Japanese joint-venture plans Yangon hotel

Hotel Okura Co Ltd said it would develop the luxury Okura Prestige Hotel with Ayeyar Hinthar Holdings Co Ltd in Yangon by 2020, with five more hotels due in the next five years. The company expects to sign a contract with Yangon Technical and Trading Co Ltd, a subsidiary of Ayeyar Hinthar, in August, working […]

Indonesia’s Timah set to begin Myanmar tin exploration in June

Tin miner PT Timah (TINS) is set to begin tin ore exploration in Myanmar in June, marking the start of the company’s expansion in the Southeast Asian country. Timah president director Sukrisno said Tuesday that the company was close to obtaining its mining site recommendation. “We have already obtained forestry- and agriculture-related recommendations. Hopefully we […]

Foreign banks get gradual access to market

Though foreign banks are hoping to enter the banking market in Myanmar as quickly as possible, more regulation and infrastructure – and a number of intermediary arrangements – are needed before that can happen, officials told an international banking and finance conference in Yangon on July 16. Daw Naw Eh Hpaw, deputy director general of […]