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Myanmar Suspends a Show Money Policy for Certain Visitors

A notice was released August 1, suspending the policy requiring that Japanese, Korean and Chinese tourists are to show $1,000 as a proof of funds. This change in policy came after the Ministry of Hotel, and Tourism faced opposition. Even coming from the tourism sector itself. The order was released on July 20, granting a […]

Casinos may be allowed to operate after gambling law amendment

Casinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA) this week. This comes after five regional and state chief ministers from Mandalay, Tanintharyi, […]

Locally Made Buses Get the Go Ahead

​​ Local vehicle manufacturer Myanmar Motor Corporation  (MMC) will begin the production of buses for both domestic and international markets, after the Yangon based company was given the nod by the Myanmar Investment Commission (MIC). MMC has set aside $10 million for the operation which covers upgrades to its Mingaladon assembly facility and production costs.  […]