Govt Invites Proposals for New Hotels in Myeik Archipelago

RANGOON — The Myanmar Investment Commission (MIC) is inviting proposals for new hotel projects in the Myeik Archipelago, which will be assessed for environmental friendliness in cooperation with the Tenasserim Division government. The development of the archipelago in Burma’s far south for “eco-tourism” is prioritized in the Tourism Master Plan 2013-20, which was devised under […]

Local investment in Myanmar has risen 110 billion Kyats (US$114 million) to 3 trillion Kyats (US$3.2 billion) in July, according to the Ministry of Commerce

Over 101 billion Kyats –  91 percent of the investments made by local businesses last month – was added to the manufacturing sector. Total local investments in manufacturing reached 801 billion Kyats ($827 million) by the end of July. Local businessmen invested in new rice factories, sugar plants and manufacturing various construction materials in July. They […]