Chinese car manufacturer expands to Mandalay

CHINESE manufacturer expects the production of seven types of cars to commence in Mandalay Industrial Zone in the near future, according to Yan Yu, Shining Star International Holdings (SSIHL) chair. SSIHL is involved in real estate, hospitality, property management, education, healthcare and tourism related enterprises in China and Myanmar. The exact location within the Mandalay […]

Myanmar moves forward

The government of Myanmar is about to take dramatic steps to spur economic development and improve government efficiency. Several significant cabinet changes are in the pipeline, detailed economic strategies are being finalised and a shake-up in the bureaucracy is already under way. These planned changes in ministerial personnel are aimed at strengthening the government’s leadership […]

Former Sedona Hotel Mandalay to be renamed Hilton Mandalay

The Eden Group has bought the Mandalay Sedona Hotel owned by Keppel Land based in Singapore and it will be reopened as the Hilton Mandalay. Eden, one of the Myanmar’s largest conglomerates, bought the hotel for US$41 million and will entrust Hilton to manage it. The buying process started in October 2016 between the two companies. It got […]

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 insurance to thrive with competition and free market

U Myo Min Thu is the Managing Director of AYA Myanmar Insur­ance (AMI), one of the top three private insurers in Myanmar. AMI was created in 2013 follow­ing the liberalization of economic policy which permitted private insur­ers to enter the market. AMI is the insurance arm of AYA Financial Group, a conglomerate which also owns […]

Myanmar to build more hotels in southern archipelago to boost tourism

Nine local and foreign companies have been granted by the Myanmar Investment Commission to build more hotels in the Myeik archipelago in southern Tanintharyi region. According to local directorate of hotels and tourist Sunday, the new hotels will be built on 12 islands of the archipelago. There are more than 800 islands in the region, […]

Sustainability is Key to the Future of Tourism in Myanmar

Destination management is needed to achieve sustainable tourism, which will contribute to jobs and long-term growth in Myanmar. “This is Burma and it will be quite unlike any land you know about,” celebrated novelist, Rudyard Kipling, wrote over a century ago. Even today, his thoughts hold true, with Myanmar offering a unique experience to the […]

Singapore Myanmar Investco reports encouraging initial retail results at Yangon International Airport

Singapore Myanmar Investco Limited has reported revenue of US$13.3 million in its travel and fashion retail segment for the year ended 31 March 2017. Subsidiary SMI Retail only began duty free operations at Yangon International Airport in September 2016, meaning there is little meaningful basis for year-on-year comparison. The company was awarded contracts for duty […]

Myanmar’s Tourism Destination Dreams Fade Amid Empty Hotels

With its sweeping view of the Shwedagon Pagoda, a glittering golden stupa and Myanmar’s top cultural attraction, the Esperado Lake View Hotel should be in an enviable spot. Yet, just two years after it was built, this four-star hotel sits half-empty for many months at a time, according to manager Nero Kyaw Wai. “We aren’t seeing […]

Kawthaung Airport to be Upgraded to Int’l Standard

Tanintharyi regional government plans to upgrade Kawthaung Airport to an international standard facility to attract more foreign flights to southern Myanmar. “We submitted a proposal for Kawthaung airport’s expansion to the union government earlier this year and are still awaiting a decision. If approved, the project will go on (under) the union government’s budget or […]