Myanmar’s tourism industry faces challenges

Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]

Myanmar’s beach destinations to watch

Myanmar’s four key beach destinations – Ngapali, Kawthaung, Ngwe Saung and Chaungtha – are emerging as up-and-coming tropical getaway spots in Asia, each with its own distinct characteristics. According to C9 Hotelworks’ new Ngapali Beach Tourism Market Review, the impact of more airlift to Ngapali’s main gateway of Thandwe last year pushed growth up 28 […]

What’s Behind Myanmar Military Chief’s Europe Voyage?

Starting from April 22, Myanmar’s military chief Min Aung Hlaing embarked on a goodwill visit to the Federal Republic of Germany with a stopover in Austria. His trip, made at the invitation of his German counterpart, signals the continuing importance that Berlin, as well as Europe more generally, plays in Myanmar’s development as well as […]

Big International Gem Show Being Held in Yangon

​​ An international exhibition of Myanmar gems with foreign and domestic companies is being held in Yangon until Monday. Firms from Thailand, Hong Kong, China, Japan, Vietnam, Germany, the United States, Italy, Israel and India are participating. The four-day event also has machines for goldsmiths and quality testing for diamonds and gems. A spokesperson for […]

ADB Trade Finance Program Marks Milestone with First Transaction in Myanmar

The Asian Development Bank’s (ADB) Trade Finance Program (TFP) has issued its first guarantee for Myanmar, supporting the import of fertilizers from Italy. The guarantee was issued in favor of Banca Popolare di Sondrio in Italy in respect of the payment obligation of United Amara Bank (UAB), one of TFP’s local partner banks in Myanmar. […]

Tourism industry booming in Mandalay in December

Tourist arrivals have increased in Mandalay due partly to the addition of more Mandalay-Bangkok- Yangon flights and more direct flights between Mandalay and Hong Kong in December. Adding to the burgeoning popularity of central Myanmar is the allowance since September for foreign tourists to enter Myanmar through border entrances with an evisa, available online. Tourists […]

Illegal Myanmar Teak Importation Widespread to EU, Investigation Finds

The Environmental Investigation Agency (EIA) released allegations Tuesday about what it says is the illegal importation of Burmese teak from Myanmar to the EU. In a two-month undercover investigation, staff from EIA, a UK-based campaigning organization, posed as prospective buyers and approached nine importers working in five EU countries. In a brief, the organization reports […]

Myanmar company with over 100 hectares of agricultural and plantation land looking for JV Partner

Our client a Myanmar company owns over 100 hectares of agriculture and plantation land in Myanmar. Currently our client is only utilizing 20% of the land that they own for producing fruits and vegetables as they are only supplying to the domestic Myanmar market. The client is also doing food processing and canning and the […]

Shortlisted companies for Yangon railway project announced

Myanma Railways yesterday announced the shortlisted companies for the Yangon railway multi-purpose development project, according to state-owned media. Myanma Railways, under the Ministry of Rail Transportation, invited bids for a mixed-use development project on 63.622 acres of land. Among the 15 shortlisted contenders are companies from the US, Italy, France and the UK. A total […]

Overwhelming interest for Yangon Railway Station plot

Yangon – More than 70 local and foreign companies have submitted their expression of interests to develop the land plot surrounding the Yangon Central Railway Station, according to Myanmar Railways. An anonymous source from the tender scrutinising committee said that their bids would be shortlist and the result would be announced in the second week […]