Tuesday, September 27, 2016
The Myanmar Times
The Myanmar Times

Yangon aquarium receives green light

Yangon's first international-standard aquarium received Myanmar Investment Commission (MIC) approval earlier this week.

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Yangon zoning plan to be made public this year: official

Yangon may finally be getting its long-awaited zoning plan, officials say. A draft drawn up by the city’s development committee will be opened for public comment before being adopted as law by the regional parliament, a Yangon City Development Committee spokesperson said.

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Yangon authorities appear to backtrack over high-rise review

Yangon city authorities appear to have come down on the side of angry developers in the row over the suspension of 222 projects either under construction or at the planning stage. Following a city-wide review of project designs, the suspension was ordered because the buildings reportedly violated draft zoning regulations.

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YCDC to finish final high-rise inspections

The Yangon Region government is hoping to finish the last batch of frozen high-rise projects this week – those that had yet to receive approval to begin construction under the previous government but which have nonetheless started building foundations.

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Yangon’s peripheral townships lack funding, says chief minister

The Yangon Region chief minister said this week that he hopes to support development in 12 townships that sit outside the Yangon City Development Committee’s jurisdiction, and create jobs for people at the edges of the city.

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Yangon heritage building to become national library

President U Htin Kyaw has approved a Yangon Heritage Trust proposal to relocate the National Library to downtown Yangon, making the national archives more visible and available to the public.

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Yangon high-rise review divides officials

The chair of Yangon Region parliament’s economic committee has spoken out in support of developers, after they were ordered by a separate committee to change their project designs as part of a city-wide review of high-rises under construction.

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Real estate slump pulls down Yoma profits

Yoma Strategic recorded its first taste of revenues from its local branches of US fast-food chain KFC in the first quarter of this financial year and enjoyed growth in its automotive and property rental businesses. But a sluggish real estate market left the group’s net profits down on the previous year.

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