After a pause of eight years, France is going to expand existing investments and make new ones in Myanmar, a senior official of the Myanmar Federation of Chamber of Commerce and Industry (UMFCCI) has revealed. “They have trust in Myanmar. As French organizations have learned there are many prospects here, they are coming to invest […]
Plans to Accept $79M French Loan Shelved
December 20, 2018 by
NAYPYITAW—The Union Parliament on Thursday voted down the government’s proposal to receive loans worth 70 million euros ($79.3 million) from the French Development Agency (AFD). Just 34 votes were in favor of the proposal and 497 against, with six abstentions despite the deputy minister for planning and finance attempting to convince lawmakers that the project […]
12 applications for first phase of Yangon highway project
November 26, 2018 by
The Ministry of Construction says it has received 12 prequalification applications for the Yangon Elevated Expressway Project (YEX) Phase 1. The deadline for submissions of prequalification applications was November 13, and the ministry has announced the companies or consortiums that submitted applications for the project. The companies/ consortiums are VINCI Highways from France, Team Korea […]
Myanmar opens visa-on-arrival door
August 3, 2018 by
YANGON, 31 July 2018: Myanmar confirmed late last week it would ease visa procedures for three nationalities 1 October. Tourism officials quoted government sources saying tourists from Japan, South Korea and China would be granted a visa-on-arrival for up to 28 days. Details were sketchy with none of the official websites for the Hotels and […]
New GMs for Hotel G in Yangon, Singapore
June 28, 2018 by
Hotel G Yangon has welcomed a new cluster general manager, Serge Rigodin, who will also lead the nearby Inya Lake Hotel. A native of Grenoble, France, Rigodin has managed a number of other GCP Hospitality properties, most recently the 308-room Hotel G Singapore. Prior to Singapore, Rigodin was director of residences at Embassy House, a […]
Myanmar turns attention to Asian travellers as European markets decline
May 29, 2018 by
With Asian markets dominating in the face of declining European arrivals, Myanmar tourism players are shifting their focus to intra-regional travellers. The Asian market accounted for 70 per cent of international arrivals to Myanmar in 2017. Growth in the market is led by Vietnamese visitors, with a 75 per cent year-on-year increase at Yangon International […]
With its economy opening, Myanmar scoping seafood opportunities
May 28, 2018 by
The Southeast Asian country of Myanmar remains a relatively unknown commodity in the seafood world. With a population of 53 million, ranking it larger than South Korea and Canada, and more than 2,000 kilometers of coastline, according to the World Resources Institute, Myanmar’s potential as a seafood-producing state is significant. But a repressive military junta, […]
