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 […]

Industry Awaits Myanmar’s Offshore Exploration Block Awards

Industry players are watching with interest an impending tender award by Myanmar’s Ministry of Energy for 30 offshore oil and gas exploration blocks, which has attracted bidding by several major international oil companies (IOC) that were absent in previous tenders. The outcome of the tender will highlight the progress, or lack of one, as the […]