DOCSLIB.ORG

Investment Opportunities in Myanmar's Tourism Industry

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Investment Opportunities in Myanmar's Tourism Industry Investment Opportunities In Myanmar’s Tourism Industry Presentation by: Ms. Thida Aung Assistant Director Directorate of Hotels and Tourism Ministry of Hotels & Tourism, Building No.33, Nay Pyi Taw, The Republic of the Union of Myanmar. Tel and Fax: 95 67 406249, 406104 E-mail: [email protected] Website: www.tourism.gov.mm 1. Background of Myanmar 2. Tourism Situation in Myanmar 3. Law, Rules and Notifications 4. Foreign Investment in Hotels and Commercial Complexes 5. Procedures and the Salient Points for the investment in Hotel and Commercial Building Projects 6. Conclusion 2 Background of Myanmar LET THE JOURNY BEGIN . Situates in Indochina . Area 676,577km2 peninsula . Population: 51.46 . Second largest country million in ASEAN . Density: 76/ sq km . Border with five . Capital: Nay Pyi Taw countries, . Religion: Buddhism . Bay of Bengal & Adman . Hot, Rain & Cold Sea seasons . Easily access by Air, Sea . 135 National races and Land A Country With Diverse National Races MYANMAR Major Destinations in LET THE JOURNY Myanmar BEGIN Yangon Major Destinations in LET THE JOURNY Myanmar BEGIN Mandalay Major Destinations in LET THE JOURNY Myanmar BEGIN Bagan Major Destinations in LET THE JOURNY Myanmar BEGIN Inlay Lake International Air Routes to Myanmar 1 Air Asia 2 Air China 3 Air India 4 Air KBZ 5 All Nippon Airways 6 Bangkok Airways 7 Biman Bangladesh Airlines 8 Cathy Dragon Air 9 China Airlines 10 China Eastern Airlines 11 China Southern Airlines 12 Emirates Air 13 Himalaya Airlines(H9) Hong Kong Express 14 Airways 15 Jet Star Air 16 Korean Airlines International Air Routes to Myanmar 11 China southern Airlines 17 Malaysian Airlines 12 Dargon Air 18 Malindo 13 Jet star Asia 14 Korean Air Myanmar Airways 19 International 15 Malaysia Airlines Myanmar National 20 16AirlinesMyanmar Airways International TigeTige Air 21 Nok Air 17 Nok Air 22 18QatarQatar Airways Air 23 19ScootSilk Airllines Air 24 20Silk AirSingaporeAirlines 25 21SingaporeThai Airways Airlines 26 22Thai AirThai Asia Air Asia 27 23Thai AirwaysThai Smile International 24 Tige Air 28 Thai Smiles Airways 25 Vietnam Airlines 29 Thai Lion Airlines 30 Vietjet Air 31 Vietnam Airlines Domestic Flights in Myanmar Myanmar National Airline Operate to Domestic Airport ATR-72, ATR-42, MA60, Beech 1900D, ERJ 190 - Air Mandalay (since 1994) Operate to Domestic Airport ATR-72, ATR-42 Yangon Airways (since 1996) Operate to Domestic Airport ATR-72 Air KBZ (since 2010) Operate to Domestic Airport ATR-72 Asian Wings (since 2010) Operate to Domestic Airport ATR-72, A321 FMI Air (since 2012) Operate to Domestic & International Airport CRJ200,ATR 72-600 Golden Myanmar (since 2013) Operate to Domestic Airport Airbus A320 - MannYadanarpon Airline(since 2013) Operate to Domestic & International Airport ATR 72-600 Apex Airline(since 2015) Operate to Domestic Airport ATR 72-600 International Visitor Arrivals to Myanmar 2017 Name Of Entry Points 2013 2014 2015 2016 (Jan- Sep) Yangon Entry Point 817,699 1,022,081 1,180,682 1,080,144 807430 Mandalay Entry 69,596 90,011 107,066 128,387 107176 Point Mawlamyine/ Myeik/ Muse/Tachileik/ 1,024 271 47,841 27632 Myawaddy/ Tamu/Hteekhee Nay Pyi Taw 11,842 19,261 13,835 16,224 12253 Border Tourism 1,144,146 1,949,788 3,379,437 1,634,611 