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Author Archives: minglamyan

A Floating Hotel In Yangon


A new 5-star floating hotel is set to open in early August. The hotel is outfitted from an previous boat that has been refurbished during the last year. The only thing is, it now has no engine.  It will be unique and exclusive for luxury services with rooms starting at $250 and going up to $800 per night. Called Vintage ... Read More »

Gems and Jade Trade Prospers


This year Myanmar earned more than $3.4 billion from gems trade, the most ever. The recent annual gems emporium surpassed its target and also last year’s $2.4 billion. Revenue was boosted by a rise of 20% in the price of jade as well as better access to Myanmar for foreign buyers. Over 4,000 traders from China, Hong Kong, Thailand and ... Read More »

China is Myanmar’s Largest Investor


China continues to be the country with the largest Foreign Direct Investment (FDI) in Myanmar with more than $14 billion invested as of this year. Popular sectors for foreign investment include manufacturing, mining, hotels and tourism, real estate, agriculture and construction. But by far, the the most favored sector comprising 41% of investment is the energy sector. Following China, Thailand, ... Read More »

Art Therapy for Autism


A group of artists from Thailand flew into Myanmar recently to host a two day art therapy workshop at Yangon Childrens Hospital. The workshop was run by experts in art therapy from Chiang Mai University in Thailand. Art is used as a means of improving learning skills and IQ of children with autistic disorders. The collaboration between agencies in Myanmar ... Read More »

Dusit Hotels Now Building in Yangon


Dusit International has a hotel/serviced apartment project now underway in Yangon. Research has shown that international companies have opened offices in Myanmar however there is lack of hotels and serviced apartments to meet long- stay needs for their managers. The property will also cater to tourists on holiday as well.  This is but one of about twenty properties under planning ... Read More »

Hilton Hotels Going Big Into Myanmar


Partnering with local company Eden Group, Hilton Hotels will rebrand the Thingaha Garden Hotel in Nay Pyi Taw and Thingaha Ngapali as Hilton properties.  Also, Hilton expects to open Hilton Bagan and Hilton Inle Lake in 2016 followed by Hilton Mandalay in 2017.  The 200-room Thingaha Gardens is presently nearing completion and Thingaha Ngapali a 51-room beach resort in currently ... Read More »

Bindez- Myanmar Search Engine Launches


A local company called Bindez will launch a private beta version  of their search engine followed by a public beta version sometime later.  Enter a group of tech savvy twenty somethings funded by seed capital which formed Bindez. So far, no Myanmar search tool is good at providing search results. Google, which came in March 2013, is still not fine ... Read More »

Myanmar Beauty Wins International Pageant


May Myat Noe returned home recently after beating out contestants from 30 countries to win the Miss Asia Pacific World contest. The 18 year old was the first for Myanmar to ever win an international beauty pageant. The contest has been held annually in South Korea since 2011. Under the previous government, beauty queens from Myanmar did not compete in ... Read More »

Ooredoo Building Cell Towers


Ooredoo, one of three mobile cell licensees in Myanmar said they have built 100 cell towers so far. It has started construction on another 400 and expects to have 1,000 up by the end of 2014. Each tower costs about $100,000 to construct and, on the average, rises about 60m in height. They will interconnect with the systems being built ... Read More »

Banking Sector Expands


To further increase banking and lending capacity, Myanmar will grant 10 limited operating licenses to foreign banks wanting to open one branch each in Myanmar. Granting of licenses are expected to done by the end of September. Myanmar’s banking sector was crippled for decades under the previous government. While foreign banks help spur economic development and modernize the domestic banking ... Read More »

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