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Hotel expansion continues in Yangon

More hotels are on the way in Myanmar’s commercial capital, Yangon, despite a sluggish tourism performance over the last two years due to the on-going Rohingya crisis. Developers at the luxury end of the market appear undeterred by the drop in European tourists believing business and luxury travel segments will continue to grow. But tour […]

Yangon govt to act against messy overhead cables

The Yangon Regional Government says it is going to take action against telecommunications companies for untidy telecom cables that crisscross roads and streets, Daw Nilar Kyaw, minister of electricity, industry, transportation and telecommunication said during the sitting of the regional assembly last Thursday. “We will be going to take action against the telecoms companies that […]

Army confiscates land plots including Mya Yeik Nyo Hotel from Zay Kabar Co.

Army confiscated land plots included in Yangon New World property project in Yangon region from Zay Kabar Company as the company failed to follow the agreements stated in the Memorandum of Agreement (MoA) signed between Quartermaster-General Office and the company, said Moe Min Win, Secretary of Office of Garrison Town Development Committee (Yangon) on October […]

MIH unveils Myanmar’s fastest fibre-optic Internet

Service provider Myanmar Information Highway (MIH) has introduced the country’s fastest fibre-optic Internet broadband for business, with 100-gigabit-per-second (Gbps) network capacity, covering 23 townships and major buildings in Yangon. Managing director Sunti Medhavikul said communication infrastructure was one of the keys to businesses success in the digital era. According to “Internetworldstat 2017”, Internet penetration Myanmar […]

Expression of Interest, Upgrading and Renovation of Yangon City Golf Course on BOT Basis. Submission Date: 28 Sep 2018.

1. The Yangon Region Government, Tender Committee invites the local and foreign companies to submit the Expression of Interest for Upgrading and Renovation of Yangon City Golf Course owned by Yangon City Development Committee on Build, Operate and Transfer (BOT) basis. Location of City Golf Course – Yangon Region, Insein Township, Ywama East Ward, 10 […]

29 industrial zones in Yangon Region to be handed over to YCDC

A total of 29 industrial zones will be placed under the control of Yangon City Development Committee (YCDC), said Yangon Chief Minister Phyo Min Thein. “There are a total of 29 industrial zones in Yangon Region. These industrial zones will have to be handed over to the YCDC. We are trying to upgrade regional facilities,” […]

Can the regional government manage both old and new Yangon?

The Yangon region government has come under flak since March, when it announced the launch of a new Yangon City project at the west bank of Yangon River. If and when the first phase of the US$5 billion development is complete, it will include five village townships, two bridges, 26km of artery roads, 10 sq […]

Lack of retail offerings in Myanmar yields growth opportunities for investors

Demand for retail space has been on the rise in Yangon, where the population has swelled and living standards are improving. Earlier this year, the government also permitted foreign ownership of local wholesalers and retailers and last month allowed businesses in the sector to trade in a total of 24 products. Ko Nay Min Thu, […]

Zay Kabar Company in row with squatters

Zay Kabar Company, a local conglomerate with interests in construction and telecommunications, will continue to take action against squatters who trespass on land which it has earmarked for development. On July 28, conflict arose between squatters and employees of Zay Kabar Company after the latter removed tents that were built on private land which had […]

Myanmar’s food sector being transformed by investment in production and sustainability measures

A cleaner production and higher sustainability project for Myanmar’s food and beverage industry is bringing much needed transformation. Tha Bar Wa, a four-year project, it is being implemented by the World Wid Fund for Nature (WWF), in partnership with the Myanmar Food Processors and Exporters Association (MFPEA) and Savings Banks Foundation for International Cooperation (SBFIC). […]