Yangon Floods, Rain Insurance a New Probably Market

Citizens had to wade in as torrential downpour transforms their beloved streets and pavements into brown and yellowish canals of overflowing sewage water. Needless to say, winding chains of traffic jams could be seen snaking throughout the city in various places that were prone to flooding such as Tamwe and Sanchaung Townships. Despite constant attempts […]

Yangon Plans to Replace Mingalar Market

According to the market places division of the Yangon City Development Council (YCDC), the fire-damaged Mingalar Market will be demolished within two months. Akari Phoo was awarded the tender for the demolition with a timeframe of 60 days.  “The process has begun. The reconstruction will be announced at a later date,” said an official from the YCDC. Mingalar, a popular […]

Rangoon Parliamentary Committee Lets Halted High-Rise Projects Off the Hook

RANGOON — A Rangoon Division parliamentary committee has recommended that the divisional government rescind modification orders delivered earlier this month to eight high-rise construction projects, after the developers petitioned the committee for a review. A high-rise review committee formed by the executive branch of the Rangoon Division government has reviewed more than 200 high-rise building […]

Dagon City 1 project gets prime land in Yangon

YANGON – A multipurpose residential project including office buildings, apartments and a five-star hotel will be built on military land near the Yangon Zoo. The project named Dagon City 1 is a joint venture between the Thukhayadana Company from Myanmar and the Marga Group, a coalition of experts and investors from Hong Kong, Korea and […]

YCDC to spend US$ 55 million on roads and bridges

YANGON – The Yangon City Development Council (YCDC) will be spending more than Ks 53 billion (nearly US$ 55.2 million) on roads and bridge projects this year. The YCDC has already planned to use over Ks 7 billion (nearly US$ 7 million) on 31 road upgrading projects and over US$ 600,000 to build five new […]