MGS Group deepens push into property and hospitality

MYANMAR Golden Star Group of Companies (MGS Group), which is engaged in beverages, banking and microfinance, has expanded its business portfolio by prioritising hospitality and real estate. Thein Tun, founder of MGS Group and chairman of Tun Commercial Bank, said in a recent interview that real estate is the company’s most profitable line of business, […]

U Thein Tun picks Bagan as first hotel destination

MYANMAR businessman U Thein Tun extended his hospitality business portfolio to Bagan on September 21. The new hotel under the brand Bagan Star already has 81 rooms up and running. (U Thein Tun also owns Myanmar Consolidated Media, which publishes The Myanmar Times.) “Bagan is very attractive, with a great potential for the tourism industry […]

Caravans to carry tours and footfalls into Myanmar

To raise its own visitor numbers, Myanmar is working with operators and organisations in neighbouring countries on improving cross-border tourism in the region. One of its efforts is the development of caravan tours that run from India via Myanmar and Thailand to Singapore, revealed Khin San Aye, executive committee member of the Union of Myanmar […]

Majority of Myanmar safe to visit: tourism specialists

Travellers are being urged not to give up on Myanmar amid ongoing violent clashes in northern Rakhine State, even as travel advisories are being issued and some cancellations are already being recorded. The anxious trade is sending out a ‘Myanmar is safe’ message. The mounting conflict has led to several travel warnings against visiting Rakhine […]

Hilton enjoys double digit growth in Myanmar since entry

HILTON WORLDWIDE has enjoyed double digit growth every year since it entered Myanmar three years ago, and expects stronger growth as it expands further, according to a senior executive. William Costley, vice president of operations for Southeast Asia and India, said in an exclusive interview the hospitality firm is doing really well in Myanmar in […]

PM Narendra Modi’s visit to expand strategic and economic footprint in Myanmar

NEW DELHI: PM Narendra Modi’s three-city Myanmar visit from September 5-7 comes at an appropriate time with India seeking to expand strategic and economic footprint in the South East Asian country where Chinese attempts to enhance its sphere of influence has been met with varying degrees of success. The visit to Myanmar –– considered India’s […]

No open tender for Nyaung-U airport upgrade

Subscribe to our tender alert mailing list The Nyaung-U airport in Mandalay Region will be upgraded into international airport soon, with the support from the Japanese government, U Ye Htut Aung, deputy director-general of the Department of Civil Aviation (DCA) told The Myanmar Times on August 28. The airport is near the tourist destination Bagan […]

Myanmar’s startups map past, shape future with virtual reality

YANGON – Gasps echo across the hall as the Myanmar school kids trial virtual reality goggles, marveling at a device that allows some of Asia’s poorest people to walk on the moon or dive beneath the waves. “In Myanmar we can’t afford much to bring students to the real world experience,” beamed Hla Hla Win, […]

Myanmar Strategic Holdings plans further Myanmar expansion with London Stock Exchange float

A company making its debut on the London Stock Exchange today has said it is targeting expansion in Myanmar’s fast-growing consumer sector. Myanmar Strategic Holdings (MSH) is aiming to raise $4.3m (£3.3m) on its admission to the London market which it has announced today, as it targets growing its portfolio to 20 locations in the […]

Myanmar aims to attract more travelers from Japan

The ministry will be setting up booths which will showcase the pristine beaches and islands of the Myeik archipelago. Regional tourism ministers of Tanintharyi Region, Kayah, Rakhine and Kayin states would also be attending the expo to promote tourism development in their areas, the Ministry of Hotels and Tourism said. Among those that will be […]