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India, Myanmar sign MoU towards Sittwe Port operationalisation

NEW DELHI: India and Myanmar signed an important MoU on Monday for the appointment of a private Port Operator for the Operation and Maintenance of Sittwe Port, Paletwa Inland Water Terminal and associated facilities included in the Kaladan Multi Model Transit Transport Project in implementation of India’s Act East Policy. Following this MoU the process […]

First Tourists Arrive on New Free-Visa System, 21 Western Countries to be Added

As an initial phase of implementing its new tourism strategy, the tourism ministry launched a free-visa system for tourists from Japan, South Korean and China’s Hong Kong and Macau on Monday. The move is likely to be followed in the coming years by the lifting of visa requirements for citizens of another 21 countries—especially western […]

State Counselor’s Tourism Plan Promising but Hard to Implement

While giving State Counselor Daw Aung San Suu Kyi high marks for her strategies to reform the tourism sector, tour operators point out that conditions on the ground make her suggestions hard to implement. Speaking at a National Tourism Industry Development Central Committee meeting in Naypyitaw on Friday, Daw Aung San Suu Kyi put forward […]

How Prepared Is Myanmar To Counter Terror Attacks?

Concern is growing about possible terrorist attacks in Myanmar, and questions are being asked about the government’s ability to counter such threats. We are not talking about the Arakan Rohingya Salvation Army (ARSA) terrorists who provoked retaliatory operations from the military by staging attacks against security forces, innocent civilians, ethnic tribespeople and Hindus in northern […]

Myanmar Woos China, Southeast Asian Tourists

Myanmar is shifting its tourism focus towards China and South-East Asia markets after Western and European tourist inflow witnessed a decline due to recent turmoil in northern Rakhine State. “We will focus on the countries which have good relations with Myanmar for tourism promotions, such as China, South Korea, Japan and ASEAN,” U Yan Win, […]

Telco infrastructure a bright spot amid slow infrastructure growth

THE lack of roads and other key infrastructure threatens the sustainability of Myanmar’s economic growth, which has been accelerating at over 7 percent for the past several years, according to a November report by the Economist Corporate network and Baker McKenzie. It said the country’s “ positive economic trajectory will be challenged by a massive […]

China to UN: We support Myanmar’s efforts for stability

China supports efforts by the Myanmar government to protect its national security and opposes the recent violent attacks in northern Rakhine State, Chinese Foreign Minister Wang Yi told UN Secretary-General Antonio Guterres. The military response to insurgent attacks last month by the ARSA extremist terrorists, which has been described as a terrorist group, sent more […]

Majority of Myanmar safe to visit: tourism specialists

Travellers are being urged not to give up on Myanmar amid ongoing violent clashes in northern Rakhine State, even as travel advisories are being issued and some cancellations are already being recorded. The anxious trade is sending out a ‘Myanmar is safe’ message. The mounting conflict has led to several travel warnings against visiting Rakhine […]

Myanmar’s FDI on target despite Rakhine situation

NAYPYITAW — In a bright, well-carpeted conference hall in Naypyitaw — Myanmar’s sprawling capital built by the former military government — more than 1,000 investors and business executives gathered earlier this week for the annual Euromoney Myanmar Global Investment Forum. The opening remarks on Sept. 12 by speakers including government officials and foreign and local […]

DICA Advocates for Investment in Conflict Zones

By the end of the month, the Myan­mar Investment Commission will open a branch office in Sittwe to “provide a solution to re­gional conflict,” U Than Aung Kyaw, Deputy Di­rector General of Direc­torate of Investment and Company Administration (DICA) told Myanmar Business Today. Both the Union and State governments have expressed their desire to achieve […]