1567663 TOTAL 2,044,307 3,081,412 4,681,020 2,907,207 2,522154 GROWTH 93% 51% 52% -38% 21% Hotels, Motels and Lodging-House Business Licenses (Up to Sep, 2017) Hotel Apartment Rooms Local Investment 1486 54595 Foreign Investment 27 4842 State Own Hotel 21 968 (Lease Out) J.V 6 1137 Total 1540 61542 Tour Operation Enterprise Licenses (Up to Sep, 2017) Inbound Outbound Foreign Company 1 J.V Company 41 Local Company 2628 429 Total 2670 429 Tourist Transport Business Licenses (Up to Sep, 2017) Coach 1164 Boat/Motor Boat 1307 Hot Air Balloon 3 Yacht 16 Total 2490 Tour Guide Business Licenses (Up to Sep, 2017) Licensed Tour Guide 4266 Regional Guide 3348 Total 7614 Myanmar Hotels and Tourism Law Myanmar Hotel and Myanmar Tourism Law (New) Tourism Law (1993) • Undergoing reform • 2016 Myanmar Tourism Policies Commitments Myanmar Ecotourism Policy and Management Myanmar Tourism Responsible Tourism Policy on Community Strategy Policy Master Plan Involvement in • 2015 • 2012 Tourism • 2013 • 2012 POLICY AND PLAN DEVELOPMENT Policies Commitments Ecotourism Community Policy & Involvement in Management Tourism Strategy Responsible Master Plan Tourism Related Procedures and Orders Procedures relating to the Myanmar Tourism Law Order For Licensing of Hotel and Lodging-House Business (2011) Order For Licensing of Tour Operation Enterprise (2011) Order Relating to Licensing of Tour Guide Business (2011) Order Relating to Licensing to Tourist Transport Business (2011) Related Procedures and Orders Myanmar Investment Commission Notification No. 13/2017 (1st April 2017) In exercise of the power conferred under section 43 and sub- section 100 of the Myanmar Investment Law, the Myanmar Investment Commission has prescribed the investment promoted sectors with the approval of Union Government Classification of Promoted Sectors 1. Providing services by construction of hotels and resorts (ISIC 55102) 2. Transport services for tourists and sight-seeing (ISIC 5011) 3. Eco-tourism business (ISIC 50111) Foreign Investment of Permitted Enterprises as of (30/9/2017) (By MIC) ( US $ in million ) Permitted Enterprises Particulars Approved Sr . No. % No. Amount 1 Oil and Gas 154 22410.368 30.09% 2 Power 14 20711.446 27.81% 3FOREIGNManufacturing INVESTMENT OF PERMITTED811 ENTERPRISES9210.362 AS OF (31/8/2017)12.35% Transport & (BY SECTOR) 4 Communication 52 8578.127 11.52% 5 Real Estate 48 4816.508 6.47% 6 Hotel and Tourism 71 3004.448 4.03% 7 Mining 71 2897.606 3.89% 8 Livestock & Fisheries 44 574.175 0.77% 9 Agriculture 23 380.073 0.51% 10 Industrial Estate 4 208.444 0.28% 11 Construction 2 37.767 0.05% 12 Other Services 84 1658.008 2.23% Total 1378 74487.332 100.00% FOREIGN INVESTMENT OF EXISTING ENTERPRISES AS OF 30/9/2017( By MIC ) ( US $ in million ) Existing Enterprises Particulars Approved Sr . No. % No. Amount 1 Oil and Gas 96 21486.951 33.78% 2 Power 13 14681.446 23.08% 3 Transport & Communication 43 8401.897 13.21% 4 Manufacturing 713 7746.157 12.18% 5 Real Estate 34 3779.005 5.94% 6 Hotel and Tourism 53 2658.416 4.18% 7 Mining 10 2352.624 3.70% 8 Agriculture 20 351.392 0.55% 9 Livestock & Fisheries 26 314.763 0.49% 10 Industrial Estate 3 194.444 0.31% 11 Other Services 82 1641.383 2.58% Total 1093 63608.478 100.00% FOREIGN INVESTMENT IN HOTELS AND COMMERCIAL COMPLEX Foreign Investment in Hotels and Commercial Complex Permitted FDI Hotels by MoHT (Up to Sep, 2017) Sir. Projects Rooms Investment US$(m) Remarks 1. 