U Thein Tun picks Bagan as first hotel destination

MYANMAR businessman U Thein Tun extended his hospitality business portfolio to Bagan on September 21. The new hotel under the brand Bagan Star already has 81 rooms up and running. (U Thein Tun also owns Myanmar Consolidated Media, which publishes The Myanmar Times.) “Bagan is very attractive, with a great potential for the tourism industry […]

Yangon Low-Cost Apartments to Be Sold Next Month

Apartments in five low-cost housing projects will be sold based on a drawing-lots system at the Office of Urban and Housing Development Department on September 2, U Nway Hmu, deputy director of the housing development division under the Urban and Housing Development Department, told The Myanmar Times on August 28. 991 apartments from housing projects located in Dagon Seikan […]

Gold Traders Mull Over Plans to Set up Gold Exchange

The gold industry and the government agreed, in principle, to establish a gold exchange under then-president U Thein Sein’s tenure. Over the last year, the National League for Democracy-led government and industry associations have been seeking to set up an exchange market where gold and metal could be freely traded in one place. In the […]

State Counsellor Stresses Belt and Road Needs to Align National Priorities

At the BRI summit in May, the State Counsellor stressed that BRI-led projects should complement national priorities and take into account the welfare of local communities, and highlighted the need to ensure responsible business practice. Local analysts and commentators in Myanmar have spelt out some of the benefits and risks of Myanmar’s participation in Beijing’s Belt […]

Made Island Offshore Supply Base Receives Green Light

Myanmar Chemical & Machinery Co (MCM) will fork out over US$96 million (K130 billion) under the Myanmar Citizen Investment Law to build an offshore supply base on Made Island in Kyaukphyu, Rakhine State, project director U Tin Soe told The Myanmar Times. The location lies along the 1,000-mile Rakhine-to-Kawthoung coastline, where a host of international […]

Car brokers decry decision to close the Thiri Mingalar car sales centre

The Yangon City Development Committee (YCDC) on Thursday announced the closure of the Thiri Mingalar car sales centre in Ahlone township as it is a dangerous building, but the car brokers are criticizing the decision. It is difficult to relocate on short notice, there are many cars in the centre and they are facing parking […]

Myanmar to Resume Issuing Visas on Arrival to Visitors

The Ministry of Labor, Immigration and Population agreed to resume issuing visas on arrival (VOA) to foreign visitors after negotiating with the Ministry of Hotels and Tourism, a senior tourism official said. “We got initial agreement with the ministry of labor, immigration and population but the immigration department will still decide on the number of […]

Myanmar Can Raise Value, Volume of Agriculture Exports by Going Organic

Myanmar has potential to develop an organic market that will help to boost the value of local crops produced for export purposes and farmers’ standards of living. In fact, farmers in Myanmar already use less chemical fertilisers and pesticides compared to their neighbours, yet many are reluctant to venture into the organic market owing to […]

Myanmar aims to attract more travelers from Japan

The ministry will be setting up booths which will showcase the pristine beaches and islands of the Myeik archipelago. Regional tourism ministers of Tanintharyi Region, Kayah, Rakhine and Kayin states would also be attending the expo to promote tourism development in their areas, the Ministry of Hotels and Tourism said. Among those that will be […]

Quality Cotton Seeds Running Out Even as Demand Rises

National produciers of cotton – one of Myanmar’s strategic export crops – are facing problems accessing seeds, cotton farmers told The Myanmar Times. Cotton is cultivated twice a year across two seasons. However, cultivation has become expensive since farmers must now buy seeds from private agriculture companies due to insufficient government supplies. “The cost to […]