Local Companies Invest US$ 45 Million in Luxury Napyidaw Hotel

NAYPYIDAW — Though Burma’s new capital Naypyidaw has developed a reputation as being somewhat of a ghost town, international hotel group Kempinski is confident about its prospects as it prepares to open a new luxury five-star hotel there in November. Local conglomerate Kanbawza (KBZ) Group and Jewellery Luck Company have invested US$45 million total, taking […]