Star High Asia Pacific granted dredging rights in Yangon River

​ ​21 May 18 -  The Star High Asia Pacific Company had been given a five-year green light to begin mega dredging project in Yangon River, says Myanma Port Authority. While vessels requiring nine meters depth of water were allowed to pass through the Yangon River, most vessels had to wait for the rising tide as the water way gets gradually clog...
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Disaster-prone Myanmar presses alert button as monsoon looms

​ ​ ​21 May 2018 -  Vice President U Henry Van Thio is a possessed man, running here and there, to check on the preparations of local governments in response to the perennial threats of the monsoon, which is just around the corner. The vice president, who is also chairman of the National Natural Disaster Management Committee, assured that he w...
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‘The tide was like a monster’

17 May 18 - A decade after the death and devastation of Cyclone Nargis, there's dissatisfaction over storm shelters in some of the worst-affected Ayeyarwady Delta villages. WHEN U Maung Kyin switched on his radio early on May 3, 2008, other residents of Pyinsalu village in Ayeyarwady Region's coastal Labutta Township gathered to listen to the ...
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Myanmar’s Inle Lake: an ecosystem fighting to survive

17 May 18 -  Since 6 am Myint Soe and his son have been fishing aboard their long-tail boat. It looks as though it's been a good morning – between their feet lie about 30 fish of a kilo or less in weight, valued, he says, at about 30,000 kyat or €18. Soe is using net traps to catch Inle and common carp and says he will stay out on the lake unt...
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Environmentalists dissatisfied with water management study

​16 May 18 -  Environmentalists and non government groups were dissatisfied with the results of water management and environmental impact assessment (EIA) performance project in the country's waterways. A three-year project was conducted from June 2015 to May 2018 by the Natural Resource and Environmental Conservation Ministry, the Mandalay Ci...
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Preventative measures against erosion carried out, aid needed

​15 May 18 -  Although preventative measures against the riverbank erosion is being carried out in Bala Ba village, Yesagyo Township, Magway Region, more aid are in need, according to the locals.  As Ayeyawady River rises in Bala Ba village, starting in mid-May, well wishers dug the sand embankments aiming to change the water route by spe...
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Members of Parliament raise concerns over consequences of Yangon expansion

​14 May 18 -  Since the start of the year, Yangon has announced ambitious plans for expansion and new infrastructure. ''The Yangon population will hit 10 million in the next two decades and it can be a mega city by 2040, said Daw Nilar Kyaw of Yangon regional minister for Electricity, Industry and Transportation. But while the developments are...
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In the Business of Promoting Business

"overnments need to focus on government-related work. Why are they going into business?" "Is it necessary for the Yangon Regional Government to establish a corporation such as NYDC to conduct business?" "Is the Yangon Regional Government trying to build a business empire?" There have been numerous questions and comments on social media and the news...
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Myanmar to implement new urban development projects of Yangon region

​ 13 May 18 (Xinhua) -- Myanmar has laid out new urban development projects of Yangon region inviting local and foreign entrepreneurs to invest in the master plan through a recent Yangon Investment Forum held in the commercial city. The Yangon Region Investment Committee outlined that sub-centers, new towns, railway stations and industrial zon...
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Prioritised sectors, new investment opportunities in Yangon laid out

​11 May 18 -  At the Yangon Investment Forum on Wednesday, Yangon Chief Minister U Phyo Min Thein announced the five sectors his government intends to prioritise and in which Yangon welcomes foreign investments. U Phyo Min Thein said the trade, logistics, industry, public transport and energy sectors would be prioritised, adding that the Yango...
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Myanmar Community of Practice Registration Form

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Kick-starting Stage 1 of the NYDC Challenge

​ Kick-starting Stage 1 of the NYDC Challenge This week is an exciting week for NYDC. We officially embarked on the first stage of the NYDC Challenge with the signing of a framework agreement with a leading global infrastructure company whereby they will prepare and submit a detailed project proposal related to the building of key infrastructure fo...
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Why We Rather Not Pursue Debt Financing

​ Why We Rather Not Pursue Debt Financing Infrastructure development lies at the core of economic growth, which in turn leads to investment, job creation and ultimately poverty reduction. During Phase 1 of the New Yangon City development, our focus will be on building basic infrastructure. This includes five residential areas for resettled villager...
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Laying the Foundation to Attract Businesses

​ Happy Myanmar New Year to all. In my first blog, I had explained the vision of NYDC – which is to create 2 million new jobs. So what does it take to create 2 million new jobs? What are the requirements of turning this vision into a reality? During the launch of NYDC in March, Yangon Chief Minister U Phyo Min Thein said that the improvement and pr...
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Rationale for the New Yangon City

​ Dear Friends, It is an honour and a privilege for me to serve the nation in the capacity of Vice Chairman and CEO of the New Yangon Development Company Limited ("NYDC") – a company set up and owned 100 percent by the Yangon Regional Government to develop the New Yangon City, a land to the west of Yangon river. I had explained the details of this ...
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