fbpx

Colliers Property Report: Yangon Hotel Quarterly Review Q2 2018

  Influx of Asian Tourists Spurred Demand Paul Ryan Cuevas Analyst | Research & Advisory As of H1 2018, Yangon witnessed a significant 6% YOY rise in the citywide occupancy rate. Resulting from the improvements in the overall tourist arrival figures coupled with the absence of project completions in Q2 2018, occupancy almost breached the […]

Myanmar to construct national water resources committee headquarters with World Bank loan

YANGON, June 13 (Xinhua) — Myanmar has borrowed 10 million U.S. dollars’ loan from the World Bank to construct the headquarters of the National Water Resources Committee (NWRC) , the official Global New Light of Myanmar reported Wednesday. Along with the headquarters, a hydro-informatics center will also be built, Dr. Khin Ni Ni Thein, secretary […]

Myanmar VP calls for more efforts to attract intra-ASEAN travelers

YANGON, June 13 (Xinhua) — Myanmar Second Vice President U Henry Van Thio called for more efforts to attract intra-ASEAN travelers to the country, Myanmar News Agency reported Wednesday. Addressing the opening of the the Myanmar Tourism Conference in Nay Pyi Taw Tuesday, U Henry Van Thio urged for targeting Eastern countries of China, Japan, […]

Minister calls for earthquake readiness

Due to frequent earthquakes in 2018, the issue has become a challenge for Myanmar, said U Win Myat Aye, Union minister for Social Welfare, Relief and Resettlement. “Earthquakes have become a challenge that must be seriously addressed in Myanmar,” he said on Thursday. Myanmar was hit by 31 earthquakes in January, 13 in February, 11 […]

Could Myanmar Get Its Foot in the Door When it Comes to Gambling Legalization?

The gambling industry is in a constant state of development and progress and this could be easily seen when the focus is on the developing markets. One such example of a country attempting to make a move and explore the vast opportunities provided by the gambling industry is Myanmar. Also known as the Republic of […]

Dawei SEZ to be Put on Track

The government will seek ways to put the once-suspended Dawei Special Economic Zone back on track as it is considered to benefit not only Myanmar but also the south-east Asia region. “To implement the project, ways must be sought to hold talks between Myanmar, Thailand and Japan” said Vice President U Henry Van Thio. The […]

Myanmar Coffee Exports to Stimulate Agro Sector

The government has placed emphasis on the diversification of crops which have wide international markets access, in addition to paddy, and it hopes to increase coffee production. Union Minister for Agriculture, Livestock and Irrigation, Dr Aung Thu, said he hopes to increase the coffee acreage to 200,000 and exports to 60,000 tons by 2030. “During […]

Myanmar moves ahead on airport

YANGON, 30 December 2016: Myanmar’s vice president, U Henry Van Thio, has called for a show of transparency to ensure the Hanthawaddy International Airport project becomes a showcase for the country’s tourism development. Global New Light of Myanmar quoted the vice president saying the airport, once completed will become a major gateway for international airlines. […]

Myanmar Lawmakers Name Htin Kyaw President, Affirming Civilian Rule

NAYPYIDAW, Myanmar — Myanmar’s Parliament elected a confidant of Daw Aung San Suu Kyi as president on Tuesday, ending decades of leadership by the military and its allies. U Htin Kyaw, 69, won with more than half the votes. He was considered almost certain to take the presidency after his nomination last week by Ms. […]