World Bank pumps in $100m to halt floods in Yangon

Yangon Region Minister U Phyo Min Thein said a study on how to address the floods in Yangon is ongoing, partly using the $100 million aid. Currently, drains in the Yangon City are becoming narrow and low amid increasing population and increasing rainfall, he said in a recent meeting with the vice president and the […]

Yangon New City Project to be Remodelled with Tower Blocks Included

The current New City project in Myanmar’s commercial capital will be remodelled to accommodate the city’s projected population growth and tower blocks will be part of the new plan, according to a Yangon Region minister. Daw Nilar Kyaw, the regional minister for electricity, industry and transportation, made the remarks on July 10 during a special […]

Yangon New City Project makes few adjustments

The Yangon New City Project will be carried out with collaboration from the World Bank, International Monetary Fund (IMF), International Finance Corporation (IFC) and foreign loans, said Yangon Region Minister for Electricity, Industry, Road and Communication Daw Nilar Kyaw at the 2nd Yangon Region Hluttaw meeting held on 10 July. The new city will be […]

Yangon Govt to Offer Low-Cost Housing to ‘Real’ Squatters

The Yangon Region government is in the process of arranging low-cost housing for “real squatters” in the commercial capital, Yangon’s security and border affairs minister told the regional legislature yesterday. He was responding to a question from lawmaker U Kyaw Zeya (NLD; Dagon 2), who asked why MPs had yet to be provided with follow-up […]

Myanmar mulls left-hand drive car law

YANGON (AFP) – Myanmar plans to make left-hand drive cars compulsory, state media reported Sunday, causing concern in a country where the vast majority of vehicles remain right-hand drive despite cars driving on the right. The law is an attempt to correct one of the more unusual legacies of decades of junta rule. More than […]

Yangon hotel room supply to double: minister

Yangon’s current stock of 9000 rooms is set to more than double in coming years, a regional government minister says. While the city has 190 licensed hotels with more than 9000 rooms, the government has granted permission for about 250 hotels with more than 20,000 rooms, Yangon Region Minister for Hotels and Tourism U Soe […]