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Myanmar travellers blaze trails to new destinations for international tourists

As leisure travel picks up among Myanmar’s citizens, domestic tourism is surging and helping to plant the country’s emerging destinations on the international travel map. Domestic travel is on the rise, hitting an all-time high of more than 10 million people in 2017, according to Myanmar Tourism Marketing chairperson, May Myat Mon Win. The WTTC […]

Myanmar likely to open more sectors to FDI

A SURGE in interest among global players following the liberalisation of Myanmar’s education sector to foreign investors has motivated the authorities to continue opening up the economy in other restricted sectors. Thant Sin Lwin, deputy director general at the Directorate of Investment and Company Administration (DICA), said at a press conference on Tuesday that Myanmar […]

JICA to fund new projects to replace old suspension bridges

The Japan International Cooperation Agency (JICA) will fund the construction of new bridges to replace ageing suspension bridges in some areas of the country, an official of the Japanese aid agency said. Among the new bridges that JICA will fund include the one that will replace the Gyaing suspension bridge in Kawkareik township of Kayin […]

Nay Pyi Taw scraps Hpa-An coal power plant, communities urge Kayin govt to follow suit

Kayin communities and civil society groups applauded Nay Pyi Taw’s decision announced last month to halt a proposed coal power plant in Hpa-An and urged the regional government to confirm the cancellation. Meanwhile, a total of 130 civil society groups issued a joint statement to urge the government to cancel all proposed and suspended coal-fired […]

Parliament approves to borrow US$80 M from ADB

Union Parliament approved to borrow US$80 million from Asian Development Bank (ADB) for towns along Greater Mekong Sub-region development project. Kyaw Tin, Deputy Minister for Construction said the project is to develop towns located along the East-West Economic Corridor in Greater Mekong Sub-region. The ministry chose Hpa-an and Myawady from Kayin State and Mawlamyaing from […]

Ministry to take US$80 million loan from ADB

Deputy Minister for Construction Kyaw Lin has submitted a proposal to take a US$80-million (107.38 billion kyat) loan from the Asian Development Bank for the water supply and garbage collection projects in Mawlamyine and Hpa-An, he said at a session of the Union parliament on February 22. The ministry will request loans from the ADB […]

United International Group to Open Five Amata Hotels in 2018-19

United International Group, owner and operator of Amata Hotels in Myanmar, will open five more hotels in the country, U Win Aung, group CEO of United International Group told The Myanmar Times Monday. The company will open two new Amata hotels at Inle Lake and Pindaya in Shan State, two in the Myeik archipelago at Tanintharyi Region […]

BGF Plans Large City Expansion Project in Karen State

Karen State, Hpa An – Karen State Chief Minister Daw Nan Khin Htwe Myint confirmed that the Border Guard Force, led by Col Saw Chit Thu, had proposed a large city expansion project for the Kaukoo Myaing region of Myawaddy Township. She said the state government had recently approved an initial project phase on 60 […]

M-development Corp signs Chanmyashwepyay project in Mandalay

M-development Corporation (Myanmar) Co has signed a Build, Operate and Transfer agreement with the Mandalay City Development Committee (MCDC) to upgrade the Chanmyashwepyay (Kywesekan) Bus Terminal over a period of 50 years, at K3 billion per year. The terminal will be upgraded in accordance with international standards and built to function like an airport. Targeted […]

Property taxes worth less than a cup of tea

Bi-annual property taxes paid by many urban residents in Myanmar are merely worth the price of two cups of tea, according to an August study conducted by Yangon-based Renaissance Institute, which is funded by the UK, Australia and Switzerland with support from The Asia Foundation. In Yangon, the amount collected over the same period is […]