The Myanmar Times
Thursday, 28 May 2015
The Myanmar Times
The Myanmar Times

Yangon New City forgotten by most but residents still hopeful

The area of the once and possibly future Yangon New City project has been irrevocably changed following its announcement by Yangon mayor U Hla Myint last September 22.

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Offshore PSCs to finish before water festival

The signing of the remaining Production Sharing Contracts (PSC) for offshore blocks will be completed before the water festival begins, say officials.

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Customers clamouring for microcredit

When the people with the money arrive, all the women in the little room rise to greet them, like schoolgirls. The 100 or so village women are mostly middle-aged and elderly, with thanaka on their cheeks and flowers in their hair. The room is hot and cramped.

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Civil society frets land with investment law

Civil Society is concerned that land rights may be left behind as the two main existing investment laws are to be replaced by a new law.

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ADB predicts higher growth, inflation

Economic growth is expected to pick up in the fiscal year starting April 1, but inflation and a rising budget deficit may weigh on the economy, according to economic experts.

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Sales for Nay Pyi Taw’s Krisplaza start in Yangon

The  backers of Krisplaza in Nay Pyi Taw have launched sales of the project in Yangon, aiming to bring condo living to the country’s capital.

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YCDC’s $10m toilet and toll-gate tender

Yangon  City Development Committee has finished its annual tenders for private companies to run 37 businesses under its Departments of Revenue and Markets, such as toll gates and public toilets.

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Changes to five projects mulled by YCDC

Myanmar Investment Commission and Myanmar Engineering Society have weighed in on possible changes for 5 large construction projects that have been paused in Dagon township, and it is now up to Yangon City Development Committee to produce a master plan on the situation.

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