In the north Loy Krathong is better known by the name "Yee Peng", "Yee" means "two" and "Peng" means "full moon" Loy Krathong Festival occasionally finishes the celebration on the 15th night of the new moon.
Whereas the highlight of the celebration in Chiang Mai is on the first night of the waning moon.
On the last day of the Yee Peng Festival, giant krathong parade contest is the highlight of the event.
The long awaithed giant krathong are brought out and paraded through the streets.
From The Pae Road, passing Warorot Market up to the municipal office and then the krathongs are floated down the Ping River.
The reason is to pay respect to the Buddha.
Chiang Mai Municipality in cooperation closely with other agencies in Chiang Mai arranges many attractive activities to create a new perception of the festival as well as preservation of local identity of Lanna people.
In this year <2006>; "Yee Peng Festival" is set up during November 1-6 with a great show of Light and Sound on the Ping River.
The city is decorated by the local lanterns and lights all over.
All of these activities, Chiang Mai Municipality and other agencies both public and private sectors arrange this festival to promote the cultural heritage of Chiang Mai that has rich history for more than 710 years.