Myanmar’s Eden Group sets its sights on affordable housing

Tokyo Eden Group, a Myanmar conglomerate whose businesses range from construction to agriculture and finance, is set to further expand its core construction business as the company looks to provide more residences in the fast-growing country, including affordable units outside cities. “Our country needs to develop so much infrastructure and real estate,” group chairman Chit […]

Cash is Still King in Myanmar But Visa Gains Ground

​​ American payment technology giant Visa saw double digit growth in transactions in Myanmar in the past year, bolstering its efforts to break into a country dominated by cash. The numbers of locals using Visa’s pre-paid cards abroad increased by 80% in the period between October 2015 to September 2016 while the actual amount spent […]

Visa Bullish on Nationwide Growth in Myanmar

​​ S ONLY 0.5 per cent of the population has access to electronic payments so far, Visa Inc, the global payments firm, sees a lot of room for improvement in Myanmar. Arturo Planell, Visa country manager for Myanmar, said at a press conference last week that the number of Visa cards in the country had […]

6 hotels linked with Jovago offer 10 to 50 per cent promotion

To boost the number of travellers to Ngapali, six hotels linked with Jovago will offer 10 to 50 per cent promotion, it is learnt. Jovago has linked with a total of nine hotels in Ngapali which receive a small number of travellers mostly because of costs and difficulties in transportation. There are four wellknown beaches […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]

MIC Gives Amazing Holidays go Ahead to Build Golf Course, Hotels in Thandwe

Amazing Holidays Hotel and Resorts Co Ltd has won the contract to kick off a construction project on a 100-plus acre plot in Thandwe Township, a statement from the Myanmar Investment Corporation (MIC) said. The land comes under the jurisdiction of the Rakhine State government. In a meeting on Friday, MIC decided to grant permission to […]

Yangon known for its secondhand book stalls as well as golden pagodas

MENTIONING elephants is a big mistake. It’s how, on a trip to Myanmar, I come to be known as the Elephant Man. It all begins late one afternoon in Yangon, the delightfully decrepit capital of a former hermit nation that’s opened up to the outside world and on its way to becoming South East Asia’s […]

Max Myanmar sells two beach hotels to Amazing Group

Max Myanmar Hotels has sold two beach resorts toAmazing Hotels & Resorts – one on land that was confiscated from villagers by the Tatmadaw ostensibly for the development of a military compound. The subsidiary of conglomerate Max Myanmar Holding sold its hotels on Chaungtha beach in Ayeyarwady Region and Ngapali beach in Rakhine State earlier […]

Ngapali Beach, Mrauk Oo to See Extra Police Force

The Myanmar Police Force (MPF) will deploy more tourist police in Thandwe and Mrauk Oo in Rakhine state due to the rising number of tourists in those areas. The areas that will see beefed up security are Thandwe, Kyauktaw, Ngapali Junction, Mazin Airport, Mrauk Oo Archaeology Museum, Shiqthaung Pagoda and Mrauk Oo Airport. The tourists […]

Plans laid for 20-year Ngwesaung development project

Plans for a 20-year Ngwesaung development project have been drawn and will be implemented in four five-year phases, in order of importance, according to Ministry of Hotels and Tourism. The socioeconomic development plan is designed to urbanise the beach village, introducing infrastructural development such as electricity, telecommunications and even a small airport, as well as […]