Foreign Travelers keen on Going to Chin and Shan States

​​ YANGON – Foreign visitors are keen on going to Chin and Shan states rather than other regions such as Bagan, Taunggyi, Inle and Mandalay, which were previously the more popular tourist destinations, says Phyo Wai Yazar from All Asia Exclusive Travel @ Tour Co Ltd. During December, the number of tourist arrivals in hilly […]

Cash is Still King in Myanmar But Visa Gains Ground

​​ American payment technology giant Visa saw double digit growth in transactions in Myanmar in the past year, bolstering its efforts to break into a country dominated by cash. The numbers of locals using Visa’s pre-paid cards abroad increased by 80% in the period between October 2015 to September 2016 while the actual amount spent […]

Tourism industry booming in Mandalay in December

Tourist arrivals have increased in Mandalay due partly to the addition of more Mandalay-Bangkok- Yangon flights and more direct flights between Mandalay and Hong Kong in December. Adding to the burgeoning popularity of central Myanmar is the allowance since September for foreign tourists to enter Myanmar through border entrances with an evisa, available online. Tourists […]

Visa Bullish on Nationwide Growth in Myanmar

​​ S ONLY 0.5 per cent of the population has access to electronic payments so far, Visa Inc, the global payments firm, sees a lot of room for improvement in Myanmar. Arturo Planell, Visa country manager for Myanmar, said at a press conference last week that the number of Visa cards in the country had […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

MIC Gives Amazing Holidays go Ahead to Build Golf Course, Hotels in Thandwe

Amazing Holidays Hotel and Resorts Co Ltd has won the contract to kick off a construction project on a 100-plus acre plot in Thandwe Township, a statement from the Myanmar Investment Corporation (MIC) said. The land comes under the jurisdiction of the Rakhine State government. In a meeting on Friday, MIC decided to grant permission to […]

Yoma Strategic to Spin off Myanmar Tourism Businesses in Reverse Takeover of SHC Capital Asia

SINGAPORE – Yoma Strategic Holdings announced on Monday (Oct 24) that it will be spinning off its tourism-related business as part of a reverse takeover (RTO) of Catalist-listed SHC Capital Asia Ltd. Yoma on Sept 2 announced its intention to partner with other players to establish a new tourism platform engaged in various tourism-related businesses […]

Myanmar’s Bagan set to make World Heritage list after quake

YANGON (AFP) – Myanmar’s ancient city of Bagan is “very likely” to be listed as a World Heritage site, a Unesco official said Monday (Sept 26), promising a boon to a tourist attraction battered by a recent earthquake. Bagan is home to more than 2,000 ancient Buddhist monuments that are among Myanmar’s most venerated religious […]

Earthquake highlights need for rigorous protection of Bagan temples

BAGAN’s famed pagodas appear to be the greatest casualty in the tourism sector after a powerful magnitude 6.8 earthquake struck central Myanmar on Wednesday. The US Geological Survey said the quake hit near Chauk, a town 120km from Bagan. At least three people were killed and some 185 brick pagodas were damaged, the state newspaper […]

Major earthquake strikes central Myanmar, kills four, destroys pagodas

A powerful 6.8 magnitude earthquake shook central Myanmar yesterday, killing at least four people and damaging famous pagodas in Bagan and other regions. The earthquake, with its epicenter inside Myanmar, about 12 miles west of Chauk and about 123 miles southwest of the Mandalay seismological observatory, was recorded at 5.04 pm, according to the announcement […]