Monthly Archives: July 2017

Yangon Stock Exchange Expo slated for September in Yangon

Photo: GNLM/Phoe Khwar Visitors look at the electronic board showing the stock exchange rate at Yangon Stock Exchange on 15 May 2017.

The Yangon Stock Exchange Expo is scheduled to be held at the Park Royal Hotel in Yangon on 10 September, according to a report of yesterday’s edition of City News.
The expo will explore the benefits of stockholding to the public and promote investment in listed companies.
Four companies currently trade on YSX and will be featured at the expo.
The expo will also include panels of economic and legal experts, lucky draw events and quiz programs.
On 27 July, a total of 7,984 shares with estimated worth of Ks46 million were traded by four companies, First Myanmar Investment (FMI), Myanmar Thilawa SEZ Holdings (MTSH), Myanmar Citizens Bank (MCB) and First Private Bank (FPB).
Closing stock prices were Ks15,500 for FMI, Ks3,900 for MTSH, Ks9,000 for MCB and Ks25,000 for FPB.

Source : Global New Light of Myanmar

Passenger ship Kissapanadi 2 arrives in Rakhine State

The Kissapanadi 2 vessel being unloaded in Kyaukpyu on July 25. Photo – Saw Moe Kyaw

The Kissapanadi 2, the second passenger ship of the three vessels donated by Japan, arrived in Kyaukpyu on July 25 and it will be used for coastal transport along the Rakhine coast.

Japanese experts will provide one week training for local staff and after the training the vessel will be piloted from Kyaukpyu to Sittwe port, said U Aung Kyaw Zan, Minister for Electricity, Industry, and Transportation.

“With the first one [Kissapanadi 1], we can only operate it for two days per week along the coast. But now, I believe we can operate daily. We are planning so that the price is affordable for the passengers,” he added.

The passenger ship is being planned to start operations in mid-August and a meeting will be held to decide ticket price and the routes. The ship can ferry 81 passengers.

Out of the three ships donated by Japan, two ships have arrived and the third unit is being constructed in Myanmar, and it would be operational in about two years, U Aung Kyaw Zan said.

Kissapanadi-1, the first ship that arrived on March 13 and has a capacity of 145 passengers, is plying from Sittwe to Taung Gote, he said.

Source : Global New Light of Myanmar


Ministry to boost ecotourism this fiscal year

The Ministry of Hotels and Tourism will focus on ecotourism, community-based and marine tourism in fiscal year 2017-18 to boost the industry, U Myint Htwe, director of the ministry, told a news conference in Yangon on July 24.
“We still have lots of forests that need to be beneficially used. We plan to implement ecotourism camps in the 125 miles of forests along the Yagon-Pyay and Yangon-Mandalay highways,” he said.
There are 21 ecotourism sites in the country developed by the Ministry of Resource and Environmental Conservation, and a new site in the Bago Yoma mountains will be opened soon by a private company, he said.
The site has been surveyed by the two ministries and will have many activities, such as bird watching, bicycle trekking in the jungle and riding elephants in the forest.
“The eco-resort operated by the Phyo Sithu Company in Bago Yoma will be an ecotourism camp for local and foreign travellers,” U Myit Htwe said.
“These kinds of businesses directly impact the incomes of local people. That is why we will try to develop ecotourism sites this fiscal year,” he said.
U Myit Htwe’s ministry implemented community-based tourism as a major 100-day project after the civilian government took power in 2016.
“We implemented 13 CBT projects, and one is being negotiated with the Developer Company,” U Hla Myint, director (Promotions Department) of Ministry of Hotels and Tourism said at the press conference.
But before it carries out ecotourism projects, the ministry should analyse the outcome of previous projects to see how they impacted the local community as well as whether tourists were interested in these sites, said U Thet Lwin Toh, chair of the Union of Myanmar Travel Association.
“Tourism is key to growing the country’s economy. So they should carefully prepare a plan to improve the tourism industry. If not, it will go on as usual,” he said.

Source : Myanmar Times 

New ferry contract for Monywa-Homalin route

An independent operator has contracted with the Chindwin branch of the Inland Water Transport authority under the Ministry of Transport and Communications to operate a water ferry on the Monywa-Homalin route every Monday, according to a recent ministry press release.

The new service began on 22 June.

The ferry leaves Monywa at 6 am Monday and arrives at Homalin on Wednesday evening. The vessel makes the return trip from Homalin at 6 am on Friday and arrives at Monywa at 7 am on Saturday.

