Myanmar’s tourism bank waits for green light

YANGON, 24 July 2015: Myanmar’s Central Bank has still to grant permission for a yet-to-open Tourism Development Bank, that will help to fund travel industry projects and SMEs in tourism. Eleven Myanmar media quoted Myanmar Tourism Bank managing director, Than Tin, saying: “We expected to get the license in May. But it is still pending […]

Capturing opportunity: Myanmar’s hotel and tourism boom

Since Myanmar liberalized its economy in 2011, the country has experienced a surge of foreign direct investment and visiting tourists. Official government figures show that tourist arrivals have risen from below 1 million in 2011 to over 3 million in 2014, with the Ministry of Hotels and Tourism setting an ambitious target of 4.5 to […]

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 […]