fbpx

Foreign casino operators looking to set up in Myanmar

A number of casino operators from Hong Kong, Taiwan and Macau have enquired about operating casinos in Myanmar following the passing of the Gambling Law 2018 in May, which replaced an earlier law from 1986. Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin said casino operators from Hong Kong, Taiwan and […]

Authorities approve Htantabin, Hlegu projects

Members of Parliament (MPs) for the regional Hluttaw of Yangon has finally given the green light for the Htantabin and Hlegu industrial park projects to the north of Yangon city. The MPs approved both projects after Minister of Karen National Affairs Naw Pang Thinzar Myo, who is also the chair of the Yangon Region Investment […]

Yangon Region Gov’t, HK-Taiwan Consortium Ink Industrial Zone Deal

YANGON—The Yangon regional government will sign a Memorandum of Understanding (MoU) with a consortium of Hong Kong and Taiwan companies next month to develop an international-standard industrial zone in Htantabin Township in the west of the commercial capital. Worth an estimated US$500 million (761.2 billion kyats) the Htantabin Industrial Zone will be implemented on more […]

Ivan Pun To Open The Pansodan Pop-Up In Hong Kong This March

Having recently set up a Rau Ram pop-up at The Standard Hotel in West Hollywood earlier this month, Ivan Pun is set for another culinary project, as he presents a one-month stint end of March 2019. The young entrepreneur’s The Pansodan Hong Kong pop-up will deliver a wide range of traditional Burmese fare with a […]

Gov’t takes steps to decentralize tourism sector

To step up efforts for tourism development in Myanmar, the Union Government will form three committees that will steer the decentralization of tourism services in accordance with the new tourism law, said Vice President U Henry Van Thio. He made the remarks in his capacity as the Chairman of the National Tourism Development Central Committee […]

Shaw Brothers Pictures to take major scenes of Line Walker-2 in Yangon

Shaw Brothers Pictures International Ltd. is reported to take major scenes of Line Walker-2, a sequel to their very successful Line Walker movie, in Yangon soon. A coordination meeting to shoot the movie was held at Ministry of Information in Nay Pyi Taw yesterday afternoon where Union Minister for Information Dr. Pe Myint delivered an […]

Yangon’s new city to start bidding process

The government body in charge of developing the new Yangon city project announced that it will commence the bidding process in mid-February. Yangon’s regional government launched an ambitious new city project via a government-owned New Yangon Development Co (NYDC) last March. The scheme covers an area twice the size of Singapore with a target of […]

Garments sector poised to boom in Pathein

The garment industry seems poised to boom in Ayeyarwady Region, with a company developing an industrial park near Pathein signing a contract with a Chinese firm that plans to build 50 garment factories within two years. The new factories would dramatically expand the town’s nascent manufacturing sector, which has for several years been attracting interest […]

Govt counting on Asian travellers to boost tourism

Myanmar’s tourism sector has borne the brunt of the Rakhine refugee crisis, with growth in tourist arrivals dropping to 1 percent in 2018 compared with 7.1pc in 2017, according to the World Bank. The number of western tourist arrivals fell the most, more than offsetting arrivals from Asia. The numbers reflect reports of booking and […]

Chinese firm finalises new Yangon city proposal

The government body in charge of developing an ambitious new Yangon city project has reached the final stage in negotiations with China Communications Construction Company (CCCC) in preparing pre-project documents (PPD). Launched by the regional government in March via a 100pc government-owned New Yangon Development Co (NYDC), the new city project covers an area twice […]