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Lotte Hotel Yangon to be open on commissioned operation by Lotte resorts affiliate

Lotte Hotel Yangon, to be operated on commission by Lotte Hotel & Resorts, will open later this week as the company’s eighth overseas chain, officials said Sunday. South Korean retail giant Lotte will manage the new hotel for 20 years in contract with Daewoo Amara, in what will be the first five-star accommodation facility it […]

Lotte Hotel to open chain in Myanmar next month

Lotte Hotel & Resorts, the hotel arm of South Korean retail giant Lotte Group, said Tuesday it will open its eighth foreign hotel chain in Myanmar next month, as it attempts to tap deeper into overseas market. Lotte Hotel & Resorts said the new hotel in Yangon, the former capital city of the Southeast Asian […]

US human trafficking report blacklists Myanmar

WASHINGTON: The United States on Thursday blacklisted eight more countries for failing to combat human trafficking, including fledgling democracy Myanmar, but was criticised for taking an easier line on Thailand. Announcing the release of the State Department’s annual human trafficking report, Secretary of State John Kerry insisted the rankings were based on objective criteria, and […]

Thai’s BOI to open branches in Myanmar and Indonesia in push for investment abroad

THE BOARD of Investment plans to open branches in Myanmar and Indonesia next year as a priority measure to encourage Thai companies, and small and medium-sized enterprises in particular, to invest overseas. This will improve their opportunity to invest in new production plants in new export markets to boost income growth for the long term, […]

Myanmar most improved for ease of starting business

Myanmar has leapt up the World Bank’s ranking for ease of starting a business – moving from 189th out of 189 countries (or last place) last year, to 160th in new numbers released yesterday. This makes it the most improved country in the world in this category. For overall ease of doing business, Myanmar has […]