A court dealt a blow on Friday to a man who claims to be the rightful owner of a historic building in downtown Yangon, rejecting his request to make the local government a defendant in the case. Bilal Ayub Munnee, who says his great grandfather was the building’s original owner, wanted Yangon’s government to share […]
Shareholders ask bus company to buy back shares
December 9, 2019 by
Some 200 shareholders of bus service operator Yangon Urban Public Transportation Company (YUPT) are calling on the Yangon Region government to buy over their shares in the company. This comes after a shareholder uprising over the company’s lack of profit and leadership selection disrupted YUPT’s annual general meeting in late October. Last weekend, YUPT began […]
New LED lights to brighten Yangon streets
November 7, 2019 by
The Yangon Electricity Supply Corporation (YESC) will be solely responsible for maintaining all streetlights in the region and will change the current lights to more efficient LED ones, Daw Nilar Kyaw, Minister for Electricity, Industry, Transport and Communication, said on September 26. The announcement came as a response from Daw Thet Htar New Win, Member […]
Construction of Myanmar’s first aquarium to complete next year
July 10, 2019 by
YANGON-The first international-standard Myanmar Aquarium including an underwater wing is being constructed in Kandawgyi Gardens in Yangon and is expected to complete in 2020, says Director Tin Maung Tun from Mottma Development Group implementing the Aquarium project. Under the leadership of Yangon Region Government, the Yangon Ecological Aquarium has been cooking since 2016. “An underwater […]
Yangon Night Market Get’s a Second Chance
May 30, 2019 by
In November 2016 the Yangon Region Government gave the go-ahead for a new Night Market in the city, located on the famous Strand Road. The plan was budgeted at K1.8 billion, and promised to add to the city’s recreational appeal. Just over two years later, and those grand plans have failed to impress. Being sandwiched […]
Myanmar to hold regional investment forum in Yangon
May 10, 2019 by
YANGON, May 6 (Xinhua) — Myanmar will hold a regional investment forum in Yangon, the commercial capital of Myanmar, later this week, in order to increase investment and attract more investors in the region, according to the Yangon region government on Monday. The two-day Yangon Investment Forum-2019, scheduled to be held on Friday and Saturday, […]
Yangon Investment Forum 2019 – 10th & 11th May 2019, Lotte Hotel Yangon
April 19, 2019 by
ABOUT YANGON INVESTMENT FORUM 2019 The Yangon Investment Forum 2019 is Organized by the Myanmar Investment Commission, Yangon Region Government and the Yangon Region Investment Committee, with Myanmar Investors Development Association (MIDA) acting as exclusive sponsor. The forum will be two days event – the first day will consist of the speeches by high ranking […]
Contractors urged to settle outstanding debts to the Yangon government
March 6, 2019 by
The Yangon Region Government sold over 53 acres of land in Dagon Seikkan, Yangon to four companies to build precast factories for the construction of the Ayeyarwon-Yadana housing project at K225 million per acre in 2015-2016 . Although two firms have already paid, another two firms still owe over K2 billion, Daw Nilar Kyaw, minister […]
Chinese company proposes new circular railroad for Yangon
February 8, 2019 by
Representatives from China Railway Engineering Co Ltd (CREC) have met with the Yangon Region government to discuss the possibility of constructing of a new Yangon circular railroad, U Than Naing Oo, a member of the Yangon Region Hluttaw’s Transportation, Communications, Construction and Industry Committee told The Myanmar Times. “CREC proposed two versions of the potential […]
