AccorHotels plans six new properties in Myanmar

French group AccorHotels is planning to build six new properties in Myanmar by 2019 – in Yangon, Mandalay and Shan State’s Muse and Inle Lake . This would take its Myanmar portfolio to nine hotels, demonstrating considerable confidence in the future of the country’s nascent tourism industry. The Ministry of Tourism targets 6 million international visitors to […]

Myanmar to build factories to produce coaches and locomotive sheds

Myanmar is planning to build factories to produce coaches and locomotive sheds by using the international loans, Than Htay, Union Minister for Rail Transportation said. The announcement was made at the September 29 ceremony to open the Yangon Railway Station’s circular express train. The minister did not reveal the amount of loans from China and […]

French joint-venture to open agribusinesses in Myanmar

The French agricultural firm SIACOM has recently been given the go ahead under a joint-venture to launch agribusinesses in Myanmar, according to the The Myanmar Investment Commission (MIC). The Societe Industrielle Agricole Et Commercial D’Outre Mer (SIACOM) and Myanmar’s XY Trading Co Ltd have joined hands under the new company Shwe Zabar Co Ltd, which […]

Foreign investments in garment industry on the rise in Myanmar

Some foreign countries such as China, Hong Kong , French, Singapore and Japan will operate garment industry including rice and other agricultural with Cutting, Making and Packing(CMP) system in Myanmar, according to Foreign Investment Law. A Chinese companies such as Jiangsu Solamoda Garments Group Co;Ltd and Dong Fang Star Garment Factory Ltd will carry out […]