Girish Jhunjhnuwala had one of those life-changing light bulb moments on a busy street in his hometown of Hong Kong. He watched as a pedestrian asked a man passing by for the time. The man pulled out a mobile phone, which was not yet ubiquitous back in the 1990s. Just like that, he recalls, “I […]
Life After Wristwatches: Two Brothers Run Rival Hotel Chains Under the Same Corporate Umbrella
Investors want a stake in Yangon boom
YANGON, 24 January 2014: Ministry of Hotels and Tourism says international investors are eyeing opportunities in Myanmar tourism especially in the hotel business. Ministry of Hotels and Tourism director general, Aung Zaw Win, told local media that many European and Asian investors have now registered their interest in the hotel industry. “Thailand which is already […]
Manufacturing funds to double
Foreign investment into the manufacturing sector this year has already more than doubled all of last year, said director general U Aung Naing Oo of DICA, the Directorate of Investment and Company Administration. From April through September, nearly US$1.8 billion has flowed into the country, of which nearly $1 billion has gone to manufacturing, compared […]