Local plastics recycling firm receives funding

Yangon-based investment advisory firm, Andaman Capital Partners, has invested into a local plastics recycling start-up. Andaman Capital has injected a mid-six digit figure in Myanmar Recycles, which will help the start-up to expand its business. The actual sum was not disclosed. “The funding will be used to acquire more recycling equipment that will significantly lift […]

Rents raised for shops in Yangon’s parks

The rent for shoplots located in Yangon’s parks and garden have increased based on the market price assessed by the new government, a senior Yangon official said. U Ko Ko Lin, head of the Yangon City Development Committee’s Playgrounds, Parks and Gardens Department, said the increase was to reflect the existing market price of properties […]

YCDC has revised land lease rates upwards in line with market price: Yangon Mayor

The rent on Yangon City Development Committee’s land has been raised during the incumbent government’s term, said Yangon Mayor U Maung Maung Soe. “The land lease rates have increased in line with the market price. It is a fold increase,” he said. Yangon Region Auditor General Daw Khin Than Hla told the regional Hluttaw on […]

Land in Myaungtagar Zone, Phase 1 plots put on sale; committee sorting land types

As part of the sale of land announced by the Yangon Region Government for setting up industrial businesses and public housing, plots of land in the Myaungtagar Industrial Zone went under the hammer along with plots identified for Phase 1 of the sale, said U Than, joint secretary of the Yangon City Development Committee (YCDC). […]

YCDC cracks down on unauthorized buildings

Legal action is being taken against buildings constructed without permission in Yangon Region, said U Win Myint Than, committee member-7, Yangon City Development Committee (YCDC). “Relating to the construction of buildings without erection of green signboards, the elected Township municipal chairman, YCDC representative (EO), in his capacity as secretary, and two other members checked such […]

Final round of bidding for Yangon parking system

The Yangon City Development Committee (YCDC) is preparing for a final tender on November 29 for the implementation of a smart-parking system in Yangon. U Lin Khaing, secretary of the YCDC’s road and bridge subcommittee said the final tender will take place this month for the parking system in six of Yangon’s townships. It is […]

YCDC to remove fibre cables of unregistered installation companies

Unregistered fibre lines which have been installed without permission on lampposts in Yangon Region will be removed, said U Lin Khaing, head of the Engineering Department (Roads and Bridges) of the Yangon City Development Committee (YCDC). According to the YCDC, only 23 companies have been approved and registered to install the fibre lines in Yangon […]

Parking Fees to Be Reintroduced in Myanmar’s Biggest City, Yangon

YANGON—The Yangon municipal administration plans to reintroduce parking fees in six downtown townships of the country’s commercial capital after installing “smart” car parks. The Yangon City Development Committee (YCDC) announced at a regular press conference on Nov. 18 that it is currently evaluating six bids submitted by companies in response to a request for tenders […]

Yangon Orders Closure of Unlicensed Luxury Spa in Myanmar’s Historic Secretariat

YANGON—A newly-opened deluxe spa at Yangon’s Secretariat will have to be closed because it has no operating license, according to the Yangon City Development Committee (YCDC). “We have not officially issued a business license to the spa at the Secretariat. As it is operating without a license, it has to be closed,” U Than, the […]

YCDC launches stray-dog clearance operations in four townships

The Yangon City Development Committee (YCDC) is conducting stray dog clearance operations in four townships as a pilot project once a week, said U Min Aung from the Livestock Breeding and Veterinary Department. The project is being carried out in Lanmadaw, Latha, Kyauktada and Pabedan townships and they expect that these townships will be free […]