fbpx

Myanmar Police Say Karen Businessmen Plotted Bombings

RANGOON — Rangoon Division’s police chief says a group of ethnic Karen businessmen allegedly planned the recent string of bomb blasts in Burma to scare off foreign investors from their resource-rich Karen State. The police have detained eight suspects following bomb blasts in several states and divisions over the past week, the police chief said […]

Bomb fallout hits tourism sector

Hotel and tourism-reliant businesses have begun to feel the fallout from the bombings in Yangon and across the country last week, including one at Traders Hotel, while others in the private sector are concerned about lasting damage to tourism as the country approaches the high season. With a dozen bombs found or exploded last week, […]

Bombs aimed at scaring foreign investors away from lucrative areas of country

YANGON – A series of bomb blasts in Myanmar over the past week was intended to scare away foreign investments in the country, authorities said on Friday. Since Oct 9, there have been at least 10 small explosions or attempted bombings that have killed two people and injured several, including an American woman who sustained […]

Mon State Arrest Linked to Traders Hotel Bombing

Police in Mon State’s Thaton Township detained a man on Tuesday morning who was allegedly involved in the planting of a bomb at Traders Hotel in Rangoon that detonated late Monday night, injuring an American woman. In a statement issued by the township police station on Tuesday, authorities said they arrested Saw Myint Lwin on […]

Security tightens as the country braces for more bombs

The government has tightened security measures across the country after a series of bomb blasts in Bago and Yangon regions, police sources say. On October 11, a blast occurred in a guesthouse at Taungoo in Bagon Region, killing a man and a woman. After that blast, a bomb exploded at Insein Township in Yangon Region […]

A.M Best Insurance Co to open branch office

A.M Best Insurance Company is intended to open a branch office in Myanmar in 2015, said A.M Best CEO Dr. Roger Sellek in a meeting concerned with financial strength ratings on Friday held in Traders Hotel. “When Myanmar’s Insurance Companies is stronger in next two or three years, the company will be opened a branch […]

Yangon to get 1670 hotel rooms next year

The shortage of mid-range and high-end hotel rooms in Yangon should ease next year when 1670 new hotel rooms are slated to become available, a Ministry of Hotels and Tourism official said earlier this month. A further 1255 and 2455 rooms are scheduled to open in 2014 and 2015 respectively, U Aung Zaw Win, director […]

UN Forced Out of Billionaire Kuok’s Yangon Hotel: Southeast Asia

The United Nations is being forced out of billionaire Robert Kuok’s Traders Hotel in Yangon next month amid a tourism boom in Myanmar after housing various offices in five floors of the property since 2007. The UN signed its last lease for the hotel owned by Kuok’s Shangri-La Asia Ltd. (69) in August 2012 for […]