Government grants land concessions for local hotel projects

Myanmar Investment Commission has granted land concessions to two local companies to invest in hotel businesses in Mandalay Region – including the historic Bagan site – in the latest move to encourage local enterprises to invest in the hotel and tourism sector. Win & Win Company was granted concession for 17 acres in Amarapura Township […]

Local entrepreneurs invest in hotels and tourism sector

Local entrepreneurs have invested over US$ 7 billion in Myanmar’s hotels and tourism sector, according to the Directorate of Investment and Companies Administration. The total investment volume of local entrepreneurs in hotel and tourism sector was over US$ 175 billion as of June 10 this year and the current volume has reached over US$ 183 […]