Yangon started on Tuesday cargo and passenger shipping services to the remote Coco Islands, over 400 kilometres south of Myanmar’s economic capital. The Yangon Region Transport Authority will be operating the ferry service that will run once a month. The estimated travel time is 40 hours one way. “We provide this route for the convenience […]
Yangon to raise K40 billion for compensation by selling land
May 8, 2019 by
The Yangon government has to sell land so that it can pay farmers K40 billion (US$26.30 million) in compensation for their land, said Yangon Chief Minister U Phyo Min Thein. But the chief minister said that the land will be sold only to buyers who will use it for businesses, and it will not allow […]
Yangon blighted by housing woes
November 16, 2018 by
There’s no doubt many Yangon residents want to own their own home in the city as soon as possible, especially those with families or planning to start one. But for many city folks, the prices of new housing units, even those classified as low-cost housing, are beyond their reach given the current state of the […]
Transparency in Delayed $2B Development Project Requested in Lower House
November 15, 2018 by
A $2 billion development project to be undertaken by the Ministry of Construction and a private company in Yangon was questioned in the Parliament’s Lower House on Tuesday over its lack of transparency. Despite the project agreement being signed two years ago, no start appears to have been made on it and the revenue-sharing deal […]
Systematic housing market to create opportunities for investors: Yangon Chief Minister
July 26, 2018 by
Despite reports that apartment sales are stale, a market is being formed in which hundreds of thousands of people are in need of housing, and systematic housing construction will create opportunities for local and foreign investors, said Yangon Region Chief Minister Phyo Min Thein. He made the remark during a housing finance workshop held in […]
Myanmar businesses join hands for FDI
May 7, 2018 by
THE MYANMAR Investors Development Association (MIDA), an alliance of large-scale local enterprises, will help the government achieve its economic goals by actively engaging with local and foreign investors, according to its chairman Khin Maung Aye. ”For our country to grow further, we need to create thousands of jobs for our citizens. Job creation entirely depends […]
