finance Minister U Kyaw Win pledged last week. The first monthly meeting received a positive response. The vice president and finance minister met […]

USDP MP Urges Increase in Private Security Sector Training

In its first proposal to the Yangon Region Hluttaw, the Union Solidarity and Development Party called on the government to bolster the private security sector with better oversight and regulations. The proposal, submitted by MP U Tin Win (USDP; Cocokyun), the former regional minister for security and border affairs, asked the government to enact a […]

Military Officials, Cronies Released from US Blacklist

RANGOON — Burma’s former dictator Snr-Gen Than Shwe was among individuals removed from the US Treasury’s blacklist following the lifting of Burma sanctions on Friday. Another 16 senior military officials, including former Vice Snr-Gen Maung Aye, have been removed from the US Treasury’s Office of Foreign Asset’s Specially Designated Nationals and Blocked Persons (SDN) List. Apart from senior military officials, military-related businesses […]

Gangaw residents demand suspension bridge

About 200 residents of the town of Gangaw held a rally yesterday to demand the construction of a suspension bridge over the Myittha River to link their town to Zahaw Village. The rally was led by former MP Hla Swe, a member of the opposition Union Solidarity and Development Party. The suspension bridge project is […]

Old mindsets could impede Myanmar’s progress

Like most residents of Yangon, Hlaing Tint, a 37-year-old assistant lecturer, rides the bus daily. In this old capital of Myanmar, on the cusp of a new era, buses are usually crowded during rush hours, more so around the bus door. Yangonites love to stay close to the door for an easy exit, even though […]

NLD set to review ‘new city’ project

Within days of coming into office, Yangon Region’s new National League for Democracy-led government has started to flex its muscles over the proposed Southwest New City project. The regional administration has asked developers involved in the project to submitted detailed plans, while the NLD-dominated parliament has warned that it will be reviewed before it is […]

Canada announces $44M for democratic reform in Burma

Canada will provide $44 million to support democratic reform initiatives in Burma as the country transitions into its first civilian government in more than 50 years. Foreign Affairs Minister Stéphane Dion announced the funding via teleconference from Burma on Thursday morning, saying the money will go towards strengthening accountability through data analysis and better government management […]

Harnessing investment into Yangon’s development

The construction market has slowed considerably in Yangon over the past year but developers hope that good times for the industry will return under the new government. When the Union Solidarity and Development Party first took power, development boomed, with high-rises, flyovers, bridges and luxury condominiums built at speed, fuelled by both foreign and local investment. For the […]

Outgoing Government Gives Wharf Concession to Tycoon’s Shipping Firm

Burma’s Port Authority has awarded Kaung Myanmar Aung Shipping Co. Ltd. the right to develop a new area for cargo ships to dock on downtown Rangoon’s riverside, state media reports. The company is part of the sprawling KMA Group, which is headed by Burmese tycoon Khin Maung Aye, known to be close to outgoing President […]