Mandalay gets boost from hotel zone project

Encouraged by the increasing tourist arrivals, Myanmar Tourism Development Company (MTDC) will start developing a new hotel zone project on 808ha of land in Tada Oo Township in Mandalay by end-January. Yan Win, chairman of MTDC, a business arm of Myanmar Tourism Federation, said the project will cost about US$560 million and will include the […]

Yangon airport arrivals hit record in 2014: govt

Tourist arrivals through Yangon International Airport hit a record high in 2014, rising more than 20 percent, figures from the Ministry of Hotels and Tourism show. The number of foreign visitors arriving through the Yangon gateway increased 21.11pc to 972,597, up from 803,014 in 2013. About 698,206 visitors, representing more than 70pc of total arrivals, […]

Economic reforms gain momentum

It’s been almost four years since President Thein Sein came to power and launched his reform programme. This year sees Myanmar attempt to connect to the global economy. The economic reform is a long road ahead that requires strong efforts from both the government and private sectors. There is some progress, especially in the liberalisations […]

Myanmar firm picks Puma Energy as jet fuel distribution partner

Dec 20 (Reuters) – Myanmar’s state-owned Myanma Petroleum Products Enterprise (MPPE) has chosen Puma Energy Group from a shortlist of four firms as its partner to distribute jet fuel, as demand rises from new airports and a boom in tourist arrivals. MPPE is the sole distributor of jet fuel in the Southeast Asian country, providing […]

Number of hotels reach 1000

The number of hotels in Myanmar has increased to 1,000, according to a report from the Ministry of Hotels and Tourism. The country presently boasts six five-star, 17 four-star, 83 three-star, 116 two-star and 102 one-star hotels as well as the ministry-approved 599 hotels, motels and inns. The combined capacity is at 38,722 rooms, considered […]

Shangri-La to invest $115m on new hotel

Hong Kong-based Shangri-La International Hotel Management has announced an investment of US$115 million to build a 350-room Lakeside Shangri-La hotel near Kandawgyi Lake. The hotel, which will be located near the Shangri-La residences that were opened recently, will be the second, after Traders Hotel, to be operated in Yangon by Shangri-La. The ground-breaking ceremony was […]

Local airports to be handed over to private sector

Subscribe to our Tender Alert. We send out email alert on Tender and EOI as it happens. YANGON—Local airports in Myanmar are being allowed to approach private companies to handle their operations, according to the Directorate of Myanmar Aviation Department. There are 69 domestic airports in Myanmar. Among them, only 32 airports including Nay Pyi […]