Yangon Gov’t Abused Its Power by Investing in Controversial New City Project: Lawmaker

The Yangon Regional government was accused of abusing its power by investing 10 billion kyats ($6.5 million) in a controversial new city project on the western bank of the Yangon River without the parliament’s prior approval. In March, the Yangon government launched New Yangon Development Company (NYDC) which is to be the developer of the […]

New Yangon City CEO Urges Gov’t to Act Quickly to Secure Chinese Investment

The CEO of the New Yangon City project said he believed the controversial project on the western bank of the Yangon River will be “a success” if Myanmar is able to take advantage of trade tensions between the U.S. and China and lure more foreign investors. “I believe we will succeed; now is the right […]