Promising future for FDI inflows

Myanmar stands to attract more foreign direct investment (FDI) in the years to come like other countries in the CLMV (Cambodia, Laos, Myanmar and Vietnam) group, thanks to the low wage cost which is attracting manufacturing firms aside from significant interest in the extractive industry and infrastructure, according to the Asean Investment Report 2013-2014. Released […]

Market potential for boutique hotels in Yangon

YANGON: According to industry players, Myanmar’s commercial city, Yangon, should consider repurposing or refurbishing existing buildings into hotels. Many said it will provide the accommodation which is badly needed throughout the city. Frederic Goubet, chairman of The Loft Hotel, said: “We provide a certain answer to the deficit (in accommodation) but we did it with […]