Hotel Construction Threatens Myanmar’s World Heritage Site at Bagan

Yangon—Despite a prohibition on new construction in Myanmar’s World Heritage site, new hotels and guesthouses continue to be built within the protected property zone of Bagan, according to local residents. The 50-sq.-km property zone is an area “that has been demarcated as containing most of the cultural heritage attributes” by the Myanmar government and UNESCO. […]

Six properties in Myeik get greenlight to build hotels

The Myanmar Investment Commission has given permission to six properties in Myeik archipelago in Thanintharyi Region to construct hotels, U Nyo Aye, director of the Hotels and Tourism Department in Tanintharyi, told The Myanmar Times. Owners of the six properties, on Kyun Philar, Barlar, Phoe Ni, Wa Lal, 115 and Bo Nat Kyaw islands, will […]

Govt Invites Proposals for New Hotels in Myeik Archipelago

Subscribe to our tender alert mailing list RANGOON — The Myanmar Investment Commission (MIC) is inviting proposals for new hotel projects in the Myeik Archipelago, which will be assessed for environmental friendliness in cooperation with the Tenasserim Division government. The development of the archipelago in Burma’s far south for “eco-tourism” is prioritized in the Tourism […]

Local investment in Myanmar has risen 110 billion Kyats (US$114 million) to 3 trillion Kyats (US$3.2 billion) in July, according to the Ministry of Commerce

Over 101 billion Kyats –  91 percent of the investments made by local businesses last month – was added to the manufacturing sector. Total local investments in manufacturing reached 801 billion Kyats ($827 million) by the end of July. Local businessmen invested in new rice factories, sugar plants and manufacturing various construction materials in July. They […]