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Plans to Accept $79M French Loan Shelved

NAYPYITAW—The Union Parliament on Thursday voted down the government’s proposal to receive loans worth 70 million euros ($79.3 million) from the French Development Agency (AFD). Just 34 votes were in favor of the proposal and 497 against, with six abstentions despite the deputy minister for planning and finance attempting to convince lawmakers that the project […]

Facebook among firms named on Myanmar human rights ‘dirty list

Facebook is among a number of companies from the US, UK, France, Switzerland and China named on a “dirty list” of corporations accused of involvement in human rights and environmental violations in Myanmar, or of doing business with the country’s military, which is accused of genocide. A list of 49 companies, compiled by the pressure […]

12 applications for first phase of Yangon highway project

The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]

Fixing the tourism industry

The govt wants to lure tourists back to Myanmar. Will its efforts work? The Myanmar tourism industry has suffered from a big drop in tourists due to the unfolding refugee crisis in northern Rakhine. With the number of visitors from the US and Europe declining sharply over the past year, some tour companies and hoteliers […]

Myanmar opens visa-on-arrival door

YANGON, 31 July 2018: Myanmar confirmed late last week it would ease visa procedures for three nationalities 1 October. Tourism officials quoted government sources saying tourists from Japan, South Korea and China would be granted a visa-on-arrival for up to 28 days. Details were sketchy with none of the official websites for the Hotels and […]

New GMs for Hotel G in Yangon, Singapore

Hotel G Yangon has welcomed a new cluster general manager, Serge Rigodin, who will also lead the nearby Inya Lake Hotel. A native of Grenoble, France, Rigodin has managed a number of other GCP Hospitality properties, most recently the 308-room Hotel G Singapore. Prior to Singapore, Rigodin was director of residences at Embassy House, a […]

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, […]

Myanmar turns attention to Asian travellers as European markets decline

With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]

With its economy opening, Myanmar scoping seafood opportunities

The Southeast Asian country of Myanmar remains a relatively unknown commodity in the seafood world. With a population of 53 million, ranking it larger than South Korea and Canada, and more than 2,000 kilometers of coastline, according to the World Resources Institute, Myanmar’s potential as a seafood-producing state is significant. But a repressive military junta, […]

Myanmar region woos French FDI

Myanmar’s underdeveloped Tanintharyi region bordering Kanchanaburi province plans to attract European investment mainly from French companies in the months to come, according to Phyo Win Tun, planning and finance minister of the Tanintharyi region government. “At the regional government, we frequently receive business delegations from Europe, including France, Italy, Czech as well as from other […]