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Chinese businesses moving into Bagan

Chinese nationals are starting businesses in Bagan, buying or renting hotels and restaurants, since early this year, according to local tourism and restaurant businesses. The proposal to list Bagan as a UNESCO World Heritage Site, which was submitted in 2018, could be one of the reasons for the interest, according to the businesses. Chinese nationals […]

Investors could channel up to US$4.9 billion into Rakhine this year

Foreign and domestic companies last week signed 28 expressions of interest (EOI) to conduct business worth a potential US$4.9 billion in the state this year. The bulk of the EOIs were signed by businesses in the hotel and tourism sector, said U Kyaw Aye Thein, Rakhine State Minister of Finance, Revenue, Planning and Economy. “These […]

Cruise ship arrives in Mergui

The ‘last island paradise’ of the Mergui Archipelago, straddling Myanmar and Thailand, has been in the spotlight with a high-level inspection and a day visit by a large super-cruise ship last week. The group of over 800 islands, for decades dubbed ‘the forbidden islands’ following its closure to all by the Burmese military junta since […]

From boom to bust for Bagan hotels

The humanitarian crisis in northern Rakhine and jailing of two Reuters journalists have hit hospitality businesses in Bagan hard, industry players admitted. But the problem goes beyond these two factors, they said. The government’s lack of law enforcement and absence of infrastructure support have throttled hotels and tourism. On a recent visit, a herd of […]

Shady Bagan Projects Reported to Anti-Corruption Commission

MANDALAY – Locals of Bagan, the archaeological zone in central Myanmar, said they have filed a complaint to the Anti-Corruption Commission of Myanmar and requested an investigation into development and conservation projects that were done in their area. Save Bagan, a local activist group focusing on the conservation of heritage and environmental protection, told The […]

Raising the Role of Women in the Myanmar Economy

Women in Myanmar have taken a more significant role in the economy, although much more can be done to narrow the gender gap. Myanmar ranks 83 among 144 nations in the World Economic Forum’s Gender Gap Report 2017, which is higher than major Asian economies including China and South Korea as well as its neighbours […]

Toddy Climbing Business Faces Fall

It takes a great deal of bravery to climb up one of the 50 metre toddy palm trees outside Mandalay. Aung Zaw, a “tapper” or “climber”, has done it for 15 years. Strong winds, shaky ladders, slippery rugs, almost nothing scares him. Today, however, he fears for his job as the toddy industry is in […]

Shwedagon Pagoda to be Discussed as World Heritage Site Nominee

​​ RANGOON — Shwedagon Pagoda will be discussed as an addition to a UNESCO tentative list that will inform future World Heritage nominations, according to a UNESCO Rangoon announcement on Friday. Meetings between UNESCO and the Ministry of Religious Affairs and Culture will be held at Rangoon’s Department of Archeology and National Museum office on […]

5th Conference on Myanmar Media Development Held

  Afterwards, speeches were heard from the head of UNESCO (Myanmar) Ms. Min Jeong Kim and the Swedish ambassador to Myanmar H.E. Mr. Staffan Herrström, followed by the presentation of an audio file sent by U Khin Maung Lay (Pho Thaukkyar). After the address made by U Thiha Saw, executive director of Myanmar Journalism Institute, […]

IFC Clarifies Bagan Loan to in-Limbo Hotel, While Govt Says Status Remains Up in The Air

The International Finance Corporation’s funding of a local hotel developer whose Bagan tourism project remains in limbo is dependent on government approval, the IFC clarified yesterday. On October 22 the IFC announced a loan of US13.5 million to United International Group, which owns Amata Hotel Group, to expand on its hotel developments at Bagan and Inle lake. […]