Myanmar calls for foreign housing investment

Win Khaing, Myanmar minister for construction, is inviting investors from other Asia-Pacific countries to back urban and housing development projects through private-public partnerships. He made the announncement at the ministerial conference on Asia-Pacific Housing and Urban Development in New Delhi. As of November, accumulated foreign investment in the real-estate sector has exceeded US$3.1 billion, which […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]

JICA Updates 2040 Plan for Yangon Development

​​ The Japan International Cooperation Agency (JICA) has handed over an updated version of its 2040 master plan for Yangon’s development to the region government, which is waiting until it has received a bevy of other plans from other agencies before deciding which recommendations to adopt. Yasushi Tanaka, the director general for JICA’s Southeast Asia […]

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 […]

Street Vendor Holdouts, YCDC on Crash Course Over Relocation Plan

​​ Tensions are mounting between Yangon City Development Committee and the commercial capital’s street vendors, as a small contingent refuses to move stalls from their locations on Anawrahta Road. Following a recently announced ban on street stalls on Yangon’s 11 busiest roads, YCDC staff have been travelling around the downtown area with loudspeakers, informing vendors that they […]

Yangon MPs Approve Pollution Proposal

​​ Yangon Region’s parliament yesterday approved a proposal calling for action to be taken against factories that pollute.  Five MPs discussed the proposal submitted by MP Kyaw Kyaw Tun of Hlaing township constituency no.1 on October 18.  In his proposal, Kyaw Kyaw Tun said there were many industrial zones and factories in Yangon and it was crucial for distilleries, cell battery and rubber factories to treat their waste water. Now rivers were polluted with waste. Distilleries were not the factories that produced essential goods but they were heavy polluters, the MP said.  […]

Taxi Count Needed Before Industry Reform

The Yangon Region Transport Authority (YRTA) is undertaking a taxi census, as it attempts to rein in the largely unregulated industry. YRTA secretary U Maung Aung said a formal, standardised registration process will begin once they have taken stock of the city’s fleet. At present, Yangon taxis are operated by private owners and subject to […]

Illegal massage parlours, Karaoke lounges not yet eliminated

The crackdown on illegal massage parlours and karaoke lounges will continue in the Yangon region, said Yangon regional minster for security and border affairs Colonel Tin Aung Tun. The colonel’s statement came in response to a query from a regional Hluttaw representative. “Does the government have plans to protect the young women working in all […]

Rangoon to Relocate Street Vendors

RANGOON— In an effort to manage the sprawl of street vendors on downtown Rangoon’s congested roads, the city’s municipal authority has designated three locations for vendors and expects to launch them next week, a senior official said. According to U Nyi Nyi Oo, deputy head of the Yangon City Development Committee’s (YCDC) administrative department, the […]

Mandalay to enforce new licence system on landlords

Would-be landlords in Mandalay city will have to apply for a licence starting next April as city authorities enforce a long-ignored by-law. Section 76 of MCDC Law states that operating a boarding house, guesthouse or renting out apartments requires a business licence. From the start of the coming fiscal year, MCDC officials will enforce this to […]