Myanmar to hold investment fairs to spur development

Myanmar is making preparations to hold a business forum in Mandalay, the country’s second largest city in the north, on Nov. 9, aiming to promote trade and investment for the development of Mandalay region, according to the Directorate of Investment and Company Administration (DICA) Monday. Such a forum is partly aimed at driving development more […]

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, […]

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. […]

Myanmar better off in good graces with the West

Two developments stood out in Myanmar’s international relations landscape in 2017: The increasing Chinese influence in the country and the immense diplomatic pressure from international community on the government’s handling of the Rakhine crisis. Analysts cautioned Myanmar against overdependence on China for its development and urged the country to mend ties with the West to […]

Myanmar to Upgrade Domestic Dairy Products

YANGON, Aug. 11 (Xinhua) — Myanmar is striving to promote domestic dairy industry by raising the standard of its products, official media reported Friday. At present, the country’s Livestock Breeding and Veterinary department is exerting efforts to establish standards for milk products to place them in the market after obtaining approval from Food and Drug […]

Myanmar’s Infrastructure Deficit Outpaces the World

SYDNEY — A wide-ranging assessment of Myanmar’s infrastructure deficit and its ability to start closing the gap has found that the country is likely to meet only half of those investment needs by 2040, dampening hopes that it can lift the estimated 54 million population out of poverty by then. Of the 50 nations surveyed […]

Yangon and Hong Kong: A forgotten tale of two cities

To many people in Hong Kong, Myanmar might sound exotic and unfamiliar. The fact remains, however, that the country, formerly known as Burma, and our city both used to be British colonies and have close ties with each other. Yangon (also known as Rangoon), Myanmar’s largest city and former capital, was once a key trading […]

Myanmar’s New Struggle: Keeping Foreign Investors Happy

A pariah state for decades, Myanmar’s recent emergence from economic isolation has attracted foreign companies and investors intrigued by the Southeast Asian nation’s untapped potential, abundant natural resources and low wage workforce. The first U.S. fast food restaurant, KFC, opened in 2015 and other assorted Western and Asian brands have popped up across the nation’s […]

Japan investment to change the face of train travel in Yangon

YANGON – Tourists visiting Myanmar’s largest city, Yangon, could be set to lose one of the star attractions of the former capital, as Japan invests in upgrading the railway which encircles the city. While the responsibility for upgrading the 46 kilometers of track which makes up the Yangon Circular Railway rests with Myanmar Railways, the […]

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 […]