Tourism Development Bank to be founded to support Myanmar’s tourism sector

As Myanmar’s tourism sector has grown with the rapid influx of new tourists in recent years, the need for capital among locals who hope enter the sector has jumped sharply. To respond to this need, the Tourism Development Bank is slated to be opened to support hotels, tourism companies and local businesses, said Tin Tun […]

Myanmar plans to invite foreign investments for railway sector

YANGON—The Ministry of Rail Transportation is now planning to invite foreign investment to carry out major projects for the railways sector, according to the Ministry. The plan, which represents a major shift for the railways sector during the incumbent government, will be implemented in the near future. “We are going to implement a railway transportation […]

Italy and Luxembourg offer help to implement tourism master plan

Italy and Luxembourg have offered technical aid to boost Myanmar’s human resources development sector, part of a short-term project for the country’s tourism master plan, sources from the Ministry of Hotel and Tourism say. Delegates from Italy and Luxembourg visited Myanmar recently to meet with Ministry of Hotel and Tourism officials. In their meetings, they […]

Japan tire companies to buy raw rubber products from Myanmar

Japan tire companies are planning to import raw rubber from Myanmar, sources say. Japan needs approximately 700,000 to 800,000 tons of rubber per year for its tire companies. Technicians from Japan will provide technical aid to the Myanmar rubber industry to match Japan market standards. Japan has planned to buy the rubber once it matches […]