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 […]

Singapore Consortium Wins $2.5-m Kyaukphyu SEZ Consultancy Deal

Singapore-based consortium Creative Professional Groups (CPG) has won a tender bid to get selected as the consultant firm for the Kyaukphyu Special Economic Zone (SEZ) in Myanmar’s southeastern Rakhine state. CPG came out on top out of a total 17 companies that bid for the tender worth $2.5 million, while Netherland-based KPMG was selected as […]

Myanmar to purchase more ocean liners

YANGON—Myanma Five Star Line will be purchasing three more ocean liners, according to MFSL deputy general manager Maung Maung Soe. As the national flag carrier of the Republic of the Union of Myanmar, MFSL now operates shipping services by running with 22 ocean-going vessels for domestic and foreign travel. “We are planning to buy three […]