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Unable to break protectionist curse, FMI bites the dust

FMI Air became the third domestic airline to throw in the towel on July 20, after more than five years in operation. Amid the winding up of joint venture proposals and local firms, this is the latest alarm that businesses are running out of patience with the government’s rigid protectionism in the aviation industry. “Operating […]

More Asian Travellers Expected to Arrive in 2018

Industry players forecast tour packages from Asian markets to jump 25 percent in 2018 and 2019, while arrivals from European countries could dip by almost 20pc for the same period. U Khin Zaw, advisor of the Union minister of Hotels and Tourism, told The Myanmar Times on January 3 that the change in arrival pattern was […]

Kyaiktiyo Cable Car Set for Sept Launch

Over 80 per cent of the Kyaiktiyo cable car project is finished, according to Han Jung Seuk, project manager of Sky Asia, the company behind the project. Han Jung Seuk said: “Although we expected it to be finished in April, the project could not be finished in time due to bad weather and shortage of […]