Shady Bagan Projects Reported to Anti-Corruption Commission

MANDALAY – Locals of Bagan, the archaeological zone in central Myanmar, said they have filed a complaint to the Anti-Corruption Commission of Myanmar and requested an investigation into development and conservation projects that were done in their area. Save Bagan, a local activist group focusing on the conservation of heritage and environmental protection, told The […]

Unable to break protectionist curse, FMI bites the dust

FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]

Number of days for tourist visits to Bagan cut

The number of days that tourists can spend in Bagan’s ancient cultural zone has been reduced from five to three starting this month, said U Kyaw Lwin Oo, director general of the Department of Archaeology and National Museums, on Sunday. “We feel the new number of the days is enough for a trip. Three days […]

Myanmar VP calls for more efforts to attract intra-ASEAN travelers

YANGON, June 13 (Xinhua) — Myanmar Second Vice President U Henry Van Thio called for more efforts to attract intra-ASEAN travelers to the country, Myanmar News Agency reported Wednesday. Addressing the opening of the the Myanmar Tourism Conference in Nay Pyi Taw Tuesday, U Henry Van Thio urged for targeting Eastern countries of China, Japan, […]

Bangkok Airways to fly direct between Yangon and Phuket

Thailand’s Bangkok Airways will start direct flights between Yangon and Phuket starting on November 17, Varong Israsena, the Bangkok-based regional airline vice president of sales told The Myanmar Times in Yangon. State-owned Myanmar National Airlines started operating a direct flight between Yangon and Phuket a month ago. “MNA sees the potential and increase in traffic […]

Telenor gears up to offer a Myanmar record for data speeds

AS MOBILE data consumption in Myanmar soars to some of the highest levels in the world, Telenor Myanmar plans to offer its subscribers a record speed for the country of 1 gigabyte per second (Gbps) in the near future, said Lars Erik Tellmann, the firm’s chief executive officer. Tellmann said at a press briefing on […]

Myanmar’s ‘Valley of the Rubies’ emerges from shadows

MOGOK, Myanmar — When the world hears about Mogok, it usually concerns some hefty ruby unearthed in the region and auctioned for millions of dollars — the kind of discovery that has dominated news about the remote gem-mining town for decades. But with gnawing anxieties over dwindling gem deposits, locals are turning to a promising […]

Myanmar Strategic Holdings in JV to operate Yangon private school

Myanmar Strategic Holdings (MSH) and Auston Institute of Management have formed a joint venture to set up and operate a private school in Yangon, according to an April 6 announcement by MSH, which is listed in London. As part of the agreement, MSH will provide the required funding, which is estimated to be around half […]

Memories Group makes first acquisition in Myeik as tourist interest rises

Mr Serge Pun, executive chairman of Singapore-listed Memories Group, has bought luxury yachting business Burma Boating in Myeik, Tanintharyi Region, for K1.3 billion from Tint Tint Travel and Tours Company and Freepier. It is the first acquisition for Memories Group since the company listed on the Singapore Exchange in January and marks the first step […]

Myanmar Strategic Holdings looks for investments in budget hotels, tourism

Enrico Cesenni, CEO of London-listed Myanmar Strategic Holdings (MSH), an investment holding company, is eyeing investments in budget hotels and tourism in Myanmar. “We feel that there is room to grow in the budget category rather than in the more expensive categories,” he told The Myanmar Times during a recent interview. Tourism is also interesting. […]