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. […]

Tourist Arrivals in Myanmar’s Second Largest City Up 26 Percent in 2017

Tourist arrivals in Myanmar’s second largest city of Mandalay in the north increased by about 100,000 or 26 percent correspondingly, hitting 483,784 in 2017, according to a latest statistics of the Directorate of Hotels and Tourism of Mandalay region. In 2016, 385,031 world tourists visited the last royal capital, a year-on-year rise from 2012’s 160,795. […]

Khiri connects travellers with Myanmar personalities, experts

Khiri Travel has created a new tour component which brings travellers into contact with some of the key eyewitnesses to Myanmar’s turbulent history – including Burmese royalty, artists and activists. Through the Personal Stories and Encounters – Meet the Leading Minds of Myanmar programme, tourists can meet Soe Win, a descendent of the last King […]

United International Group to Open Five Amata Hotels in 2018-19

United International Group, owner and operator of Amata Hotels in Myanmar, will open five more hotels in the country, U Win Aung, group CEO of United International Group told The Myanmar Times Monday. The company will open two new Amata hotels at Inle Lake and Pindaya in Shan State, two in the Myeik archipelago at Tanintharyi Region […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Bumpy Ride for Tourism Seen in 2018

The tourism industry this year went beyond expectations despite the sudden outbreak of violence in the northern Rakhine State that gave the country a negative image, but the sector is expected to face a more challenging environment next year. Tourist arrivals in the first 11 months this year was 20 per cent higher compared with the […]