Visa and KBZ to Produce Kyat-Denominated Credit Cards

RANGOON — Burma’s KBZ bank and international payment provider Visa announced on Thursday that they would jointly issue new payment cards, after receiving the green light to do so from the Central Bank of Myanmar the day before. The Central Bank announced on Wednesday that international payment providers could now offer products and services in […]

Development waves hit Myanmar’s regional cities

YANGON — Large mixed-use projects are under construction in Mandalay and other regional cities across Myanmar as developers broaden their focus outside of Yangon, the country’s largest city. Local real estate giant New Star Light Construction is slated to complete a commercial-residential complex in Mandalay this year, the biggest in the nation’s second-largest city. The […]

Foreign Travelers keen on Going to Chin and Shan States

​​ YANGON – Foreign visitors are keen on going to Chin and Shan states rather than other regions such as Bagan, Taunggyi, Inle and Mandalay, which were previously the more popular tourist destinations, says Phyo Wai Yazar from All Asia Exclusive Travel @ Tour Co Ltd. During December, the number of tourist arrivals in hilly […]

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 […]

Inle Lake, the most visited spot in Myanmar

Nyaungshwe, the principal town in the Inle Lake area, tops the list of most popular international travel destinations in Myanmar, followed by Bagan- NyaungU, which hosts about 300 foreign visitors per day. Approximately 600 foreigntourists enter Nyaungshwe daily to visit Inle Lake, the popular inland freshwater lake. The Ministry of Hotels and Tourism has put […]

Mandalay’s Chanmyashwepyi Bus Terminal to be upgraded

MANDALAY City Development Committee plans to improve the Chanmyashwepyi (Kywesekan) Bus Terminal located about 10 km (8 miles) central Mandalay, before the end of this year. The M-development Corporation Myanmar will improve the 14.2-acre bus terminal through the Build, Operate and Transfer (BOT) system. The project will start after an agreement is signed between the […]

Button Mushrooms Cultivation To Be Extended

The cultivation of button mushrooms, which can be preserved by canning, will be expanded after successful experimental cultivation, it is learnt from Myanmar Agri-Tech Limited. This canned mushroom variety was experimentally cultivated in Taunggyi and Heho townships in November, 2015, resulting in a successful harvest. A total of five mushroom farms will be cultivated this […]

Steel mill in Taunggyi, Shan State, to start its operation in October

A stel mill using Romelt Process will be operational in October, said an official from the Ministry of Industry. This mill is established on 5,260.50 acres of land at Pin Pet region, 8 miles away from Taunggyi, Southern Shan State. The ministry already entered into agreement worth 137 million euros with Tyazhprom Export from Russia […]

Ministry gets tough on licences for foreign guests

Guesthouse owners have criticised a government decision they say will stop them taking in foreign tourists. Under the law, owners who let rooms to foreign guests without a licence could be jailed for three years. U Myint Htwe, director of the tourism ministry, told The Myanmar Times that the law would be applied to guesthouse owners even if […]

New hotel construction prohibited in Yangon, Mandalay, Taunggyi, Nyaung Shwe and Kalaw

Construction of new hotels has been halted in Yangon, Mandalay, Taunggyi, Nyaung Shwe and Kalaw due to the burgeoning number of rooms at hotels, motels and guest houses that far outnumber the demand from tourists, it is learnt from the Ministry of Hotels and Tourism. According to ministry statistics, 46 per cent of the rooms […]