Kandawgyi Palace Hotel fire Caused by Old Wires

Old wires caused the October 19 fire at the internationally renowned Kandawgyi Palace Hotel, resulting in a loss in excess of Ks37,000 million, according to an officer from Yangon East District Police. A joint team of officials from the departments of fire services, police, general administration, and electrical inspection joined with the Ministry of Hotels […]

Myanma Insurance to pay indemnities to Htoo Group

THE fire incident at Kandawgyi Palace Hotel will be classified as being 100 percent burnt-down and indemnities will be given within this month, U Lwin Oo, deputy general manager from Myanma Insurance, told The Myanmar Times. Yangon’s iconic Kandawgyi Palace Hotel, owned by U Tayza’s Htoo Group, was destroyed by a fire in the early […]

Damages at Kandawgyi Palace Hotel being inspected for insurance

Yangon’s iconic Kandawgyi Palace Hotel, which was destroyed by a fire in the early hours of October 19, will be covered by insurance, according to U Lwin Oo, Deputy General Manager, Fire and Engineering Works Insurance Section, Myanma Insurance. The Htoo Group, which owns Kandawgyi Palace Hotel has bought insurance worth almost K1.5 billion for […]