Yangon to Upgrade Markets With PPP System

The Yangon Region government is going to install 21 markets with a public-private partnership (PPP) system, according to U Myint Thaung, the regional minister for planning and finance. “The regional government has planned to upgrade markets under YCDC that will use a PPP system rather than the government’s budget. There are 21 markets which will […]

Rangoon Lawmakers Demand Action from Officials Over Lost Billions in Business Dealings

RANGOON — Rangoon Parliament’s bill and public accounts committees on Wednesday urged the regional government to take action against officials responsible for billion kyat losses in state-private joint ventures under the previous government. Parliamentarians discussed joint venture projects that favored certain companies by offering reduced leases on government land and other mismanagement following the committees’ reviews of […]

Redrafting of Municipal Law Underway

Yangon Mayor Maung Maung Soe told Mizzima that they were redrafting the Municipal Law, which has weaknesses, with the assistance of Singaporean legal experts. “It is really shameful. This new Municipal Law is not as good and comprehensive as the law enacted in 1922,” he said, referring to the legislation brought in under British colonial […]

Avoid Loss of Foreign Investments: Report

The Yangon Region Finance, Planning and Economic Committee has sent its yearly report to the regional parliament, urging for action to be taken in order to avoid the loss of foreign investments. Committee chair Daw Sandar Min said the regional government must put emphasis on issues that could affect investments and the economy. Among the […]

First Phase of New Danyinkone Wholesale Market to Open in May

Yangon: The first phase of the new Danyinkone wholesale market will be opened in the second week of May, Thaung Tin, deputy head of the markets department under Yangon City Development Committee (YCDC), said on Monday. The new market is set on an 80-acre space developed by a public company in cooperation with the YCDC. […]

Yangon Government to Privatise Running of Golf Driving Ranges, Toll Booths

Yangon’s munici­pal authorities are planning to invite bids from companies to run 43 state-owned enter­prises in the hope of mak­ing them more efficient, government media has reported. The enterprises include the collection of road tolls fees, the operation of public toilets at markets, aquatic feedstuff busi­nesses and golf driving ranges, an official from the Yangon […]

Number of Business Licenses Soaring

​​ Yangon Mayor Maung Maung Soe said the number of business licenses issued by Yangon City Development Committee has reached over 43,000, at the Yangon region parliament yesterday. He replied to the question raised by MP Aye Aye Mar representing Lanmadaw township constituency-1 over the number of small and medium-sized enterprises, the region government’s measures […]

Rangoon Mayor Announces Regional Plans to Ease Guesthouse Restrictions

​​ RANGOON ¬– The Rangoon divisional government plans to relax restrictions on guesthouses and hostels, according to Rangoon mayor U Maung Maung Soe, yet Union laws barring international visitors from staying in such establishments remain intact. U Maung Maung Soe said that in April, the divisional government would amend the 2013 municipal law which sets […]

New Condo Launches in Yangon Ground to a Halt Last Year

​​ Developers failed to launch a single new condo project in Yangon in the second half of 2016, as developers went ‘back to the draw­ing board’ in response to weak sales, the real estate firm Colliers Internation­al has said in an update. It followed a ‘significant’ drop in new sales launch­es in the first half […]

Heritage Preservation Potential Boost for Tourism

​​ On March 1, Yangon Chief Minister U Phyo Min Thein posted a clip on Facebook saying that the regional government is preserving around 200 heritage buildings in Yangon. “We are preserving heritage buildings in Yangon numbering about 200 buildings … We also plan to preserve and renovate … the old Ministry of Hotels and […]