Australian firms urged to invest in Myanmar

Nick Cumpston, counsellor at the Australian Embassy, said in an exclusive interview that the Australian government would encourage its businesses to seize enormous opportunities in the emerging market, thanks to Myanmar’s potential for faster growth in the near future. According to Cumpston, Australian firms’ interest in Myanmar has been on the rise, driven by the […]

Indian Rupee appreciation helps international travel to Myanmar

This summer, outbound travel has seen a different pattern. Neighbouring destinations such as Myanmar, Bhutan or countries the US or the UK have seen a bigger growth, thanks to the rupee appreciation. Brexit and the falling pound corresponding to the rising rupee have caused a sharp increase in the number of travellers to the UK. […]

Titan Petrochemicals getting into Myanmar

The group said in a press release that its Surplus Full unit would be forming a 49-51 joint venture with a paid up capital of RMB10m ($1.5m) with Yunnan Investment Group to promote a 5m tonne oil refinery project in Myanmar as well as develop other business in the energy, tourism, railway and finance industries. […]

International hotel chains open their doors in Myanmar

Since opening up the country, more tourists come and discover Myanmar and it is expected to grow even more. Therefore, more and more investors are seeing chances to begin their business here. That is why a lot of new hotels will open their doors as well in 2017. Since the new government, led by National […]

Myanmar’s beach destinations to watch

Myanmar’s four key beach destinations – Ngapali, Kawthaung, Ngwe Saung and Chaungtha – are emerging as up-and-coming tropical getaway spots in Asia, each with its own distinct characteristics. According to C9 Hotelworks’ new Ngapali Beach Tourism Market Review, the impact of more airlift to Ngapali’s main gateway of Thandwe last year pushed growth up 28 […]

Planning an MPA system in Myanmar: Interview with Phil Dearden

The Southeast Asian nation of Myanmar officially emerged from military rule and geopolitical isolation in 2011. A civilian government now holds power, and the nation — home to more than 100 ethnic groups — is reopening itself to the world. Part of this reopening is in the realm of marine conservation: the government is partnering […]

Rangoon Mayor Announces Regional Plans to Ease Guesthouse Restrictions

​​ RANGOON ¬– The Rangoon divisional government plans to relax restrictions on guesthouses and hostels, according to Rangoon mayor U Maung Maung Soe, yet Union laws barring international visitors from staying in such establishments remain intact. U Maung Maung Soe said that in April, the divisional government would amend the 2013 municipal law which sets […]

Myanmar surpasses FDI target of $6 bn in fiscal year 2016-17

“We have approved 135 foreign businesses according to the Foreign Investment Law during this fiscal year,” he said this week. “Meanwhile, we have approved FDI inflows of $262.59 million in the Thilawa Special Economic Zone, according to our SEZ Law. In total, we could approve $6.87 billion [Bt240 billion] this year.” Aung Naing Oo is […]

Rakhine airport in Myanmar to be built by tender

The Rakhine State government will invite tenders for the construction of an airport in Mrauk-U, State Planning and Finance Minister Kyaw Aye Thein said. He told the Myanmar Times that the decision to put the airport project out to tender was due to insufficient funds in the state’s budget which allocated K2 billion a year […]

Myanmar and China to Hold Tourism Forum to Boost Travel Industries

​​ A China-Myanmar tourist coopera­tion forum, the first of its kind, will be held in Myanmar’s capi­tal of Nay Pyi Taw this week to deepen bilateral exchanges in the tourism sector. The March 1st forum, co-hosted by the China National Tourism Admin­istration (CNTA), the My­anmar Ministry of Hotels and Tourism, the Chinese Embassy in Myanmar […]