Foreign businesses invited to invest in Myanmar’s SEZs

Nay Pyi Taw –The Myanmar Investment Commission (MIC) invited international investors to work in Myanmar’s three special economic zones – Thilawa, Dawei and Kyaukphyu – at the 11th Asean Business and Investment Summit on November 12. Aung Naing Oo, the secretary of the commission said, “We are inviting investors who are interested in Thilawa to […]

High hotel rates unlikely to fall

Myanmar’s hotel room rates, which average about US$160 per night, should remain unchanged in the medium term due to the slow completion of new properties and continued influx of visitors, according to New Crossroads Asia. In the recently released report “All That Matters”, the Singapore-based financial advisory firm that focuses on Myanmar said that the […]