An Italian company has been granted permission to develop a hotel project worth US$3.2million in Tanintharyi Region’s Kawthoung district, according to the Directorate of Investment and Company Administration (DICA). The move will be carried out under a joint venture – Myanmar Green Century – with a local company, DICA’s director U Kyaw Win Tun told […]
Myanmar’s tourism industry faces challenges
June 29, 2017 by
Myanmar’s tourism industry has experienced a significant decline compared to previous years. To understand the causes for this development the Global New Light of Myanmar interviewed U Thet Lwin Toe, chairman of Myanmar Tourism Entrepreneurs Association. Q: May I know current situation of tourism industry? The country’s tourism sector rose in 2012 like a tsunami. […]
Luxury development to launch in Myanmar’s Ngwe Saung
June 17, 2015 by
A NEW mixed-use development is coming to Ngwe Saung’s shores by end-2017, where it will raise luxury standards, room inventory and tourism infrastructure. Developed by Karaweik Coast, a joint venture company by Hong Kong-based H&CO Real Estate Holdings and Myanmar’s Mya Bay Development Company, the project will come with 512ha of hotel space along 8km […]
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