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Investors could channel up to US$4.9 billion into Rakhine this year

Foreign and domestic companies last week signed 28 expressions of interest (EOI) to conduct business worth a potential US$4.9 billion in the state this year. The bulk of the EOIs were signed by businesses in the hotel and tourism sector, said U Kyaw Aye Thein, Rakhine State Minister of Finance, Revenue, Planning and Economy. “These […]

Rakhine opens new beaches for hotel, tourism investments

The Ministry of Hotels and Tourism and the Rakhine State Government will open up new beaches along the Rakhine coast for new hotel projects in order to draw more tourism investments into the state, said U Ye Aung Moe, director of Ministry of Hotels and Tourism. So far, the ministry has designated the Gyite Taw, […]

Rakhine investment fair can pave way for JVs with foreign investors

The Rakhine State Investment Fair will be held at Ngapali beach in Thandwe, Rakhine Sate for three days from 21 to 23 February. The fair is aimed at generating individual job opportunities, increasing per capita income, regional development and improving the living standard. The following is the interview with Dr Htoo Min Thein, the secretary […]

A Close-Up Look at Mergui Archipelago’s Nascent Eco-Tourism Industry

With its pristine natural islands and Moken “sea gypsy” tribes—whose way of life is rapidly disappearing—the Mergui Archipelago has long held a special fascination as a travel destination for outsiders. Myeik town itself is famous for its pearl shops, edible-nest swiftlet, fish, shrimp and crab farms, as well its British colonial-era structures. A walk around […]

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, […]

On the road to tourism success

Ken Leong is a pragmatist who would not waste time on something unless he can make substantive enough contributions and gain from it. But there’s always something that fascinates him about Myanmar – the resilience and friendliness of its people and their unique charming cultures, as well as the refreshing natural topography despite being in […]

Mergui: Paradise about to be lost?

MYEIK, Myanmar, 1 December 2017: Regarded as one of the last island paradises left on Earth, Mergui Archipelago is fast becoming one of the most sought-after new destinations in Asia. Currently lacking any significant tourism infrastructure, the formerly off-limits region in the Andaman Sea only opened to pioneer tourism in 1997 after half a century […]

Myanmar to build more hotels in southern archipelago to boost tourism

Nine local and foreign companies have been granted by the Myanmar Investment Commission to build more hotels in the Myeik archipelago in southern Tanintharyi region. According to local directorate of hotels and tourist Sunday, the new hotels will be built on 12 islands of the archipelago. There are more than 800 islands in the region, […]

Myanmar: Investors beware

Myanmar has become one of the region’s most coveted destinations over the past few years since international sanctions against the country were lifted in response to political reforms. International air arrivals through Yangon International Airport reached a historic high of 550,654 in 2012, only for the figure to be topped within the first five months […]