The Myanmar Investment Commission’s move to open up all but 10 business activities to foreign investment has drawn opposition from some local businesspeople, who say it is a step too far. The MIC released a list of the 10 business areas restricted to Myanmar-only investment as well as defining 64 activities that foreign companies can […]
Myanmar sees dramatic rise in timber smuggling, official says
June 26, 2014 by
Yangon – Myanmar seized more than 15,000 tonnes of illegally harvested timber in the first two months of this fiscal year, a tenfold increase over the same period last year, a government official said Thursday. The figures were revealed less than a month after the country announced plans to reduce its output of processed teak […]
YCDC looks to curb high-rises as developers push back
May 5, 2014 by
A zoning map of Yangon city has been drawn up for discussion among construction professionals, with Yangon City Development Committee hoping to have the plan submitted to the Yangon Region Hluttaw later this year. The colour-coded map shows areas of the city where high-rises will be allowed, and where building heights will be restricted. Following […]
Yangon Planning Committee Wants Public Access to Riverfront
December 5, 2013 by
YANGON — In order to get a sight of their city’s river, residents of Burma’s commercial capital currently cram into a few jetties where they can take morning exercise or evening walks. But soon, they may have more space. That is if the city’s committee working on urban planning gets its way. During a public […]
