Visitor growth to Myanmar slows to 2% this year

Growth in passenger numbers in the aviation sector stalls this year, as the humanitarian crisis in northern Rakhine has “discouraged potential visitors”, according to a Singapore-based aviation industry consultancy. The report “Myanmar international aviation: overcapacity as tourism growth slows” was produced by Centre for Aviation (CAPA) last month. Visitor numbers from Western Europe fell by […]

Myanmar Unveils New Tourism Branding

YANGON, Myanmar, Sept. 17, 2018 /PRNewswire/ — After five years, Myanmar is replacing its tourism branding — Let the Journey Begin — with “Be Enchanted”. The new brand portrays Myanmar as a friendly, charming, mystical and as-yet-undiscovered destination. “Be Enchanted” the tagline is as much a promise as it is an invitation. It’s realization. It’s […]

Memories Group acquires two Myanmar hotels, island development rights for US$40.7m

MYANMAR-based tourism firm Memories Group, in its first earnings report since its Catalist debut in January, posted on Wednesday a net loss of US$1.7 million for the three months ended June 30, widening from US$698,000 in the year-ago period. A spin-off of mainboard-listed Yoma Strategic Holdings’ tourism-related businesses, the company also announced it had acquired […]

MSH’s education revenues grow as hospitality tumbles

Shares of Myanmar Strategic Holdings (MSH), a London-listed consumer business developer and operator with operations in Myanmar, remained unmoved at US$9.50 per share despite the company announcing narrower losses for the year ended March 31, 2018. MSH runs hospitality and education businesses in Myanmar. During the year, the company’s new education division in Myanmar helped […]

Myanmar Global Investment Forum 2018, 11-12 September 2018, Nay Pyi Taw, Myanmar

As the Myanmar economy returns to a more robust rate of growth, domestic and foreign investors continue to evaluating investment opportunities across the industrial landscape. The Myanmar Investment Forum 2018 will offer expert insights into the industries key to the Myanmar economy. With in-depth explorations of the infrastructure, energy, oil and gas, agriculture and tourism […]

Kayah State sees rising FDI, interest in agriculture sector

Investor interest in the agriculture and livestock sector in Kayah State has been on the rise in recent years, Daw May Myo Zaw, secretary of Kayah State Investment Committee, told The Myanmar Times. According to the 2018 Kayah State Investment Opportunities Survey released by the committee, investors had identified the agriculture and product manufacturing for […]

FMI Group to move forward after record revenue in FY2018

FIRST Myanmar Investment Group (FMI), one of the five companies listed on the Yangon Stock Exchange, says it will keep investing in four key sectors – financial services, healthcare, real estate and tourism – after posting record-high revenue for fiscal year 2018. The company booked more than 200 billion kyats in sales for the financial […]

Local company to invest in tourism, logistics in Kayah State’s Hoyar area

A local company has submitted a proposal to the state government to provide tourism and logistic services in Hoyar area after the Kayah State Investment Forum was held, according to the Kayah State Minister of Natural Resources and Environment U T Yal. Sut Pai Company and government departments are conducting field surveys in the proposed […]

IFC, YCDC to improve construction permit system

The International Financial Corporation (IFC) the sister organisation of the World Bank, is partnering with the Yangon City Development Committee(YCDC) to reform the city’s construction permit system and optimise the role of the private firms. “The goal of this partnership with IFC is to streamline and automate Yangon’s construction permit process by June 2019. This […]

Confident of long term growth, Serge Pun bets big on tourism, property

Investors looking for clues on where the Myanmar economy is headed may glean some insight from Serge Pun’s recent corporate maneuvers. The 65-year-old Myanmar tycoon has not been idle of late. Last month, units of Peninsula Residences Yangon, a collection of 96 private luxury homes, went on sale. The homes are part of the Yoma […]