Myanmar is betting on its industrial and special economic zones (SEZ) to draw foreign direct investments (FDI) and local economists say this strategy could also help it solve the conflict in the country’s poorest regions. “If we can implement the Kyaukphyu SEZ project, we can overcome the Rakhine crisis. Also, armed groups like the Arakan […]
YCDC official says unutilised industrial land could be appropriated
October 1, 2019 by
No businesses have been set up on some 40 percent of the land designated as industrial zones in Yangon and action will be taken to rectify the matter, say city officials Yangon City Development Committee Associate Secretary U Than said that unused land would be appropriated in a press conference on Monday. “While some 60pc […]
Myanmar, Korea sign MoUs on preliminary survey of Dala New City Project and housing finance
September 11, 2019 by
Myanmar and South Korea have signed a memorandum of understanding on the preliminary survey of the Dala New City Project and an MoU on financial cooperation in the real estate sector, according to the Korea-Myanmar business forum held at the Lotte Hotel in Yangon on September 4. “As we launch Korea-Myanmar Industrial Complex (KMIC) and […]
Myanmar initiates low-cost housing for squatters in Yangon
August 30, 2019 by
Myanmar’s Yangon regional government has initiated a project of developing apartments on state-owned land to tackle the issue of squatters and the project will be implemented in September, according to the office of the regional government on Wednesday. “The regional government will offer a long term installment payment plan to squatters to help them purchase […]
Industrial zones in Yangon get upgrades
July 3, 2019 by
The region government has started working to upgrade 29 industrial zones, Yangon Region Chief Minister U Phyo Min Thein said at a press conference held at the Office of Yangon Region Government on June 29. Yangon region has 29 industrial zones and Thilawa Special Economic Zone which is jointly operated by Japan and Myanmar. The […]
New industrial zone proposed northwest of Yangon
May 7, 2019 by
Golden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced. The creation of the industrial zone is expected to require investments totaling US$500 […]
RecyGlo cleans up in recycling
March 15, 2019 by
Coloured waste bins line the walls of RecyGlo’s office in Yangon. Blue is for paper, red for plastic, green for aluminium and black for general waste. The waste is being separated for recycling. “If the plastic, glass and cans that we discard daily are not systematically sorted, recycled and reused, it will have an impact […]
Future Yangon as a town encircled by industrial zones: Chief Minister
February 19, 2019 by
The regional government is planning to build Yangon as a town circled by industrial zones and in the future, a big circular shaped city emerge, said Yangon Region Chief Minister Phyo Min Thein in a ceremony to open Hmawby-Taikkyi road, a portion of Yangon-Pyay Road held on February 10. The opening ceremony was attended by […]