32 6241 1749.9920 Completed 2. 11 2296 993.4454 Under Construction 3. 20 3657 1627.5280 MIC Permitted 63 12194 4370.9654 Total Foreign Investment In Hotels and Commercial Complex (Up to Sep,2017) Number of Investment Remark Sr. Country Project (USD in million) 1. Singapore 31 2719.8834 2. Thailand 12 486.1610 3. Vietnam 1 440.0000 4. Japan 6 394.3850 5. Hong Kong 5 187.7000 6. Korea 1 100.0000 7. Malaysia 3 23.1360 8. United Kingdom 3 14.5000 9. Luxembourg 1 5.2000 Total 63 4370.9654 Foreign Investment Hotels (Yangon) The Strand Hotel Governor’s Residence (Pansea) 26 Foreign Investment Hotels (Yangon) Summit Parkview Park Royal Yangon 27 Foreign Investment Hotels (Yangon) Chatrium Hotel Inya Lake Hotel 28 Foreign Investment Hotels (Yangon) Park Royal Sedona Meliá Yangon (HAGL ) Sule Shangri- la Foreign Investment Hotels (Mandalay) Sedona Hotel Mandalay Hill Resort 30 Foreign Investment Hotels (Bagan) Thiripyitsaya Sakura Hotel Procedures / Salient Points for FDI in Hotels and Related Businesses 100% foreign owned BOT System. Hotel Business can be done in JV with Government Organizations/ local citizens Land Lease Period: Initial (50)yrs + extendable (10) yrs x (2) times with MIC’s permission Construction Period: (2) to (3) yrs for phase 1 (2) to (3) phases Land Use Premium: Depends on Location and Area of Land Annual Land Lease Rental Fee: (5)% of Gross Income (or) Minimum Guarantee Payment whichever is higher. Procedures /salient points for FDI in Hotels and Related Businesses After having the agreement between the investor and government organization (or) private sector on the terms and conditions, the both sides have to draft B.O.T Contract and Lease Agreement. The draft BOT Contract- To be submitted to the Union Attorney General’s Office for legal advice. Need to submit proposal of the promoter to make foreign investment in Myanmar to MIC with the draft B.O.T Contract, Lease Agreement and other required documents. Procedures /salient points for FDI in Hotels and Related Businesses After having the Permission of Myanmar Investment Commission (MIC) , the BOT Contract and Lease Agreement shall be signed by the both parties. Apply for prior permission to establish Hotel Business from Ministry of Hotels and Tourism. Implement the construction of project. Obtain the license to operate the hotel business. Tourism Business ( Tour Operator and Travel Agency) Allow under the Joint Venture system 60% (Foreign)+40%(Local) if it is JV Require to make registration of foreign company incorporation at the Directorate of Investment and Company Administration(DICA). Require to obtain the license to operate the business from Directorate of Hotels and Tourism(DHT) Schedule of Specific Commitments under ASEAN Framework Agreement on Services (AFAS) • Hotel and Restaurant Services • Travel Agencies and Tour Operators Services • Recreational, Cultural and Sporting Services Service Liberalization of Myanmar • Promotion of further liberalization of ASEAN Services, Myanmar has already liberalized the tourism and travel related services apart from Tourist Guide Services (CPC 7472) Which is under Travel Agencies and Tour Operator Services up to 9th Package in order to integrate into the ASEAN Economic Community Service Liberalization of Myanmar No additional Sector or Sub – Sector that could be further liberalized for the 10th Package because it is difficult to agree with local tourist guide.
