Memories Group acquires stake in three Yangon hotels
Prominent local tourism company Memories Group has acquired a 15.28 percent stake in Strand Hotel International Limited (SHIL), in a deal worth USD 3.19 million. The deal involved interests in three Yangon based hotels, as well as a well-known cruise
Airport set to open in Chin State by 2020
A planned airport in Falam, the first to service remote Chin State, is planned to be open in September 2020, according to a report in the Myanmar Times, citing an official from Myanmar’s Civil Aviation Department (CAD). Construction of the airport,
Rakhine government aims to boost investment
The Rakhine State government will hold an investment fair at Ngapali Beach, in the south of the state, in February. It is aimed at promoting trade mainly in the areas of tourism, fisheries and agriculture. “Our aim is to generate investor interest
Tourism bylaws to be released soon by the ministry
Tourism bylaws setting out the rules and regulations for the industry could be released this month by the Ministry of Hotels and Tourism. Parliament approved a new Tourism Law last year, and since then has been working on the new bylaws. The changes
First solar-powered yacht launched in Myeik
Luxury cruise company Burma Boating has announced that the first solar-operated yacht in Asia will begin sailing later this month in the Myeik Archipelago. Burma Boating, which is part of the Singapore-listed Memories Group, said that the new boat is
