fbpx

Rakhine opens new beaches for hotel, tourism investments

The Ministry of Hotels and Tourism and the Rakhine State Government will open up new beaches along the Rakhine coast for new hotel projects in order to draw more tourism investments into the state, said U Ye Aung Moe, director of Ministry of Hotels and Tourism. So far, the ministry has designated the Gyite Taw, […]

Rakhine investment fair can pave way for JVs with foreign investors

The Rakhine State Investment Fair will be held at Ngapali beach in Thandwe, Rakhine Sate for three days from 21 to 23 February. The fair is aimed at generating individual job opportunities, increasing per capita income, regional development and improving the living standard. The following is the interview with Dr Htoo Min Thein, the secretary […]

Rakhine ups efforts to draw investments, hopes for development

Rakhine State will target investments in tourism, fisheries and agriculture at an investment fair that will be held in February in Ngapali, southern Rakhine, Rakhine State Chief Minister U Nyi Pu told the media in Yangon yesterday. With the aim of drawing funds that will be channelled towards the development of the state, the three-day […]

$187M Road Planned on Myanmar’s West Coast for ‘Security’ and ‘Development’

A coastal road stretching 274 kilometers (170 miles) from Rakhine State’s Thandwe to Gaw Yin Gyi Island in Irrawaddy Region’s Ngapudaw Township will be built at a cost of around 300 billion kyats ($187 million), according to Irrawaddy Region Minister for Finance and Planning U Htay Win. At the instruction of President U Win Myint, […]

German Investor in Ngapali Resort Eyes Legal Action against Ex-Partner

YANGON – A German businessman has filed an initial complaint in Yangon against the owner of Amara Ocean Resort (AOR), located in southern Rakhine State’s Ngapali Beach. U Thet Naing, a lawyer for Philipp Quack, the plaintiff in the case, confirmed that they met with Police Captain Mya Tun Kyaw, head of Yangon’s Myo Ma […]

Hotel occupancy rate along Ngapali beach declines by 11 percent

Although there have been more than 900 hotel rooms along the Ngapali Beach in Thandwe, Rakhine State, decreased number of visitors made the average occupancy rate decline by 11 percent in 2017 compared to the previous year, according to a property report (2017) published by Colliers International (Myanmar) based in Canada. Last year saw only […]

Belt and Road, Kaladan and the future of Rakhine’s economy

THE economy in the resource-rich Rakhine State is throttled by the crisis as well as the accompanying international backlash, dashing any hope of massive foreign investment in the near future. In the meantime, local communities in Kyaukphyu have demanded the stake ratio of the proposed Kyaukphyu port to be restructured so as to allow a […]

Myanmar strives for more reforms to boost tourism

Despite the decline in tourist arrivals last year, Myanmar aims to rebound its tourism growth by undertaking reforms to improve both domestic and international travels, says a tourism boss. Tint Thwin, director general at the Directorate of Hotels and Tourism, said in an interview the government now focuses on easing of some restrictions and creating […]

Myanmar aims to attract more travelers from Japan

The ministry will be setting up booths which will showcase the pristine beaches and islands of the Myeik archipelago. Regional tourism ministers of Tanintharyi Region, Kayah, Rakhine and Kayin states would also be attending the expo to promote tourism development in their areas, the Ministry of Hotels and Tourism said. Among those that will be […]

Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels

With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing […]