‘Phuket of Myanmar’ seeks MIC approval

The US$1.2 billion LuxDream Island project is branded “the next Phuket” and will feature a high-end marina, luxury hotels, a theme park and a casino. The plan may seem incongruous with the serenity of Myanmar’s Myeik Archipelago. But the island dream looks set to become reality, as Singaporean Zochwell Group prepares to sign a Build, […]

Myanmar reduces teak production to preserve forests

YANGON – Myanmar will cut its output of processed teak by around a third this fiscal year, a senior official said Friday, to preserve its dwindling forests.  “We have decided to reduce the rate of teak production year by year,” Aye Myint Maung, deputy minister of environmental conservation and forestry, told Parliament. A maximum of […]