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Companies vie to cash in on Burma’s tourist boom

Burma wants to boost its food and hospitality standards to serve growing demand from international tourists, who are expected to number five million this year. Hotels and Tourism Minister Htay Aung called tourism one of Burma’s fastest-growing industries, with the growth rate tripling since the country opened its doors to foreign investors in 2011. Burmese […]

Interest high in jet fuel tender

Nearly two dozen private companies submitted expressions of interest letters to join a state-owned firm in a joint venture distributing jet fuel, though authorities plan to restrict the tender to international firms only. The successful firm will partner with state-owned Myanmar Petroleum Products Enterprise (MPPE) to import, sell and distribute jet fuel throughout Myanmar. MPPE […]

Yangon hotel market continues to boom

The social and economic reforms that began in Myanmar in 2011 have allowed tourism to flourish in the country. In the former capital city and still the commercial hub, Yangon, international arrivals grew 46% from 550,000 in 2012 to just over 800,000 in 2013.  The number of arrivals in Yangon remains relatively small compared with […]

Tourism boom boosts Yangon hotels

The hotel market in Yangon is set to continue its record growth in 2014, following a 46% year-on-year rise in international visitor arrivals in 2013, according to the latest report from international consulting firm JLL.  Centrepoint Towers Hotel, a US$100 million joint venture between Thai company L P Holding and Myanmar’s Ministry of Hotels and […]

Myanmar hotel sector to soar

MYANMAR — The hotel sector in rapidly-emerging Myanmar will continue to be supported by strong growth in the number of visitors to Yangon as a result of accelerated foreign investment, the boom in leisure tourism, as well as a lack of quality apartments. Myanmar is similar to Thailand 30 years ago in terms of tourism […]

Burma to Allow Foreign Banks to Begin Some Operations Next Year

Ground clearance and basic infrastructure preparation work has begun on an industrial estate inside the Thilawa Special Economic Zone, said the Japanese Kyodo News agency. A ceremony marking the start was attended by Japan’s Mitsubishi Corporation, Marubeni Corporation and Sumitomo Corporation plus nine Burmese business partners and Naypyidaw government representatives, said Kyodo. Mitsubishi, Marubeni and […]

Cultural Attractions

Consult-Myanmar welcome you to the 27th SEA Games Myanmar, 11-22 Dec 2013 Myanmar has some priceless tourism attractions but they need careful management The building stands seemingly forgotten, overgrown with trees and creepers, the red brick-work crumbling, empty of people, the ruins surrounded by a barbed wire fence. The site looks dull and deserted, hardly […]

Small-Scale Gold Miners Publicly Called Out for Govt Debt

Yangon — A public notice accusing dozens of mining companies of failing to pay a required portion of the gold they produce to government coffers has shed light on what critics say is a burdensome requirement that is taxing Burma’s gold miners out of business. The Ministry of Mines published the notice in state-run newspapers […]

Rich Myanmar people shun Yangon’s property boom to Invest in London

Burma’s richest citizens are taking their money out of the country and investing in upmarket property in London. While foreign investors queue to get into Asia’s so-called “last economic frontier,” millions of dollars are flowing out and into bricks and mortar in the capital of the former colonial rulers, a survey has disclosed. The volume […]