Asia Frontier Capital’s Regional Investment Analyst Scott Osheroff recently traveled to northern Myanmar to visit the mine site of one of its portfolio companies. Myanmar – Liberalization begins to unfold The National League for Democracy (NLD) seems to have potentially finally come to the realization that the economy is suffering and therefore that their party […]
Sampath Bank funds mega hotel development project in Myanmar
Sampath Bank PLC, a pioneer in introducing revolutionary financial solutions with a strong footing in the Sri Lankan market, announced that it had successfully concluded a loan transaction with Yangon based hotel developer Family Business Group Hotel Limited (FBGHL), Myanmar. This loan marks yet another giant stride in the steady rise of the Bank’s off-shore […]
Running Yangon’s largest hotel
The first thing one observes about Lotte Hotels & Resorts Yangon, Lotte Co’s newest hotel, is its sheer size: the property has 658 rooms. The second is the service. Step into the hotel and one is cheerfully greeted by employees eager to help with your umbrella and point you in the right direction. One wonders […]
Korea’s LOTTE to launch hotel, serviced apartments in Yangon
Korea’s LOTTE group will launch its awesome resort hotel and serviced apartments in Yangon on September 1 beside the picturesque Inya Lake in its march to become one of Asia’s formidable business conglomerates. Founded by Korean businessman Shin Kyuk-ho in Japan in 1948, LOTTE expanded into South Korea in 1967 with a range of confectionery […]
Government Lost Millions of Dollars as Large Firms Paid Rock Bottom Rents for Public Land – Report
Yangon’s government has lost billions of kyat in potential revenue by leasing public space to local firms at rock-bottom rates, a report from the Auditor General’s Office has revealed. The report is based on an analysis of the Yangon City Development Committee’s (YDCD) finances, which are not normally made public. Looking at the 2015- 2016 […]
International hotel chains open their doors in Myanmar
Since opening up the country, more tourists come and discover Myanmar and it is expected to grow even more. Therefore, more and more investors are seeing chances to begin their business here. That is why a lot of new hotels will open their doors as well in 2017. Since the new government, led by National […]