KBZ Bank to finance the restoration of Yangon’s Secretariat

By FRONTIER

YANGON — Myanmar’s largest private lender, Kanbawza Bank, said Thursday it would finance the entire restoration of the Secretariat, one of Myanmar’s most historically important buildings, as a mixed public and commercial development.

The Secretariat, in the heart of downtown Yangon, has played a crucial role in the administration of the country since the building’s completion in 1905.

Originally known as the Minister’s Building, it was the administrative seat of British Burma. Today, it is most significant as the location where independence hero Bogyoke Aung San, seven members of his cabinet and a bodyguard were assassinated on July 19, 1947.

The sprawling building and its compound have been closed to the public for decades, opening only on Martyrs’ Day which commemorates the assassinations and more recently, for art exhibitions curated by the Pyinsa Rasa collective.

Support more independent journalism like this. Sign up to be a Frontier member.

In 2012, the Anawmar Art Group won a government tender to manage the Secretariat, although specific details about their plans for the sprawling site have not yet been made public.

KBZ Bank said in a statement that following the restoration the building would house a Martyrs’ Museum and the National Museum of Yangon.

The project would “reimagine the entire venue and create new public and commercial spaces for modern Myanmar citizens to gather, learn about their heritage and reimagine their futures” it said.

The restoration is expected to be completed by the end of the year, the statement said.

More stories

Latest Issue

Stories in this issue
Myanmar enters 2021 with more friends than foes
The early delivery of vaccines is one of the many boons of the country’s geopolitics, but to really take advantage, Myanmar must bury the legacy of its isolationist past.
Will the Kayin BGF go quietly?
The Kayin State Border Guard Force has come under intense pressure from the Tatmadaw over its extensive, controversial business interests and there’s concern the ultimatum could trigger fresh hostilities in one of the country’s most war-torn areas.

Support our independent journalism and get exclusive behind-the-scenes content and analysis

Stay on top of Myanmar current affairs with our Daily Briefing and Media Monitor newsletters.

Sign up for our Frontier Fridays newsletter. It’s a free weekly round-up featuring the most important events shaping Myanmar