Load more

Recommended publications
  • Useful Information for Trips to Myanmar
    USEFUL INFORMATION FOR TRIPS TO MYANMAR www.exotravel.com/trade 1 AIRLINES (DOMESTIC) We use the following 9 domestic airlines: , Air Mandalay, Air KBZ, Asian Wings, FMI, Mann Yadanarpon, Golden Myanmar, Myanmar National, Apex, and Yangon Airways. All nine airlines fly French-Italian ATR turboprop planes (Avions de Transports Régionaux), a type of plane well suited for the local conditions, airports and distances. The configuration is either 40 seats (ATR-42) or 70-seats (ATR 72) in rows of 4 seats with a middle aisle. Entry-exit is at the back of the plane. Standard One-class configuration. AIRLINES (INTERNATIONAL) The following airlines currently fly into Myanmar: Thai Airways, Bangkok Airways, Air Asia, Nok Air, Myanmar Airways International, Malaysia Airlines, Silk Air/ Singapore Airline, Air China, China Eastern, China Airlines, Air India, China Southern Airlines, Qatar Airways, Vietnam Airlines, Emirates Airline, Tiger Air, Jet Star Airline, Thai Lion, Thai Smile, Viet Jet, Dragon Air, Hong Kong Express, Myanmar National Airline. ARRIVAL FORMALITIES Queue up at the immigration counters with a filled out arrival card and your passport with your visa stamped inside. If you are arriving with an e-visa, just hand your print out confirmation to the officer with your passport. After passing immigration, collect your luggage from the luggage belt and proceed to the customs counter. Hand over your filled-out customs form. Note that items of value and currency in excess of 10,000 USD are supposed to be declared and taken again on departure, but in practice things are made quite easy for tourists. CLOTHING Comfortable lightweight clothing in natural fabrics such as cotton is most suitable for traveling in Myanmar.
    [Show full text]
  • 2.2 Myanmar Aviation Myanmar Aviation
    2.2 Myanmar Aviation Myanmar Aviation Page 1 4.5 Myanmar Airport Company Contact List Key airport information may also be found at: World Aero Data information on Myanmar Overview This logistics capacity assessment does not include review of military airports. Myanmar has three international airports: Yangon, Mandalay and Naypyitaw, of which Yangon has most handling capacity for passengers and cargo. Mandalay and Naypyitaw airport normally don’t handle cargo (except luggage) and have few international flights. There is a limited number of helicopter companies available, who mainly operate for the natural gas and oil industry and avoid to fly cargo at high altitudes in the mountains. Obtaining permission, registration and certification for foreign registered aircraft to operate inside Myanmar for emergencies can be a lengthy and complicated process. Airports assessed for this LCA include the following Location Region Type Status Yangon Yangon International Operational Mandalay Mandalay International Operational Naypyitaw Naypyitaw International Operational Mawlamyine Mon state Domestic 1x/Week use Dawei Tanintharyi Domestic Operational KawThaung Tanintharyi Domestic Operational Myeik Tanintharyi Domestic Operational Nyaung-U Mandalay Domestic Operational Pyay Bago Domestic Not in use Magway Magway Domestic Not in use Pakokku Magway Domestic Not in use Mandalay Chanmyathazi Mandalay Domestic 2x/Week use Kale Sagaing Domestic Operational Monywa Sagaing Domestic Operational Loikaw Kayah State Domestic Operational Heho Shan State Domestic Operational
    [Show full text]
  • Business Conglomerates in the Context of Myanmar's Economic
    Chapter 6 Business Conglomerates in the Context of Myanmar’s Economic Reform Aung Min and Toshihiro Kudo Abstract The purpose of this paper is to identify the role of conglomerates in the context of Myanmar’s economic reform process. The paper addresses the research question of the role of business conglomerates and the Myanmar economy, such as are they growth engines or just political cronies? We select some of the top conglomerates in Myanmar and assess their profile, performance, and strategies and examine the sources of growth and limitations for future growth and prospects. The top groups chosen for this paper are Htoo, Kanbawza, Max, Asia World, IGE, Shwe Taung, Serge Pun Associates (SPA)/First Myanmar Investment Group of Companies (FMI), Loi Hein, IBTC, Myanmar Economic Corporation (MEC), and Union of Myanmar Economic Holdings Ltd. (UMEHL). There are other local conglomerates that this paper does not address and they include Shwe Than Lwin Group, Eden Group, Capital and Dagon International etc., which are suggested for further research about Myanmar’s conglomerates in the future. Sources of growth and key success factors of the top business groups are their connection with government, contact with foreign partners, and their competency in the past and present. In the context of the economic reform, previously favored business people appear to recognize that the risks of challenging economic reform could outweigh the likely benefits. In addition, some of the founders and top management of the conglomerates are still subject to US sanctions. Market openness, media monitoring, competition by local and foreign players, sanctions, and the changing trends of policy and the economy limit the growth of conglomerates.
