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Up to 70 per cent of vehicles used in Yangon are personal vehicles: Yangon Chief

Up to 70 per cent of vehicles running in Yangon are owned by individuals and is the largest contributor to traffic jams, said Yangon region chief minister Phyo Min Thein. “Only 30 percent of vehicles running in Yangon are used for public transportation. Upgrading the public transport system will reduce individual use of car in […]

Investments in low-cost housing projects are a bit huge: Yangon Chief Minister

Local entrepreneurs are not in a position to invest in the low-cost housing projects to be developed for around 150,000 squatters in Yangon as the capital investment is a bit huge, Yangon Region Chief Minister Phyo Min Thein said at Yangon Investment Forum 2018 held at the Union of Myanmar Federation of Chambers of Commerce […]

Yangon chief ministers lay outs plan to improve fish farming

The government will cooperate with Myanmar Fisheries Federation (MFF) in reforming the current fish farming system in fishery sector, said Yangon Region chief minister Phyo Min Thein. He blamed little profit for results from conventional farming and called for better services in transporting fishery products through cold storage factories. The chief minister said the government […]

Vacant plots in two Yangon-area industrial zones to be leased out

Some of the vacant land plots in Hlaingtharyar Industrial Zone-3 and Shwepyithar Industrial Zone-1 will be leased out to local and foreign investors in dollars, according to the Urban and Housing Development Department. The department will lease 3.5 acres of land in the Hlaingtharyar zone and 2.5 acres in the Shwepyithar zone. A supervisory committee […]

International community eyes investing in industrial zones in Yangon

The international community has shown interest in establishing industrial zones in Yangon Region, according to the Directorate of Investment and Company Administration (DICA). “A lot of foreign investors want to set up industrial parks,” said Than Aung Kyaw, deputy director general of DICA. During the 14th regular meeting between Vice President Myint Swe and local […]

Yangon Chief Minister Underscores Systematic Management of Industrial Zones

​​ Yangon Region Chief Minister Phyo Min Thein has stressed the need to systematically manage the industrial zones where warehouses and vacant land plots are subject to market speculation as an industrial supervision committee has been formed with regional ministers. The establishment of the supervision committee under the leadership of the ministers comes after management […]

Jade sales fetch nearly $300 million

Myanmar earned over US$290 million (389.8 billion kyat) from jade exports up to the first week of this month in 2017-2018 fiscal year. Sales were down by over $210 million compared to the same period of last FY, according to the Ministry of Commerce. Last year’s sales for the period were $404, compared to $291 […]

Yangon water bus services to be solved within one month: Chief Minister

Yangon Region Chief Minister Phyo Min Thein says it will fix the problems with the Yangon waterbus services within one month. “The most crucial point is to ensure the safety of people and fair transport cost. This is our first step,” said Phyo Min Thein. The current ticket fare for a single route is Ks300. […]

Actions to be Taken Against Sales of State-Owned Land

Actions will be taken against those who sell state-owned land in accordance with the law, said Yangon Region Chief Minister Phyo Min Thein at a press conference on the regional government’s first in office on June 9. “We face situations in which businessmen and land price manipulators buy land when there is a government project. […]

Yangon Chief Unveils Thingyan Strategy

Yangon Region Chief Minister Phyo Min Thein confirmed on March 24 that the government will be cracking down on several key issues related to Thingyan and increasing bus fares. Phyo Min Thein, at a press conference regarding the water festival, claimed that controversial issues such as commercial water pavilions, sky-rocketing travel costs, over consumption of alcohol, drug use as well as the hot […]