Myanmar devises roadmap for expansion of Yangon city

YANGON, June 24 (Xinhua) — Myanmar’s Yangon regional government has formed a new firm to draw up a roadmap to undertake expansion of the financial center to make it a business-friendly and livable city. The first and second phases of the huge project of the New Yangon City Development Company (NYCDC), which is fully owned […]

Myanmar’s Historical High School Awarded as Heritage Building

​ YANGON, Jan. 22 (Xinhua) — The over a century-old Basic Education High School (BEHS) No.-1, Dagon in Myanmar’s former capital of Yangon has been awarded a blue plaque to be marked as an ever-memorial heritage building by the Yangon Heritage Trust, according to the education authorities Monday. The historical school is known as having […]

Local shrimp market shrinking on falling US demand

As the US has stopped buying wild shrimp, the local market for shrimp is shrinking, U Hnin Oo, deputy chair of Myanmar Shrimp Association, told The Myanmar Times. In the past, Myanmar exported both wild and farmed shrimp to the US, EU as well as its neighbours in ASEAN. However, the US has said that […]

Yangon Water Bus launched to the delight of commuters

Photo courtesty of Tint Tint Myanmar The Yangon Water Bus system was opened to the public on 6 October and began operating on 8 October amid a large number of interested citizens. At the opening ceremony of the YWB, Yangon Region Chief Minister U Phyo Min Thein said the water bus system will slightly decrease […]

Yangon CM urges businesses to help rebuild Rakhine

Yangon Region Chief Minister U Phyo Min Thein has called on the business community to rehabilitate the trouble-prone Rakhine State’s economy, which is under international scrutiny due to unrest. During his address to the Union of Myanmar Federation of Chamber and Commerce (UMFCCI) members on October 7, he told business owners to cooperate to help […]

Water Bus to launch on 7 October 2017

a href=”https://youtu.be/pCvYiQYDHcE” target=”_blank”> AFTER a four-month delay, the new water taxi system is going to officially run on October 7, said Ko Tun Naing Lin, a spokesperson of Tint Tint Myanmar Company. The press conference for the water taxi was held in last May with hopes for the route to start in early June. But […]

Minimum wage war in Myanmar

Factory owners are under pressure to raise worker wages but any dramatic rise could discourage foreign brands from investing in the low-cost nation When Myanmar passed its first minimum wage in September 2015, the legislation was widely hailed as a landmark achievement for labor rights and clear sign the country was firmly on the path […]

Reducing Low-Cost Housing Instalment in The Works

Discussions are ongoing to reduce the initial 30-percent requirement to 20pc for low-cost housing instalments, said U Win Zaw, managing director of the Construction and Housing Development Bank. “We started discussing the amount for down payments which a buyer has to pay. We are trying to reduce it to 20pc and to get finance for long-term loans. If lenders can give […]

Myanmar to buy over 1,000 buses from China to reinforce transport strength

Myanmar’s Yangon regional government had entered a contract with Chinese Yutong company for buying over 1,000 buses to supply Yangon Bus Services System, official media reported Saturday. The buses will arrive next month and run on Yangon Bus line, an official of Yangon Region Transport Authority was quoted as saying. Yangon Region Chief Minister U […]

Will Government Meet Target on Low-Cost Housing?

Under the previous government, the construction of low-cost apartments failed to reach its target. With the new government, we have to wait and see whether or not the specified numbers of low-cost apartments can be built in time. The previous administration had claimed that they were going to complete the construction of one million apartments […]