The Yangon government has asked the regional parliament to allow it to use K8 billion (US$5.25 million) of the money meant for construction of pedestrian bridges and investment in foreign banks for road development instead. Regional Minister for Planning and Finance U Myint Thaung submitted the proposal to the Yangon Parliament on Tuesday. “These projects […]
Balloon Facility Will Squeeze out Park Users, Protesters Warn
February 22, 2017 by
Around 100 people protested against the helium balloon project planned by Myanmar Voyages International Tourism Company on 11 February, last Saturday. The helium balloon facility is expected to provide tourists with a chance to enjoy a panoramic view of the city, including Kandawgyi Lake and the Shwedagon Pagoda. The protesters, who visit Yangon’s Kandawgyi […]
Wyndham Hotel Group Expands Asia Presence With First Property in Myanmar
September 3, 2015 by
YANGON, MYANMAR, Sep 02, 2015 – Wyndham Hotel Group today announced plans to expand its portfolio of offerings in Southeast Asia to Myanmar for the first time with the signing of a franchise agreement for a 260-room Wyndham Grand hotel in Yangon, the country’s capital city. Owned by Asia Myanmar Shining Star Company, the five-star […]
Stays at Yangon’s first Sheraton Hotel are two years away
June 3, 2015 by
Starwood Hotels & Resorts Worldwide, the corporation behind the Sheraton brand, has announced its first Myanmar outpost will open in 2017. The Sheraton Yangon Hotel will be the country’s first of its kind, as US sanctions had previously deterred Starwood from doing business in Myanmar. The hotel’s construction – including the price of land – […]
Business hub sets up shop in Dagon
June 12, 2014 by
The York Center office building on Yangon’s Yaw Min Gyi Street aims to open its door this month, offering minimum six-month leases to firms looking for office space. Scipio Services has agreed to a management services agreement with the property owner, rather than developing the project through a long-term lease on Build-Operate-Transfer terms often employed […]
Yangon to get 1670 hotel rooms next year
August 17, 2013 by
The shortage of mid-range and high-end hotel rooms in Yangon should ease next year when 1670 new hotel rooms are slated to become available, a Ministry of Hotels and Tourism official said earlier this month. A further 1255 and 2455 rooms are scheduled to open in 2014 and 2015 respectively, U Aung Zaw Win, director […]
