George Yeo tapped for massive Yangon Development

George Yeo tapped for massive Yangon Development

Industrialisation effort will cover an area over twice S’pore’s size
Tan Hui Yee: Indochina Bureau Chief In Yangon
Singapore’s former foreign minister George Yeo has been tapped to help lead the development of a Yangon city extension billed to spur growth for Myanmar, just like what Shenzhen city did for China.

Read more

Stay Tuned to the details of the Pre-Project Documents

The past weeks have been hectic as we approach the final stage of negotiations with China Communications Construction Company Ltd., (CCCC) for the preparation of the Pre-Project Documents (PPD). These documents will pave the way for the first stage of the NYDC Challenge. The details of the PPD would be announced soon and it includes the following scope of works:

Read more

Creating an Efficient and Accessible System of Public Transportation

There has been a lot of press reports and comments on social media questioning the validity of NYDC. Some have questioned whether NYDC is a properly approved entity, whether budget has been approved, or if funds are used appropriately.
As the Chief Executive of this company, it is not my intention to get involved in politics. My job is to create two million jobs, and the assignment is to bring Foreign Direct Investment

Read more

Consultations with the Myanmar Engineering Council, Myanmar Engineering Society, Myanmar Architect Council, Association of Myanmar Architects & other learned stakeholders.

Over the weekend, NYDC organised a special Roundtable meeting with members of the Myanmar Engineering Council, Myanmar Engineering Society, Myanmar Architect Council, the Association of Myanmar Architects and various other learned stakeholders at the function hall of the MES. Our Planning and Development Head Ms. Alicia Aye Aye Khine explained the salient points of the New Yangon City Socio-Economic Master Plan (SEMP) subsequent to which I chaired the Questions & Answers Session.

Read more

Gathering the Voices of Experts

Planning a city from scratch is a bit like having a clean sheet of paper to draw on – it could be daunting, while at the same time, exhilarating. It has been done before, all over the world. We see success stories such as Singapore; with the city-state today reaping the fruits of its master planning. Diligently laid out in the 1960s, good planning transformed the newly-independent country where nearly three out of four people lived in slums, to what we see today, a thriving, modern city. Poor city planning or the lack of planning, on the other hand, would sow the seeds of urban ills.

Read more

Orchestrating and fine tuning Phase 1

I’ve noticed that lately the debate between developing ‘wasteful white elephant’ buildings versus the inclusion of shiny skyscrapers and luxury housing in the New Yangon City has been a keen focus for commentators, social media bloggers and the public. Therefore, this is what I will cover in this week’s discussion.

Read more

The First of Many Town Halls

Last Saturday we held our first NYDC town hall meeting. More than 600 attendees and close to 1,000 viewers joining us via Facebook Live, and there were nearly 25,000 views after the event. It is heartwarming to see the level of interest and the desire of the public to want to have a more in-depth understanding of the New Yangon City project.

Read more

The Importance of Town Hall Meetings

Since the launch of the New Yangon Development Company (NYDC) in March this year, questions have been raised about the project in the press and social media. It is very encouraging to see the level of interest in this project, both from those who voice support and from those who question some of the choices made by the Yangon Regional Government and NYDC.

Read more

Recent Investors Concerned About Reliability of Contracts Signed with Governments

The dramatic political winds of change that swept across Malaysia last month were a reminder of the inherent political risk for any investments. Such risk may be amplified when the new government does not uphold the decisions of the previous one – newly elected Prime Minister Mahathir Mohamad has announced that his administration is cancelling various contracts on national infrastructure projects agreed and signed by his predecessor. Similar incidents have been seen locally when new regimes took over the reins of government.

Read more