Yangon government urged to rein in proliferation of illegal massage parlours

Members of Parliament have urged the Yangon Region government to set clear regulations on opening massage parlours as well as bars and karaoke lounges in hotels and other commercial outlets in Yangon. During a parliament session last week, MPs raised questions on the licensing procedures and controls in place on running such establishments. They also […]

Yangon to focus on construction of deep sea port, new SEZ

At the Yangon Investment Forum yesterday, Chief Minister U Phyo Min Thein said the Yangon Regional Government will prioritise the construction of a new deep sea port and Special Economic Zone (SEZ) in the city. Once complete, the port and SEZ will help expand trade and encourage the inflow of foreign currencies, he said. Some […]

Fate of Yangon Water Bus depends on public

The success of Yangon Water Bus solely rests on whether the public uses it, said U Maung Aung, secretary of the Yangon Region Transport Authority Group (YRTA). The first phase of the implementation of Yangon Water Bus started on October 7. It is operated by Tint Tint Myanmar Company following a three-month delay due to […]

Inland Port Project to be Implemented in Hlaing Tharyar Township

Yangon Regional Government is planning to implement an inland port in Hlaingtharyar Township to streamline transportation of goods using waterways. The project is being planned near the Nge Pin Le industrial zone and A Le village in Hlaingtharyar Township, but the regional government has not mentioned a proposed completion date. The project is called the […]

Yangon works with China to lay down development plan for new city project

New Yangon Development Company (NYDC) on Monday signed a framework agreement with China Communications Construction Company (CCCC) under which the two parties will carry out the necessary surveys and studies needed to develop and implement a new city in Yangon. NYDC is backed by the Yangon Regional Government, while CCCC is one of the largest […]

Yangon focuses on creating growth opportunities, raising living standards

The Yangon Regional Government is drawing up a master plan with the aid of the Japanese International Cooperation Agency and Korea International Cooperation Agency to transform Yangon into an economic hub with job and business opportunities for residents and investors, according to a report on the government’s performance by state-owned media yesterday. Topping the list […]

MPU cards, Visa and MasterCard credit cards to be enabled under YPS

Bank account holders will be able to use their ATM cards as prepaid cards under the Yangon Payment Services (YPS) scheme, said Yangon Chief Minister U Phyo Min Thein. The Yangon Regional Government is currently in the process of awarding the contract to implement YPS to one of two companies: Anypay Payment Services or Asia […]

Yangon to tighten security during Thingyan Festival celebrations

Police will increase security during the Mahar Thingyan Festival to ensure the smooth celebration of the event, the Mahar Thingyan Festival Security and Regulation Committee said. “We will improve the security; it will be better than in previous years. In addition to crowded places, police will try to patrol around the business pavilions,” said Police […]

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 […]

Developers Urge Government to Temporarily Reduce Tax to 5 percent

During a meeting with the Yangon Regional government held at MCC on February 17, construction developers urged the government to temporarily reduce the commercial tax from 30 percent to 5 percent for a period of two years. The Myanmar Licensed Contractors Association welcomed the income tax reduction in the Union Tax bill 2018, and supported […]