By Nyein Nyein Thailand-based Makro company will open its first Makro Myanmar store in March in Yangon, said U Thant Sin Lwin, Director-General of the Directorate of Investment and Company Administration (DICA). “The store business, which will get 100-per cent foreign direct investment from Thailand-based Makro company, will come up in Mingala Taung Nyunt Township […]
Yangon Launches Free Ferry Service to Remote Andaman Sea Island
January 27, 2020 by
By MYO PA PA SAN 22 January 2020 Yangon – The Yangon Region Transport Authority (YRTA) on Tuesday launched its ferry service between Yangon and the remote Cocokyun Township islands in the Andaman Sea. The ferry service is mainly intended for social development and government staff working on Coco Island, Yangon Region Chief Minister U […]
Yangon city disagrees with criticism of park rentals
January 23, 2020 by
Yangon city officials dispute the findings of the region’s Accountant General’s Office for fiscal year 2017-2018, which said guidelines had not been followed in collecting rental fees at public parks. The Accountant General’s Office questioned the Yangon City Development Committee (YCDC) about rents at public parks and the use of city money. It said 138 […]
Yangon Bus Service turns three years old
January 23, 2020 by
Yangon Bus Service (YBS), the major provider of public transport to Yangon’s inner-city commuters, turns three years old this January. The service first introduced its fleet of modern, imported buses in 2017. But three years on, are passengers happy with their services? Amid growing public criticism, U Maung Aung, secretary of the Yangon Region Transport […]
Yangon starts shipping services to Coco Island
January 23, 2020 by
Yangon started on Tuesday cargo and passenger shipping services to the remote Coco Islands, over 400 kilometres south of Myanmar’s economic capital. The Yangon Region Transport Authority will be operating the ferry service that will run once a month. The estimated travel time is 40 hours one way. “We provide this route for the convenience […]
KBZ takes Yangon port operator to court over massive debts
January 23, 2020 by
KBZ Bank is suing the owner of Myanmar Industrial Port over alleged unpaid debts of more than US$200 million, in a case that is symptomatic of the problems facing the country’s leading banks as they seek to resolve legacy non-performing loans. By THOMAS KEAN and KYAW LIN HTOON | FRONTIER The country’s largest private bank, […]
Confusion over taxes for Yangon jewellery fair
January 22, 2020 by
The amount of taxes on sales transactions during the recently concluded Third Yangon International Gems and Jewellery Fair have yet to be determined, officials said. Several days after the conclusion of the fair, the relevant authorities still have not agreed on the taxes for certain transactions,” Daw Myint Thet Naing, vice chair of the Yangon […]
China’s 9 Air starts direct flights between Yangon and Haikou city
January 22, 2020 by
China’s 9 Air airline began offering three flights a week from Yangon to Haikou, the capital and main transportation hub of Hainan province, on Sunday. The low-cost airline, a subsidiary of Juneyao Airlines, will offer flights between the two cities on Wednesday, Friday and Sunday. Thirty-seven international airlines offer flights to 38 destinations at Yangon […]
Thousands of Myanmar workers rally for higher minimum wage
January 21, 2020 by
Thousands of workers in Yangon on Sunday took to the streets to demand an increase in the minimum wage to K9800 ($6.66) ahead of the review of the country’s new minimum wage law. Ko Thwin Aung, chair of Myan Mhu garment workers union, said the current minimum wage of 4800 is below the cost of […]
Yangon to Cancel Self-help Electrification Programs
January 21, 2020 by
All self-help electrification programs in Yangon Region will be canceled, given that the regional government is carrying out its plan to provide electricity access to all villages, according to Yangon Chief Minister U Phyo Min Thein. “Village electrification committees are working for their own influence and power. We found out that some of the committees […]
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