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Yangon govt seeks parliament approval for K8B road project

The Yangon government has asked the regional parliament to allow it to use K8 billion (US$5.25 million) of the money meant for construction of pedestrian bridges and investment in foreign banks for road development instead. Regional Minister for Planning and Finance U Myint Thaung submitted the proposal to the Yangon Parliament on Tuesday. “These projects […]

Yangon tax rates and fines under scrutiny

According to the 2018 Yangon taxation law, the Yangon City Development Committee (YCDC) will cease its collection of taxes or fines for illegal use of public space starting from this fiscal year, U Myint Thaung, regional minister of planning and finance said at the Yangon Parliament last week. In Yangon, because of space constraints, companies, […]

Price, quality of domestic petrol and diesel under scrutiny in Yangon

Private petrol stations in Yangon are selling around 270,000 gallons of petrol and 150,000 gallons of diesel at spot prices on a daily basis, U Han Htoon, Minister of Agriculture, Livestock, Forestry and Energy said in the Yangon Parliament this week. Concerns over higher petrol and diesel prices are rising as global oil prices have […]

YCDC investigates long building constructions delays in Yangon

YCDC is investigating long delays in the construction of buildings in Yangon Region and the reasons behind unreasonable delays, said Yangon Mayor U Maung Maung Soe on Monday at the Yangon Parliament. The construction of many buildings in the region has been suspended for several years, according to MP U Yan Aung from Mingalar Taung […]

Squatters may be a problem during Yangon Railway Station upgrade

Problems in relocating thousands of squatters occupying the Yangon Railway Station’s existing premises are expected to arise as upgrades and construction take place in the area over the next eight years. The mixed development project will involve the construction of 27 new buildings including office towers, condominiums, hotels, serviced apartments, a public park and museum. […]