Travel Sector Updates

Major infrastructure projects discussed at Yangon Investment Forum 2018

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photo - Theingi Htun

Yangon’s circular train project, taxi operations, a bus payment system and the preservation of Yangon’s heritage were among the topics discussed at Yangon Investment Forum 2018 held at Novotel Hotel in Yangon on May 9.

Jointly organized by Yangon Region Government and Directorate of Investment and Company Administration (DICA), the forum has won the attention of investors from all sectors of industries. At the press meeting, Regional Chief Minister U Phyo Min Thein spoke of New Yangon City Project, the circular train project, a taxi operation project, Yangon Payment Service card system, Yangon heritage preservation project, an onshore port project and the upgrading of markets in Yangon Region.

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 Presentations on investment and tax policies and practices regarding the said projects were made by officials from the relevant departments at the event.

In the period of 1988-1989 to 2017-2018, there has been US$20,276m in 845 foreign invested businesses and MMK 6,990,314m in 585 local invested businesses. Yangon is a prime gateway to make investments in other major cities in the country due to the advantage of its well-established connection network. It has 29 industrial zones as well as the Thilawa special economic zone.

 


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Theingi Htun is a journalist who worked for two years at Yangon Times Journal and Flower News. She also worked for two years at Democracy Today News as Senior Journalist. She wrote many articles about culture, the travel sector and lifestyle stories too. Now she is working at My Magical Myanmar as a travel writer and social media executive."

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