Yangon Region Chief Minister Phyo Min Thein said that there were over 30,000 businesses of Micro, Small, Medium Enterprises (MSMEs) registered as business entities in the Yangon Region and they run the region’s economy. “We compiled the list of these businesses by using digital technology. Over 30,000 businesses are registered in the region and our […]
Thaketa gas plant commences supplying power in Yangon
More than 40,000 households will now receive electricity following the scheduled completion and opening of a combined-cycle gas power plant in Thaketa township, Yangon Region, over the weekend. The Power Purchase Agreement (PPA) was signed in January 2016. The 106 megawatt plant was built and will be operated under a 30-year joint venture between the […]
Police Arrest 12 in Connection with Naypyitaw Arms Seizure
NAYPYITAW — Police have detained 12 people in connection with the seizure of firearms in the administrative capital Naypyitaw, according to the Ministry of Home Affairs. “The most important thing is to seize remaining weapons and arrest accomplices,” Deputy Home Affairs Minister Maj-Gen Aung Soe told reporters in Naypyitaw. “So, we are working to make […]
Thaketa project caters to growing expat influx
The growing number of expats in Yangon is putting strain on existing residential property, providing a market opportunity for higher-end housing. ZAO Property is conducting renovations on 34 homes in Yangon’s Thaketa township, aiming to cater to the expat crowd. Sales director Chris Oram said he has been in Myanmar since 1998, and over 16 […]
Ministry planning more bridges around Yangon
More bridges are to be added around Yangon Region with support from international organisations, according to officials from the Ministry of Construction. Infrastructure development often requires support from international organisations, which have helped fund three bridge projects in the Yangon area, said U Kyaw Kaung Cho, an engineer with the ministry. The Thaketa bridge is […]
Japan to Fund New Yangon Bridge
YANGON — Construction of a new bridge to connect downtown Yangon with Thaketa Township will begin in April next year, according to the Japan International Cooperation Agency (JICA), which is funding the project. The Japanese aid body is providing a maximum grant of about US$4.1 million for the four-lane bridge, with an “extradosed” architectural style […]