    [Show full text]
  • San Linn (EMPA
    YANGON UNIVERSITY OF ECONOMICS MASTER OF PUBLIC ADMINISTRATION PROGRAMME ANALYSIS ON IMPROVEMENT OF AIRPORT SERVICE AFTER LIBERALIZATION IN AVIATION INDUSTRY OF MYANMAR (Case Study: Customer Perspective at Yangon International Airport) SAN LINN EMPA - 52 (16th Batch) JUNE, 2019 YANGON UNIVERSITY OF ECONOMICS MASTER OF PUBLIC ADMINISTRATION PROGRAMME ANALYSIS ON IMPROVEMENT OF AIRPORT SERVICE AFTER LIBERALIZATION IN AVIATION INDUSTRY OF MYANMAR (Case Study: Customer Perspective at Yangon International Airport) A thesis submitted in partial fulfillment of the requirements for the Master of Public Administration (MPA) Degree Supervised by Submitted by Dr. Pwint Phyu Aung San Linn Lecturer Roll Number- 52 Department of Applied Economics EMPA 16thBatch Yangon University of Economics (2017 – 2019) JUNE, 2019 YANGON UNIVERSITY OF ECONOMICS MASTER OF PUBLIC ADMINISTRATION PROGRAMME This is to certify that this thesis entitled “ANALYSIS ON IMPROVEMENT OF AIRPORT SERVICE AFTER LIBERALIZATION IN AVIATION INDUSTRY OF MYANMAR (Case Study: Customer Perspective at Yangon International Airport)” submitted as a partial fulfillment in the requirements for the degree of Master of Public Administration (MPA) has been accepted by the Board of Examiners. BOARD OF EXAMINERS 1. Professor Dr. Tin Win Rector Yangon University of Economics (Chief Examiner) 2. Professor Dr. Ni Lar Myint Htoo Pro-Rector Yangon University of Economics (Examiner) 3. Professor Dr. Kyaw Min Htun Pro-Rector (Retd.) Yangon University of Economics (Examiner) 4. Professor Dr. Phyu Phyu Ei Programme Director and Head of Department Department of Applied Economics Yangon University of Economics (Examiner) 5. Dr. Zin Zin Naing Associate Professor Department of Applied Economics Yangon University of Economics (Examiner) JUNE, 2019 ABSTRACT Transportation has vitally important role for the economic development and regarding important development in the liberalization of air transport services was the emergence and subsequent expansion of bilateral agreements.
    [Show full text]
  • RASG-PA ESC/29 — WP/04 14/11/17 Twenty
    RASG‐PA ESC/29 — WP/04 14/11/17 Twenty ‐ Ninth Regional Aviation Safety Group — Pan America Executive Steering Committee Meeting (RASG‐PA ESC/29) ICAO NACC Regional Office, Mexico City, Mexico, 29‐30 November 2017 Agenda Item 3: Items/Briefings of interest to the RASG‐PA ESC PROPOSAL TO AMEND ICAO FLIGHT DATA ANALYSIS PROGRAMME (FDAP) RECOMMENDATION AND STANDARD TO EXPAND AEROPLANES´ WEIGHT THRESHOLD (Presented by Flight Safety Foundation and supported by Airbus, ATR, Embraer, IATA, Brazil ANAC, ICAO SAM Office, and SRVSOP) EXECUTIVE SUMMARY The Flight Data Analysis Program (FDAP) working group comprised by representatives of Airbus, ATR, Embraer, IATA, Brazil ANAC, ICAO SAM Office, and SRVSOP, is in the process of preparing a proposal to expand the number of functional flight data analysis programs. It is anticipated that a greater number of Flight Data Analysis Programs will lead to significantly greater safety levels through analysis of critical event sets and incidents. Action: The FDAP working group is requesting support for greater implementation of FDAP/FDMP throughout the Pan American Regions and consideration of new ICAO standards through the actions outlined in Section 4 of this working paper. Strategic Safety Objectives: References: Annex 6 ‐ Operation of Aircraft, Part 1 sections as mentioned in this working paper RASG‐PA ESC/28 ‐ WP/09 presented at the ICAO SAM Regional Office, 4 to 5 May 2017. 1. Introduction 1.1 Flight Data Recorders have long been used as one of the most important tools for accident investigations such that the term “black box” and its recovery is well known beyond the aviation industry.
