Lotte Hotel Yangon to be open on commissioned operation by Lotte resorts affiliate

Lotte Hotel Yangon, to be operated on commission by Lotte Hotel & Resorts, will open later this week as the company’s eighth overseas chain, officials said Sunday. South Korean retail giant Lotte will manage the new hotel for 20 years in contract with Daewoo Amara, in what will be the first five-star accommodation facility it […]

Foreign investment in Myanmar flows to the production with piecework system

The amount of investment from Hong Kong within three years has increased by more than US$ 589 million while the majority of funds flow to the production operated under the piecework system. Within three years under the new government’s term from the fiscal years 2010-11, 2011-12, 2012-13, Hong Kong investment rose from more than $ […]