Japan, Thailand and South Korea interested in Myanmar retail sector
Myanmar's retail sector has garnered significant interest from retailers in Japan, Thailand and South Korea, following the nation's allowance of 100% foreign-ownership in retail, and talks with the Ministry of Commerce.
Myanmar allows 100% foreign ownership in retail sector
Newly amended regulations issued by the Ministry of Commerce have opened Myanmar's retail and wholesale sector to allow foreigners 100% ownership in retail operations.
Myanmar grants Visa-free entry to Japan and South Korea
Japanese and South Korean tourists will be granted visa-free entry into Myanmar in a move to attract more visitors, however, tourists from China, Hong Kong and Macau will still have to pay USD50 to receive visas on arrival.
Outward-oriented reform positions Myanmar as an FDI destination
After assuming power in 2016, the NLD opened Myanmar up to the rest of the world in an effort to attract investment, but it seems the nations' ability to engage Western interest has fallen by the wayside.
New Minister for Planning and Finance appointed in Myanmar
Colliers International believe Myanmar is taking a disciplined approach toward improving governance and accountability to ensure future economic prosperity.
Ngapali hotel market buoyed by resort regulars despite decreasing occupancy rates - Colliers International
Ngapali Hotel & Resort Annual Market 2017 Report advises hoteliers in Ngapali to introduce modern comforts, excursion programs, and upgraded amenities and services to attract tourists and facilitate marketability.