    [Show full text]
  • 2.2.16 Myanmar Heho Airport
    2.2.16 Myanmar Heho Airport The airport is located 3.7 Km North West of Heho town. Condition of the runway is good and it runs from South to North. The airport is busy all year round. There are nine airlines; Myanmar National Airlines, Air KBZ, Asia Wings, Yangon airway, Apex Airline, Mann Yadanarpon airlines, Golden Myanmar Airlines, FMI Air and Yangon Airways operates in the Heho airport. There are no international airlines except tour charter and ambulance. There are regular flights, everyday, 32 to 38 times per day in high season (October to February). The routes of the flight runs from Heho to Yangon, Mandalay, Lashio, Kengtung, Tarchileik, Monghsat and Bangan. There is no designated helipad in place. However, it can be arranged on apron for VIP flight. No cargo handling equipment facilities in this airport as it is mainly used for tourism. The largest plane that can be handled are medium-sized 100-seat planes such as EMB-190 / B-717. The run way is made of asphalt concrete and strength (PCN) is approximately 68 Metric ton. Airfield Details Country Myanmar Latitude 20°44'49.36"N Province / District Shan State/ Taunggyi Longitude 96°47' 31.28"E Airfield Name Heho Elevation (ft) 1199.1m / 3933ft IATA & ICAO codes HEH / VYHH Surface Asphalt /concrete 68,039 Kg Town or City (closest) Taunggyi 33.1km Runway Condition Good NGO / UN (on ground) No Passenger / Cargo Security Yes Screening (Yes / No) Runway Dimension 2591 (m) x 45 (m) Ground Handling (Yes / No) Yes, luggage trolleys manual only Refuelling Capacity National Energy Puma Aviation Service (a Joint Venture company of MPPE).
    [Show full text]
  • Myanmar Aviation Sector
    Myanmar Aviation Sector- Market Snapshot Myanmar Headlines Myanmar has 69 airports: three international, 30 domestic airports, and 36 dormant.1 Three international airports have now been built, though there are 66 remaining airports require further upgrades across the country. The aviation market in Myanmar is competitive, especially among local airlines. There are currently 11 local licensed airlines in Myanmar and 28 international airlines operating in Myanmar. Flag-carrier Myanmar National Airlines – which rebranded from Myanma Airways in 2014 – has the largest domestic fleet with 13 planes, followed by Air KBZ with eight aircraft as of April 2014.2 The eight other domestic carriers including Air Mandalay, Yangon Airways and Mann Yadanarbon have a total of 16 aircraft. International airlines such as Emirates, Qatar, Dragon air, Air China and KLM were launched flights to Myanmar in late 2016. According to the Myanmar Department of Civil Aviation (DCA), the number of passengers in 2013 increased to 4.2 million from 3.6 million in 2012. By 2030, that number is expected to rise to 30 million. Air flight traffic remains small at only 3,289 fright ton-miles in 2014-15. It is expected to grow significantly when infrastructure develops.3 Market Situation Myanmar Department of Civil Aviation (DCA) has a strategic plan to further expand the aviation sector with four objectives: pursue the liberalisation of economic regulations in the aviation sector strengthen air linkages promote airline businesses improve infrastructure The opportunities for all types of carriers in the market are vast as it is currently the most underserved region in ASEAN and perhaps all of Asia.