Townships along the route include Mingin, Kalewa, Mawlaik, Phaungpyin and Thaunghtun.

The government provided the contract because no other private operators were serving the route.

The ferry vessel is being provided by the Inland Water Transport authority.

Source : Global New Light of Myanmar 

Indonesia wants direct Jakarta-Yangon air links

Pupung Thariq Fadhillah addresses the tourism tabletop event in Yangon, July 14. Aung Khant / The Myanmar Times

Indonesian government is requesting Myanmar to allow direct flights connecting Jakarta and Yangon to spur tourism and business activities between both nations.

Dr Ito Sumardi, Indonesian ambassador in Yangon told The Myanmar Times on July 14 that in 2015, the Myanmar Airlines International (MAI) and Indonesia’s state-owned Garuda Airlines signed a deal but it did not materalise.

“Unfortunately Myanmar was not ready to allow direct flights from Indonesia to Myanmar at that time. I am still trying hard to request Myanmar, if possible we can arrange flights from Indonesia to Yangon because in my country, many people want to visit Myanmar,” Sumardi said.

The agreement could not be implemented as they cancelled the flights, he said. “But I believe may be very soon Myanmar government will give the opportunity for the Indonesian flights to fly to Myanmar.”

The agreement for code sharing to Jakarta (transit at Singapore) and three other destinations in Australia by cooperation with Garuda Airlines was signed in 2014 November, said Daw Aye Mra Tha, assistant general manager of MAI.

Sumardi said the economic landscape of Myanmar is changing after the international sanctions were lifted last year and the country offers vast potential for foreign investors, and likewise emerging Indonesia is also an interesting economy for investors to explore.

“Our embassy is making efforts to bring Indonesian business delegation to see opportunities for investment here (Myanmar). May be soon one of the organisations from Indonesia will try to promote tourism business,” he said.

The number of Myanmar tourist visiting Indonesia is also on the rise. Pupung Thariq Fadhillah, deputy director of Indonesia’s Ministry of Tourism told The Myanmar Times that about 25,000 Myanmar travellers visited Indonesia in 2015.

For the first time, Indonesia’s Ministry of Tourism flew in about 10 operators for a tourism tabletop event, to promote tourism activities between both countries.

“Actually this is a brief event for tourism promotion, we will do step by step in the long-term. By doing this activity we can get business contacts and partners from both countries,” Fadhillah said.

Indonesia plans to host a similar event in September in Myanmar.

“It very important to connect the two countries but there is no direct flights and travellers need to transit in Bangkok, Singapore or Malaysia. I hope the flight frequency will be increased by year,” he said.

Currently Jetstar Airlines is flying to six destinations in Indonesia from Yangon, with a transit in Singapore – 60 times a week to Jakarta and 40 times per-week to Bali from Yangon International Airport, said U Pye Soe Tun, sales manager of Jetstar Myanmar.

“The future of tourism is very good because I see so many interesting things here, and we can sell these tour packages to Indonesian people. This event will encourage more people to travel to Indonesia and some are already visiting Indonesia,” a tour operator from Indonesia, Robbie Arisutantyo, managing director of Electra Tour and Travel told The Myanmar Times.

According to Indonesia’s Ministry of Tourism, they received more than 12 million international tourists in 2016, four times more than arrivals in Myanmar.

Indonesia is targetting to woo 15 million tourists this year.

