Tourism insiders watching Thai crisis

Thailand’s political upheaval has so far had little effect on Myanmar tourism, but is worth watching closely given the country’s importance for the industry in Myanmar, insiders say. Bangkok is by far the largest gateway for tourists arriving in Myanmar, but tourism has weathered past crises in Thailand and this one appears no different, said […]

Myanmar to Grant Foreign Banks Licenses by End of September

YANGON — Myanmar will grant foreign banks limited operating licenses by the third quarter of this year, in a bid by the country’s semi-civilian government to attract foreign investment into an economy just emerging from decades of military rule. An official document sent to more than 30 foreign banks with representative offices in Myanmar, and […]

Thailand’s Political Crisis ‘Puts Burma Developments at Risk’

The political crisis gripping Thailand is jeopardizing key economic infrastructure developments and other potential investment in Burma, reports warn. The crisis has all but paralyzed Bangkok government and civil service activity, freezing planned major investments in international railway and road links and petrochemical projects, industry analysts said. It has also effectively put on hold plans […]

Thilawa SEZ to attract investors with reasonable land prices

YANGON – As Myanmar’s land prices have been scaring away potential foreign investors, the Thilawa Special Economic Zone will attract local and foreign investors with lower land prices than for those in other industrial zones in Yangon, according to an official from the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI). “Foreign […]