    [Show full text]
  • Government's Policy Trade and Investment
    Weekly Business News 1‐14 November 2013 Government’s Policy 1/ Myanmar to draft national energy plan Myanmar Business Today, 31 October-6 November 2013 Myanmar Government has begun drafting a national energy policy to meet the international norms and standards. The drafting is in cooperation with development partnership organizations as well as experts in this field. Trade and Investment 2/ MPT invites Tenders for Nationwide WiFi services Myanmar Business Today, 31 October-6 November 2013 The state-run Myanmar Post and Telecommunications (MPT) has invited local and overseas companies to implement broadband wireless (WiFi) service in Myanmar. Interested companies are to be submit the relevant documents to MPT by 30 November 2013. 3/ China­Myanmar gas pipeline becomes fully operational Myanmar Business Today, 31 October-6 November 2013 China-Myanmar gas pipeline has gone into full operation after its completed the section connecting the cities of Lufeng and Guigenc in southwest China. The pipeline send 12 billion cbm of natural gas annually to southwest China, which will reduce China’s coal consumption by 30.72 million tonnes per year. 4/ Yoma to run Volkswagen’s first service centre in Myanmar Myanmar Business Today, 31 October-6 November 2013 Singapore-based Yoma Strategic Holdings’ 70-percent-held subsidiary German Car Industries Company (GCI) has enter into a service partner agreement with German automaker Volkswagen AG (VW) to operate VW’s first service centre in Yangon. 5/ Foreign investment in Myanmar increases: DICA http://elevenmyanmar.com/business/4035-foreign-investment-in-myanmar-increases-dica Foreign investment in Myanmar has exceeded 43 billion USD, as nine countries including Britain and France have made mew investments in the past month.
    [Show full text]
  • APRIL 2014 Contents the Golden Flight - Air Mandalay Inflight Magazine | April 2014 30
    APRIL 2014 contents The Golden Flight - Air Mandalay Inflight Magazine | April 2014 30 46 management Chief Executive Officer Gary Villiard editorial Editor Thomas Kean Advertising Thinn Sanda Su Hlaing Cho Tun 24 Ei Mon Htin Publishing License Than Thar Htoo Photographers Thomas Kean, Sophia Hyden, Bosco, Aung Htay Hlaing Features Design & Layout Prodigy 12 At the heart of Team Air Mandalay 36 Printing Shwe Zin Printing 16 Thingyan: Washing away the old (0368) 24 Mrauk Oo: The royal capital of Distribution Regulars Air Mandalay Rakhine 60 Destinations 30 A magical moment All rights reserved. No part of this publication may be reproduced or transmitted in any form 66 Offices by any means including electronic or mechanical, Sunset from the temples of Bagan including photocopying, recording or otherwise, 36 Thingaha Ngapali: A new level in luxury 67 Route map without the prior written consent of the publisher. 68 Travel tips 42 Getting to La Source AIR MANDALAY LIMITED 71 Passenger sales agents No. 34, Shwe Taung Gone Avenue, 46 Savour the flavour: Shan Traditional Food Bahan Township, Yangon, Myanmar. 74 Useful numbers Tel: +95-1 525 488, 501 520 54 Your horoscope Fax: +95-1 525 937 16 E-mail: [email protected] Website: www.airmandalay.com A MESSAGE FROM OUR NEW CEO I would like to be the first of the Air Mandalay management to welcome you on board our domestic air service and also to tell you a little bit about our future plans. As you may already know, Air Mandalay Ltd – at the ripe old age of 20 – is the oldest domestic private airline in Myanmar, with a staff of more than 300.
