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 […]

YBS Reform in the Pipeline

​​ One month after the Yangon Bus System started, the Yangon chief minister warned bus owners and drivers that they must follow the instructions of the government. Those who violate the rules would be eased out, said U Phyo Min Thein on February 17. The YBS, a new public transport system, commenced on January 16 […]

Yangon Waterfront to be developed into Lifestyle Hub

​​ The Yangon Region government is planning a range of measures to make Yangon more livable, including developing the waterfront into public space and moving vendors onto quieter side streets and into planned ‘hawker centres’. U Phyo Min Thein, Yangon Chief Minister, said last week that the government was planning to improve the Yangon river […]

YESC Stepping in to Provide Electricity

​​ Yangon Electricity Supply Corporation (YESC) has pledged to support the electricity infrastructure for developers in Yangon. On August 12 last year, the YESC announced that all developers applying for a Building Completion Certificate (BCC) from Yangon City Development Committee (YCDC) would need to determine whether or not the building required the installation of a […]

Danyingone Market Developer Launches Share Sale

​​ Trading on the Yangon Stock Exchange may be lacklustre, but there is still demand for shares in over-the-counter markets for the right firms. Myanmar Agro Exchange Public Company, a food market and supply chain firm partly owned by local tycoon U Win Aung, is in the process of a share sale and says it […]

Gold industry hopes to see central market in 2017

Gold industry figures are hoping this will be the year when plans for a central gold market finally come to fruition, although fundamental decisions about the project have yet to be made. U Kyaw Win, general secretary of Myanmar Gold Entrepreneurs Association, said he hopes to see a Yangon-based central gold market established in 2017. […]

Myanmar courting global producers

The Myanmar authorities have sped up efforts in recent months to increase the country’s attractiveness for global manufacturers. The latest move was revealed in September by the Myanmar Investment Commission (MIC) and concerns the move to allow local and foreign investors into industrial zones across the country. This follows requests by companies from Hong Kong […]