Shareholders seek to dump largest bus operator
Investors in Yangon’s largest public bus company want the government to buy back their shares. Around 200 investors in the Yangon Urban Public Transportation Company (YUPT) have called on the Yangon Region Government to acquire their shares, di
IFC: Myanmar should go solar
Solar can help Myanmar fill its electricity shortage and reduce the cost of power, the International Finance Corporation (IFC) argued in a recent report. The IFC (which is the private sector financing arm of the World Bank Group) claimed that investi
Government fears power shortage
The Ministry of Electricity and Energy (MOEE) fears that power supply will not meet demand in the upcoming dry season. It warned of potential blackouts as it regulates hydroelectric dams to conserve water. Hydroelectric dams produce more than half of
YCDC claims hundreds of Yangon apartments
The Yangon City Development Committee (YCDC) has taken over nearly 500 disputed Yangon apartments this year and will raise rent by 10 percent, according to Yangon mayor U Maung Maung Soe. Disputed ownership claims, often caused by the deaths of landl
Thai developer to build USD 270 million industrial site
Thai developer Amata Group will partner with the Ministry of Construction on a USD 270 million industrial center outside of Yangon. The Myanmar Investment Commission approved the “Yangon Amata Smart Eco City” on October 21st. The site wi
