Free Knowledge... From People... To People
Search by Date Myanmar Version Mobile Version
 Miscellaneous NEWS
Updated on October 8, 2018 From Daily Eleven

Yangon New World Project, Mya Yeik Nyo hotel services already suspended

YANGON- As Zaykabar Company failed to follow agreements stated in the MoA signed with the Quartermaster-General Office, Yangon New World Project and Mya Yeik Nyo hotel services being operated by Zaykaba Group have been suspended and will soon be completely shut down.
        This information came from Moe Min Win, Secretary of Office of Garrison Town Development Committee (Yangon) yesterday.
        The company had demolished two ancient heritage buildings without approval before the MoA was signed and they had wrongly described via print media (State owned newspaper) that foreign investment has been allowed to partake in the construction projects. Private businesses, unless agreed upon, weren’t allowed to operate at army-owned land plots, according to the press conference held at the office of Garrison Town Development Committee (Yangon) on October 3rd.
        “Currently, we had ordered the company to cease and desist their operations. If the instruction gets issued, we are going to completely remove the empowerment for the entire project from the company,” said Moe Min Win. “The Quartermaster-General Office and Zaykabar Company signed the MoA on January, 2014 to develop the property project. The company agreed to pay US$41.382 million as land leasing fee in five installments within a two-years time but they only paid two times. The rest of the leasing fee is still overdue. The company also announced cooperation with China based Human Land Overseas Real Estate Development Co. Ltd. without seeking approval from the authorities. Furthermore, the company demolished two ancient heritage buildings and two historical buildings without approval before the MoA was signed. We informed the chairman of the company to cease their work on May 10 2018,” said the secretary.
        He also claimed to have learnt of the issue, of locals being concerned about potential damage to Kokkine reservoir and nearby places due to the property project and Yangon City Development Committee (YCDC) prohibited it, from a story reported in June 11 issued Daily Eleven newspaper. He said he saw the report and also informed the YCDC to not allow it.
        Moe Min Win said that authorities found out from the state-owned Mirror newspaper that Zay Kabar Company entered into cooperation with China State Construction Engineering Corporation to develop Yangon New World property project using US$500 million. The Garrison Town Development Committee made an objection to the company that the international cooperation was not in line with the agreements in the MoA signed with the Quartermaster-General Office in 2014 as well as the demolishing four buildings including two ancient heritage buildings without approval. The company announced the joint-venture with Chinese company in state owned newspapers without seeking any approval from respective authorities.
        The company demolished four buildings out of 12 buildings located on 6.879 acres of land owned by the army. They are House C, House D, House E wings of the old Mayor’s Residence as well as a showroom building. YCDC informed commander No. 954 Works Company (Engineer) on August 1 that House D (Mya Yeik Nyo Hotel) and House C (Mya Yeik Nyo Royal Hotel) were recognized by the YCDC as ancient heritage buildings announced in June 1996.
View Count : 865 | Posted by www.free4reader.com
 

~ Latest News ~

Locals asked to be alert of crocodiles in rivers in Ayeyawady Delta
The missing boys from Monywa
Ride on time: Recycled bikes get Myanmar kids to school
Four months old South Dagon-Thuwanna Bridge damaged
Six dead so far from H1N1
Three dead from H1N1 influenza virus
Sister of former child soldier surrenders
Some villages in Myeik Archipelago propose to establish MPA
Fisherman found a damaged drone in Myanmar sea territory
President and State Counsellor will campaign by themselves in 2020
Villagers trial begins in Rakhine
Mandalay cuts ribbon on new street to honour State Counsellor
Mandalay NLD holds feast in honour of Aung San Suu Kyi’s birthday
Magway region holds tree planting ceremony for cooler temperatures
Only one YBS company pays off debts: Yangon Chief Minister
Loikaw police bans farmers from ploughing
Myanmar’s hard-line monks rail against Suu Kyi
Over 100 small Buddha statues found in collapsed pagoda in Ingapu
5th International Yoga Day celebrated at Yangon stadium
Greased palms and discrimination at the passport office
Total, Siemens propose scaled-back LNG project in Tanintharyi
Dengue fever kills eight in Yangon in five months
Suspects put on trial for alleged intimidation of Yangon Muslim communities
Bagan inches closer to elevated status
Rakhine State should build temporary camps for IDPs: MP
Myanmar plans to raise taxes on tobacco and tobacco-related products
Nationalist monk group to hold annual meeting next week
Thai captain of shipwrecked refugee boat charged with smuggling
Police officer involved in custody death found dead
Authorities extend curfew in Maungdaw
World heritage, with strings attached
Three northeastern prisons 3 times over capacity: official
CBCM demands termination of Myitsone project
Thai man arrested for Myanmar migrant smuggling
Heroin and stimulants seized in Kachin State
Exhibition displays rare costumes of Shan Chieftains
Bilin Township considered for ecotourism development
Michael Kyaw Myint nabbed for disturbing Muslim worshippers
Woman dies after being stung by hornets
Demonstration calls for action against two MPs in Palaw
More News