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 […]

Hilton Opens Vocational Training Centre

Hilton Worldwide has recently opened the Hilton Vocational Training Centre at the Hilton Naypyitaw in Myanmar’s capital city. The American hotel chain said the facility aims to develop the next generation of hotel operations leaders and meet the demand for young talent in the country’s booming hospitality and travel industry. The Hilton Vocational Training Centre […]

Hotel chains fight for slice of Myanmar’s tourism pie

Yangon: Myanmar wants to boost its food and hospitality standards to serve growing demand from international tourists, who are expected to number 5 million this year. Hotels and Tourism Minister Htay Aung called tourism one of Myanmar’s fastest-growing industries, with the growth rate tripling since the country opened its doors to foreign investors in 2011. […]

Companies vie to cash in on Burma’s tourist boom

Burma wants to boost its food and hospitality standards to serve growing demand from international tourists, who are expected to number five million this year. Hotels and Tourism Minister Htay Aung called tourism one of Burma’s fastest-growing industries, with the growth rate tripling since the country opened its doors to foreign investors in 2011. Burmese […]

Singapore-Myanmar training institute aims to boost youth employability

YANGON: Young people in Myanmar can soon turn to a new training institute in Yangon to learn skills that will make them more employable. The Singapore-Myanmar Vocational Training Institute will open its doors in the first quarter of next year. It is the first time Myanmar has set up such a facility with a foreign […]