Foreign Firms May Be Allowed to Join Myanmar E-Lottery Business

A stamp-duty amendment and government lottery bills that would open the e-lottery business to all were submitted to Pyidaungsu Hluttaw on July 14. The government lottery has been operating since 1938 under orders and instructions without a proper law, thus a government lottery bill had to be drafted and submitted, Minister for Planning and Finance […]

Bidding for Waste-to-Energy Plant Soon

The next energy plant which can recycle all waste and rubbish produced in Yangon will be built after calling for tenders, according to Dr Aung Myint Maw, Assistant Chief Engineer, Pollution Control and Cleansing Department of Yangon City Development Committee (YCDC). The cost for building the plant was equally shared by both governments while the […]

Myanmar to Invite Private Companies to Build Pedestrian Overpasses in Yangon

YANGON, June 22 (Xinhua) — The Yangon municipal authorities will invite private companies to build pedestrian overpasses in the former capital city this fiscal year, official media reported Thursday. Previously, overpass bridges were constructed by the Yangon City Development Committee (YCDC), but starting this year such projects will be transferred to private entrepreneurs through tender […]

Lagunpyin Project to supply 40 million gallons of water to eastern district

Lagunpyin water supply project has a target to supply 40million gallons of water per day to townships of eastern part in Yangon and Thilawa Special Economic Zone, according to Yangon City Development Committee (YCDC). The project was launched in 2013 by Yangon City Development Committee-YCDC, Directorate of Water Resources and Improvement of River System and […]

Yangon to Spend $100m on Drainage

Yangon Region’s government has drafted a plant to repair drainage and take flood prevention measures with US$100 million granted by the World Bank, said Chief Minister Phyo Min Thein yesterday. He told a press conference: “The WB has agreed to loan US$125 million. US$100 million will be spent repairing platforms and drainage. In addition, JCT […]

Runaway Rubbish Threatens to Overwhelm Yangon

Yangon generates about 2800 tonnes of rubbish daily and this waste now poses a very real threat during the monsoon season as it chokes drainage, which is a major cause of flooding in the city. A myriad of woes – from waste management, shortage of recycling facilities, urban population growth and a lack of awareness […]

Over 1900 Unresolved Land Cases inYangon

There are more than a thousand unresolved cases of land seizure in Yangon so far under the NLD government, according to the committee appointed to oversee disputes involving such seizures. U Than Myint, secretary of the committee said, “All 1905 land seizure cases in Yangon are not yet resolved under the NLD government. “About 59 cases have reached the […]

Mayor Says Yangon Lacks Funds for Flood Works, Awaits $125m Loan

Yangon is unable to implement large-scale flood mitigation strategies due to a lack of funds, and heavy downpours during the monsoon season are causing havoc for the city’s nearly 5 million people. The Yangon City Development Committee said that flood mitigation work would start as soon as they get a US$125 million (K169.3 billion) loan […]

Rental: The Key to Myanmar’s Real Estate Sector

With the current market situation, the purchase of completed units can be an asset for an early rental and return of investment. Rental can be one of the encouraging reasons for investors to purchase assets in real estate market in Myanmar. According to the Myanmar Real Estate Services Association, rentals in Yangon are very active […]

Parkland projects suspended pending plan

Yangon Mayor U Maung Maung Soe told the regional parliament yesterday that the YCDC was drafting a master plan and they would only allow projects to be carried out after it is drafted. “Some companies have requested us to draft the master plan as soon as possible. The buildings must be located 30 feet away […]