Thai Investors Lured to Open Airline, Hotel Projects in Myanmar, Cambodia

Thai investors are being encouraged to open airline and hotel projects to support tourist industry in Myanmar and Cambodia, said Thai Tourism and Sports Minister Korbkarn Watanawrangkura. Myanmar and Cambodia have launched promotional campaigns in competition with Thailand to draw more visitors than ever from around the globe. But large-scale investment projects, especially in airline […]

MIC permits five firms

The Myanmar Investment Commission has permitted five businesses, including a hotel project which will be built on the land owned by the army’s Quartermaster-General’s Office, reports say. Three of them were passed with “citizenship investment”, one was a joint venture and the other with foreign investment. The Europe-Asia Beverage Company will produce milk, soymilk and […]

Lawyers’ Network sues to stop building renovation

The Lawyers’ Network has filed complaints against government officials and investors involved in a US$50 million hotel project on Strand Road, and applied for an injunction to stop renovation work at the site. Advocates U Than Tin, U Kyee Myint and U Ohn Maung lodged complaints against Yangon Region Chief Minister U Myint Swe, former […]