At the Yangon Investment Forum yesterday, Chief Minister U Phyo Min Thein said the Yangon Regional Government will prioritise the construction of a new deep sea port and Special Economic Zone (SEZ) in the city. Once complete, the port and SEZ will help expand trade and encourage the inflow of foreign currencies, he said. Some […]
Cocokyun, industrial zones in Yangon’s spotlight
September 27, 2017 by
THE development of Cocokyun township covering the islands in the northeastern Indian Ocean, as well as the flight and maritime access between the islands and the mainland, are included in Yangon Region’s plan, according to Chief Minister U Phyo Min Thein. Yangon Region will implement a three-year project which will focus mainly on the improvement […]
Korea-Backed Industrial Zone to Locate in Northern Yangon
June 24, 2017 by
South Korea and Myanmar have reached an agreement to establish an industrial zone in northern Yangon, and constructions will begin in early 2018, Daw Moe Thida, assistant director of the Department of Urban and Housing Development (DUHD), told The Myanmar Times on June 21. At Nyaung Na Pin township, the industrial complex project will have an estimated area of 570 acres. South Korea state-owned corporation, Korea Land & […]
MCEA to Start Affordable Housing Construction
June 21, 2017 by
The Myanmar Construction Entrepreneur Association (MCEA), in cooperation with the government, will start building affordable housing units for low-income earners within this year, a senior association official from the organisation said. “The government and the MCEA will start constructing affordable housings – namely public housings and rental housings – within this year. “The government will […]
Taxi service firms compete hard for Yangon’s customers
June 13, 2017 by
An aspect of Yangon’s modernisation is the entry and emergence of domestic and international transport operators, namely, Uber, Grab, Oway Ride and Hello Cab, to compete in the taxi service sector. Taxis are one of the commonly used modes of transport in the region, alongside commuter trains and public buses. But taxi service in the […]
Government Plans to Ship Fuel From Thilawa to Yangon in a Bid to Slash Transport Costs
June 1, 2017 by
The Yangon government has unveiled a proposal to begin transporting oil and petroleum products from Thilawa to Yangon via ship in a bid to reduce transportation costs incurred by consumers at the pump, a chief minister has said. Under the proposal small oil tankers, with a capacity of up to 3,000 tonnes, would load up […]
President’s Reserve Fund to Ensure Yangon Power Supply
April 25, 2017 by
The President’s Reserve Fund will be used to ensure there is sufficient electricity supply in Yangon in the coming summer, Chief Minister U Phyo Min Thein said. He announced this after a meeting among some Union ministers and entrepreneurs at the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) office on April […]
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