The Yangon regional government has started providing substitute land to original landowners as compensation for land acquired for the New Yangon City Project on October 8. According to the previous agreement, landowners will retain 80 percent of the original land located within the project area with the remaining 20pc being compensated in Kyeemyindaing township. Phase […]
New members on New Yangon City project board of directors
October 1, 2019 by
Early this month, New Yangon Development Co (NYDC) Chief Executive Officer Serge Pun announced via that the Yangon Region government recently decided to reorganise theNYDC’s board of directors of. The announcement made on the NYDC’s website stated that new members had been appointed to the board. Yangon Deputy Mayor U Soe Lwin has assumed the […]
Details scarce on funding, planning for flood prevention at new Yangon city project farmers
September 23, 2019 by
Lying less than 5 meters above mean sea level, receiving a large amount of rainfall during the monsoon season and surrounded by waterways on three sides, the nearly 20,000-acres of land on the west bank of the Yangon River that lie directly across from Myanmar’s commercial capital were, until recently, never high on city planners’ […]
Myanmar tycoon Serge Pun joins panel in North Korea
August 15, 2019 by
Influential Myanmar tycoon Serge Pun, owner of one of Myanmar’s largest conglomerates, is currently in North Korea as part of an exchange program organized by the Singapore-based CHOSON Exchange, an organization that brings professionals from around the world to connect with North Korean university students, institutions and officials. Serge Pun’s Yoma Strategic Group, listed on […]
Silk Road sweeteners: China woos Myanmar’s NLD with junkets
August 14, 2019 by
The National League for Democracy was forged in an uprising against one-party rule. Its activists spent years in jail under Myanmar’s military junta. But since taking power three years ago, the party led by Nobel laureate Aung San Suu Kyi has found an unlikely ally – the Chinese Communist Party. The friendship has blossomed in […]
Myanmar offers tax exemption to entrepreneurs investing in new Yangon city project
March 5, 2019 by
YANGON, March 2 (Xinhua) — Myanmar is offering zone-wise tax exemption to entrepreneurs investing in a New Yangon City Project, aimed at attracting more investors to the city expansion project being implemented on lands to the west of Yangon River, according to the Myanmar Investment Commission Saturday. Those investing in Zone-1, which is least developed, […]
China’s top planning agency doubles down on Belt and Road collaboration
December 4, 2018 by
Ning Jizhe, vice chair of China’s top planning agency National Development and Reform Commission (NDRC), visited Myanmar from November 24 to 27. The visit is built on the consensus reached by State Counsellor Daw Aung San Suu Kyi and China’s leader Xi Jinping at the end of 2017, with regards to the China-Myanmar Economic Corridor […]
New Yangon City CEO Urges Gov’t to Act Quickly to Secure Chinese Investment
September 26, 2018 by
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 […]
Capital for NYDC are Deposited to Local Banks
September 25, 2018 by
New Yangon City Project, Yangon Regional Government’s mega project, will be implemented on the western bank of the Hlaing river. The project is falling behind the scheduled start date, because of this the capital for the project is being deposited in local banks, KBZ bank and AYA bank, Daw Khin Than Hla, Yangon Regional Auditor […]
New city development needed to draw foreign investments: Chief Minister
September 5, 2018 by
Yangon must be developed further to free up space for new industrial zones and residences, which, in turn, will draw more foreign investors to the city, said U Phyo Min Thein, the region’s chief minister, during an August 24 press conference detailing his government’s plans for the coming quarters. The chief minister this year announced […]
