Two casinos in Taninthariyi under government scrutiny

Two casino resorts in Tanintharyi Region’s southernmost Kawthoung township are on a regional government watch list, the chief minister told The Myanmar Times during an interview in Dawei last month. Grand Andaman Resort, located on the 1800-acre Thahtay Island, and Victoria Entertainment Resort on Treasure Island are both marketed at Thai patrons, who are legally banned […]

Bridge from Yangon to Dala breaks ground

A bridge that will link downtown Yangon to underdeveloped Dala township received the official green light yesterday, after a majority of local landowners agreed to give up their property in return for compensation. The project, which will be built with funding from Korea, was launched in Dala township yesterday. “We can metaphorically call the Yangon-Dala […]

New hand dealt for island casino

On the smoky second floor of the Grand Andaman resort, hundreds of people crowd around 44 gaming tables. They are betting on card games like Dragon Tiger, a straight forward affair where people place bets on whether the card in the Dragon or in the Tiger square turns up higher. While the patrons are mainly […]

2nd Thai-Myanmar bridge signed

Transport Minister Arkhom Termpittayapaisith signed an official agreement on Thursday for the construction of a second Thai-Myanmar bridge across the Moei River from Mae Sot district of Tak province. The minister said he signed the deal with Myanmar Construction Minister U Kyaw Lwin in Naypyidaw on Thursday. Thailand’s Highways Department is responsible for the construction […]

Myanmar has too many banks

The domestic market is still underserved by local banks despite a large number being approved to open in recent years, according to experts. Shwe Rural and Urban Development Bank, tied by local media to conglomerate Shwe Thanlwin led by tycoon U Kyaw Win, is the latest local bank to receive a private banking licence in […]

Credit bureau coming

Credit rating is still on track to start during 2014, though delays in gathering data, particularly from small enterprises, are still being faced, industry sources said last week. The Central Bank’s department of financial institutions supervision, with technical support from a Singapore credit corporation, is preparing for the emergence of a credit bureau or rating […]