    [Show full text]
  • Treasures of Myanmar
    E-Travel Myanmar Co.,Ltd Add: No. 2,#006, Ground Floor, Kyitaw Housing, Mingalar Taung Nyunt Township, Yangon Tel/fax: 95 1 295144; Mobile: (95-9) 5092552 Treasures of Myanmar Yangon - Golden Rock - Bagan - Mt Popa - Mandalay – Sagain – Mingun - Kalaw - Pindaya - Inle Lake - Yangon ****** Itinerary Overview Day Destinations/Activities Meals Day 1 Yangon Arrival - Day 2 Yangon – Bago – Golden Rock B Day 3 Golden Rock – Yangon B Day 4 Yangon – Bagan Sightseeing B Day 5 Bagan – Mt Popa – Mandalay B Day 6 Mandalay – Mingum – City Tour – Mandalay B Day 7 Mandalay – Sagain – Mandalay B Day 8 Mandalay – Heho – Kalaw B Day 9 Kalaw – Pindaya – Nyaung Shwe – Inle B Day 10 Inle – Indein – Inle Lake B Day 11 Inle - Yangon B Day 12 Yangon departure B Note*: B: Breakfast Detailed Itinerary Day 1 Yangon arrival Arrive in Yangon where you will be welcomed by your local tour guide and transferred to your E-Travel Myanmar Co.,Ltd Add: No. 2,#006, Ground Floor, Kyitaw Housing, Mingalar Taung Nyunt Township, Yangon Tel/fax: 95 1 295144; Mobile: (95-9) 5092552 hotel to drop off you luggage. In the afternoon, a walk through "downtown" Yangon, a diverse mix of faded colonial architecture from the British times, and high-rises built by more recent investors; Sule Pagoda, built in the early 3rd century is a landmark in the city centre. Late afternoon visit the magnificent Shwedagon Pagoda of Rudyard Kipling fame and one of Myanmar's most sacred places. The massive bell shaped stupa is plated with gold and the tip of the stupa is set with diamonds and rubies, sapphires and topaz - a stunning sight as the sun sets and a most fitting place to begin our trip in this "Golden Land".
    [Show full text]
  • Myanmar Hotel & Tourism Review 2012
    MMRD BUSINESS INSIGHT MYANMAR HOTEL & TOURISM REVIEW 2012 ● ● ● T J Tan [Pick the date] Page | 2 Contents Country Facts ● ● ● .......................................................................................................................... 5 Executive Summary ● ● ● ................................................................................................................ 6 Overview ● ● ● ................................................................................................................................ 7 Infrastructure ............................................................................................................................... 7 There has been much progress in infrastructure development particularly in the past 2 years. This would include: ....................................................................................................................... 7 Banking, Payment & Foreign Exchange ........................................................................................ 8 Investments .................................................................................................................................. 8 Tax .............................................................................................................................................. 11 Communications ......................................................................................................................... 11 Tourism Sector ● ● ● ....................................................................................................................
    [Show full text]
  • Air Mandalay Destinations
    Air Mandalay Destinations Yangon The commercial centre of Myanmar, Yangon still maintains its colonial charm and features wide, tree-lined avenues, tranquil lakes and gracious turn-of-the- century architecture. The magnificent Shwedagon Pagoda dominates the city skyline, while at street-level Yangon is a paradise for those wanting to hunt out exotic arts and crafts. Of particular interest are the many shops in Bogyoke Market and its many jewellery stores are famous for their rubies, sapphires and jade. At night, the Chinatown district comes alive with its street bazaars and night stalls selling snacks and fresh food. See and Do: * Wander around Shwedagon Pagoda, the 99-metre- tall (330 foot) stupa that glows golden at night * Shop in Bogyoke Market, the city’s premier outlet for precious gems and jewellery Mandalay Immortalised by Rudyard Kipling, Mandalay was established in 1857 in accordance with an ancient Buddhist prophecy. It was the final capital of Myanmar’s Konbaung Dynasty before the country was annexed by the British. The city takes its name from Mandalay Hill and is centred around the walls and moat of the old palace, which was destroyed in the fighting of World War II but was rebuilt in the 1990s. Mandalay is considered a centre of Buddhism in Myanmar and is also home to many of the country’s craft industries. See and Do: * Walk up Mandalay Hill, where more than 2000 years ago the Buddha reputedly prophesied the establishment of the modern city * Cross the Ayeyarwady River to Mingun, home to a giant unfinished pagoda Bagan One of the most remarkable archaeological sights in Asia – if not the world – the magic of Bagan has brought visitors to Myanmar for nearly 1000 years.
    [Show full text]