Myanmar, Thailand push ‘one destination’

Bagan: Thailand and Myanmar have vowed to stimulate tourism and raise the number of visitors between the neighbouring nations to 1.5 million by 2020 as part of the “two countries, one destination” cooperative scheme. The Tourism Authority of Thailand (TAT) signed a memorandum of understanding last Friday with the Myanmar Tourism Federation to promote tourism […]

Ministry Declines ADB Infrastructure Loans

​​ As lawmakers last week questioned the government’s reliance on foreign loans, the tourism ministry decided to decline US$45 million offered by the Asian Development Bank. The loans and the ministry’s goals were at cross purposes, according to U Yee Mon, who serves as permanent secretary of hotels at the Ministry of Hotels and Tourism. The […]

Poor renovation work decried as blighting Bagan’s ancient heritage

More than 600 ancient pagodas in Bagan have been ruined by botched renovation work, an architect has claimed. U Sun Oo, a member of the Bagan Management Plan Organising Committee, laid blame for the destruction on the practice of putting out complex and sensitive repair work to tender. Responsibility for maintaining the sacred Buddhist site’s […]

Thai investments promote tourism in Taninthayi

THAI investments are expected to promote tourism in Taninthayi Region, according to Thai media. A Thai company called Pongpipat has been building an international standard hotel in Taninthayi with an investment of US$125 million in an effort to capitalize on the promising tourism industry in the region. The hotel is being built on 50 acres […]

Thailand eyes Myeik archipelago as new investment destination

Thailand‘s tourism minister has made her first trip to Myeik archipelago to assess the opportunities for investment along the untouched coastline of Tanintharyi Region. Myeik district, home to almost 700,000 people, mirrors the far more frequently visited shores of southern Thailand, along the opposite coastline of a narrow strip of land. Officials from Thailand and […]

Entrance fees bypass Bagan temples

Where does the money from Bagan entrance fees go? Well, now we know – and just 2 percent is being put toward preserving the ancient city’s monuments. This has prompted observers to call for more of the income from entrance fees, which totalled more than US$4 million last year, to go toward conservation. Following a […]

Myanmar sees record arrivals in 2015

MYANMAR attracted a record 4.2 million visitors in 2015, with at least 800,000 entering the country by air and ship, and over 2.2 million through border checkpoints, according to the Ministry of Hotels and Tourism. In Yangon alone, over 1 million arrivals were recorded, a 13.1 per cent increase from 2014. About 815,949 of the […]

Industry banks add to sector’s risk

With each new approval of an industry-focused bank, Myanmar’s banking sector becomes riskier. Instead of creating more banks, Myanmar should streamline its existing institutions to minimise the chance of a banking sector crisis, according to international advisers, who have warned the government against the systemic risks created by sector-specific banks. However, despite an already crowded […]

Myanmar’s tourism law under scrutiny

Myanmar new tourism law will be submitted to Parliament, later this year, with the legislation giving provincial authorities more power over tourism development. The text of the law is to be circulated for comments to the tourism industry before being finalised, but operators say they have not seen the draft. Ministry of Hotels and Tourism […]

Business complex for Yangon’s historic sporting grounds stirs up controversy

Kyaikkasan sports ground covers a vast expanse of prime real estate in the heart of Yangon that has entertained and thrilled for decades, while also concealing a darker past as a temporary detention centre used during crackdowns by the former military regime. Now the historic site, once home of the colonial-era Rangoon Turf Club racecourse, […]