Tachilek on an e-Visa

Chiang Rai, 17 January 2017: Travel to the Mekong Region is often called the ‘last frontier,” but with a littler effort the frontier hassles can be rolled back for the determined traveller. A phrase coined to conjure up the mystique of travel ironically identifies the major snag for travellers to the Greater Mekong Sub-region; frontiers. […]

DICA’s Invitation to Shan State Investment Fair on Feb 10, 2017. Please response by Jan, 31st 2017

It is our great pleasure to invite you and your business community to the SHAN STATE INVESTMENT FAIR, which will be held at the Royal Taunggyi Hotel in Taunggyi in Myanmar on 10th February 2017(Friday), co-organized by Myanmar Investment Commission (MIC), Japan International Cooperation Agency (JICA) and Southern Shan State Chamber of Commerce and Industry […]

Handicrafts Makers Say Intellectual Property Rights Law Needed to Boost Creative Industries

​​ Myanmar’s handicraft entrepreneurs have called on the government to speed up the process of passing legislation to protect intellectual property rights for artists, musicians and handicraft innovators. Intellectual property plays an essential role in Myanmar, including in the arts and crafts business, said Daw Ei Ei, secretary of the Myanmar Arts and Crafts Association, […]

Airport That is Set to Become Myanmar’s Largest ‘to Open by 2020’

​​ The Hanthawaddy International Airport will go ahead as a national project within the current term of government, Myanmar Vice President U Henry Van Thio has pledged to the committee charged with the airport’s construction. Once completed, it will become a major gateway for international airlines, U Henry Van Thio, the chairman, told the committee […]

Rangoon to Launch Public Waterfront Area in 2017

​​ RANGOON — In an attempt to promote tourism, the Rangoon Division government will open a public downtown waterfront area next year, creating another tourist destination in Burma’s business hub. Situated on the bank of Hlaing River, also known as the Rangoon River, the former capital of Burma boasts a long riverfront, but public access […]

Ministry Declines ADB Infrastructure Loans

​​ As lawmakers last week questioned the government’s reliance on foreign loans, the tourism ministry decided to decline US$45 million offered by the Asian Development Bank. The loans and the ministry’s goals were at cross purposes, according to U Yee Mon, who serves as permanent secretary of hotels at the Ministry of Hotels and Tourism. The […]

Chambers of Commerce to suggest economic development in seven sectors

To effectuate the development of local businesses, the Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) will give guidance on the needs in seven different sectors — agriculture, construction, energy, manufacturing, tourism, technology and finance, said U Zaw Min Win, the chairman of UMFCCI. The UMFCCI will submit an assessment report in […]

Singapore and China top in FDI

Singapore and China invested the most in Myanmar as of 31 October this fiscal year, according to the Directorate of Investment and Company Administration (DICA). Singapore stands at the top of the list with a foreign direct investment (FDI) of US$2,529.803million from April to the end of October this fiscal year, followed by China with […]

Myanmar Receives US$2.5 Billion in Connection to 65 Foreign Investment Projects in Hotels And Tourism

Myanmar has received almost US$2.5 billion (Ks3.3 trillion) in foreign investment injected into 65 projects in the hotel and tourism sector as of the end of October 2016, the Directorate of Investment and Companies Registration (DICR) has reported. After recording $2.481 billion invested into the hotel and tourism sector by the end of October, foreign […]

Myanmar Companies Ramping up Tourism Industry

YANGON — Leading companies in Myanmar are building up the tourism industry in a bid to capitalize on the increasing number of foreign visitors to the Southeast Asian country since democratic reforms took place. First Myanmar Investment signed an agreement in October with its Singapore-listed affiliate Yoma Strategic Holdings and other companies, including SHC Capital Asia, […]