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Public video contest aims to boost Myanmar tourism

In the past two years, the number of tourists visiting Myanmar has dropped, so CCI France Myanmar, the French chamber of commerce, has formed a partnership with the Myanmar Tourism Marketing Association to launch the #CometoMyanmar video contest to promote the country as a tourist destination. The competition is only open to Myanmar nationals and […]

Clay pots everywhere quenched Myanmar’s thirst, until they vanished

When the bullock carts lugging passengers and produce pulled into Yangon, coated in the umber dust of the countryside, the people on board, if not the oxen, used to be able to count on refreshment. On many a street corner, often under a shade tree, stood what looked like a dollhouse on stilts. Inside was […]

Minor Hotels introduces Avani and Oaks brands to Yangon, Myanmar

Minor Hotels, a hotel owner, operator and investor, currently with a portfolio of more than 520 hotels in 53 countries, will debut its Avani and Oaks brands in Yangon, Myanmar, with the development of two hotels as part of a management agreement with Kajima Yankin, a wholly-capitalized subsidiary of Kajima Overseas Asia. Construction work has […]

Colliers Property Report – Myanmar Hotel Quarterly Q4 2018

SUMMARY & RECOMMENDATIONS No new completions were observed in Yangon as of Q4 2018. Few select developments that were anticipated to open during the quarter have seen limited construction developments. In turn, increases on both occupancy and ADR levels transpired. Nonetheless, hotel investments in Yangon continue to surge as supported by the new government policies […]

Myanmar Strategic reports narrowed loss in first half after EXERA buy

Myanmar Strategic Holdings Ltd on Thursday said its loss narrowed in the first half of its current financial year following the acquisition of EXERA. The stock was untraded on Thursday at USD10.00 a share. The investment company said its loss narrowed in the six months to September 30 to USD897,968 from USD1.1 million reported for […]

MSH’s education revenues grow as hospitality tumbles

Shares of Myanmar Strategic Holdings (MSH), a London-listed consumer business developer and operator with operations in Myanmar, remained unmoved at US$9.50 per share despite the company announcing narrower losses for the year ended March 31, 2018. MSH runs hospitality and education businesses in Myanmar. During the year, the company’s new education division in Myanmar helped […]

Chinese car manufacturer expands to Mandalay

CHINESE manufacturer expects the production of seven types of cars to commence in Mandalay Industrial Zone in the near future, according to Yan Yu, Shining Star International Holdings (SSIHL) chair. SSIHL is involved in real estate, hospitality, property management, education, healthcare and tourism related enterprises in China and Myanmar. The exact location within the Mandalay […]

Myanmar Strategic Holdings plans further Myanmar expansion with London Stock Exchange float

A company making its debut on the London Stock Exchange today has said it is targeting expansion in Myanmar’s fast-growing consumer sector. Myanmar Strategic Holdings (MSH) is aiming to raise $4.3m (£3.3m) on its admission to the London market which it has announced today, as it targets growing its portfolio to 20 locations in the […]

Can Myanmar sustain growth momentum?

YANGON — The World Bank’s forecast on Jan. 30 that Myanmar’s economy will grow by more than 7% annually for the next three years might appear to be overly optimistic. In the latest issue of its Myanmar Economic Monitor, the World Bank said that while growth would most likely be around 6.5% for fiscal year […]

Push to lure more luxury tourists to Myanmar

MYANMAR’S public and private sectors must join forces to turn the country into a popular destination for high-end travellers, as rich cultural and natural resources could boost tourism income from just 5 per cent of gross domestic product at present, industry figures have said. Panellists at the Hospitality and Tourism Conference Myanmar last week agreed […]