Yangon-Dalla Bridge project to start soon

The stake-driving ceremony of Yangon-Dalla Bridge will be held in December 23, and the construction of the bridge will start in January next year, according to the press conference by the Construction Ministry in Dalla Township in Yangon on November 24. Kyaw Kaung Cho, deputy director general of Bridge Department at the Construction Ministry said: […]

Yangon Govt to Clear Squatters from Main Roads

YANGON — The Yangon Region government will take legal action against those who squat or do business without permission on main roads in Yangon. In response to a question by Twante Township lawmaker U Ne Naing Oo at the regional Parliament on Tuesday about the government’s response to squatters on main roads, regional electricity, industry […]

Bago Region’s tax revenue relies on excise, fishery and property taxes

Bago Region relies heavily on excise, fishery and property taxes as regional tax revenue, while its construction ministry spends 39 percent of the budget, mainly on road improvement. Bago government revenues have increased more than 150pc since 2013 while the grant transfer from the Union government to the region has grown more than 290pc in […]

Ministry to take US$80 million loan from ADB

Deputy Minister for Construction Kyaw Lin has submitted a proposal to take a US$80-million (107.38 billion kyat) loan from the Asian Development Bank for the water supply and garbage collection projects in Mawlamyine and Hpa-An, he said at a session of the Union parliament on February 22. The ministry will request loans from the ADB […]

Govt to Inform Parliament of Start of Yangon New Town Plan

Yangon is creating a southwest development plan for Dala, Seikkyi Kanaungto and Hlaingthaya townships, while the Construction Ministry has agreed to negotiate a starting date with the Yangon regional government and inform parliament of the outcome, deputy minister Kyaw Tin told parliament on November 1. The Department of Human Settlement and Housing Development drew up […]

KB Kookmin Bank signs MOU with Myanmar’s Construction and Housing Development Bank

SEOUL, Feb. 17 (Yonhap) — KB Kookmin Bank, a major South Korean bank, has signed a memorandum of understanding with Myanmar’s Construction Ministry and its state-run Construction and Housing Development Bank, KB Financial Group said Friday. Under the deal, KB Kookmin Bank plans to provide financial support to Myanmar’s plan to expand houses for its […]

Applications for public rental housing to open in February

The Yangon Region government will start accepting applications in February for public rental housing for people who cannot afford to buy homes, according to Kyaw Soe, the regional minister for forestry and energy. At the special session of the Yangon Region parliament yesterday, the regional minister replied to a question raised by Dr Nyo Nyo […]

Licences to be issued at SEZs

Licences to invest in Myanmar special economic zones will soon be issued at One-Stop Service Centres within the zones. According to the special economic zone by-law, this provision is being introduced for the convenience of investors. One-Stop Services Centres in SEZs will provide services such as company registration, visa application, labour registration and import and […]