Source : Myanmar Times

Over 200 hotel rooms to be added in Myeik Archipelago for coming high season

MORE THAN 200 hotel rooms will be added in the Myeik Archipelago in the coming high season starting in October and November, said U Hlwan Moe, in charge of the Kawthaung District Directorate of Hotels and Tourism under the Ministry of Hotels and Tourism.
U Hlwan Moe said that nine local and foreign companies have received permission from the Myanmar Investment Commission (MIC) to construct hotels on 12 islands in the Myeik Archipelago. New hotels will emerge on Nyaung Oo Phee Island, Wa Ale Island, Hlainggu Island, Ngakhinnyogyi Island, 115 Island, Phoni Island, Balar Island and Thahtay Island before this high season.
There are more than 800 islands in the region, of which about 140 islands are popular among visitors as well as investors.
U Hlwan Moe added that the region has had accommodation problems due to insufficient numbers of hotel rooms as visitor arrivals in Myeik increase year on year. The problem is expected to be solved after finishing the new projects this year.
He continued to say that the telecommunication barrier is one of main challenges the travellers face in the region.
“For the time being, the arrival of visitors to the region has decreased this monsoon because of weather conditions. The number of visitors from home and abroad obviously has increased within the past two or three years, especially on Thingyan holidays, Christmas Day, New Year and other significant days.
Thanks to a quick registration process, day trippers can easily visit the island after reporting their trip to the respective department. This is one of reasons why traveller arrivals are increasing in the region. Before October 2010, day trippers could visit the area only after gaining permission from the authorities.
With the current government, several tourism improvement programmes are being developed by a committee founded by the Union government in partnership with regional authorities to transform the region as a new tourism destination, said U Ohn Myint, deputy director-general of the Ministry of Hotels and Tourism.
“Plans are underway to explore Myeik Archipelago as a new tourism site. The projects are being implemented in collaboration with Taninthayi Region Development Committee. It will take a long time to develop the schemes in the islands, with plans to allow only one kind of business in each island to protect the natural environment,” said U Ohn Myint.
U Hsan Myint, deputy director-general of Myanmar Investment Commission, said; “The MIC directly monitors all permitted enterprises within the country, making field trips to project areas in partnership with relevant government departments. A business cannot gett permission from the MIC only. It needs to apply for licenses at the respective ministries which are responsible for scrutinising the project proposals.
“Action will be taken against those businesspersons who failed to abide by the existing rules and regulations.”
According to U Hlwan Moe, the majority of visitors are currently from Thailand. According to official statistics, around 300,000 foreigners visited the region last year, including 250,000 Thai citizens. Over the first five months of this year, the number of foreign visitors in the region reached around 160,000, comprised of some Americans and those from western states.
Holidaymakers to the Myiek Archipelago are very interested in eco-tourism, officials said. Hiking, bird watching, diving, trekking and snorkeling are some of the popular tours. Many of the travellers visit the region regularly. Some foreigners stay in the region for as long as 28 days. They also enjoy four or five-day sightseeing trips on luxury motor boats.
To protect the natural environment of the region, the ministry has issued dos and don’ts for visitors, including good waste management and safety plans, U Hlwan Moe explained, adding that visitors are required to use local guides for sea trips. Visitors are been banned from touching natural coral reefs and taking the shells of sea snails.

May Thet Hnin

Source : Global New Light of Myanmar 


Uber appoints leader to its Myanmar office

Daw Ei Phyu Lwin, Uber General Manager. Photo: Supplied
Uber has appointed Daw Ei Phyu Lwin as General Manager of its local operations, marking another major milestone in Myanmar on 3 July.

The appointment comes nearly two months after it launched in May and reaffirms its commitment to create better earning opportunities for driver partners and safer, more convenient mobility for riders.

Ei Phyu Lwin said that “Having left Myanmar as a child, I am thrilled to return to my home country and now be leading the team to make Myanmar Uber’s latest success story.

I can already see the positive impact we are having on drivers’ lives, and it’s a privilege to be a part of this.”

Ei Phyu Lwin holds a Bachelor’s degree in Business from the University of Technology Sydney, and a Masters in Finance from INSEAD.

Source : Global New Light of Myanmar 

New wildlife sanctuary to emerge in forest reserve

TWO existing land parcels – a 47,353 Mon State forest preserve, and 100,000 of land in Kayin State in the custody of the Ministry of Natural Resources and Environmental Conservation–will merge to create a massive new forest reserve along the border of the two regions according to a report in Myawady Daily on Sunday.

A preliminary plan for Saytaung Wildlife Sanctuary is being reviewed by a joint committee comprised of forestry officials from the two states.

The intention is to protect the forest for the sake of eco-tourism and wildlife conservation and study.

The land deal is being prepared according to Section 8 of the Protection of Wildlife and Conservation of Natural Areas Law.—GNLM

Global New Light of Myanmar 

Myanmar prepares to seek UNESCO World Heritage Designation for Shwedagon Pagoda


Myanmar’s national landmark Shwedagon Pagoda in Yangon. Photo: Pho Khwar

The Ministry of Religious Affairs and Culture is preparing to propose that Shwedagon Pagoda be designated a UNESCO World Heritage Site in 2020, according to a report in the City News Daily yesterday.
An estimated 300,000 tourists visited Shwedagon Pagoda during the past five months of 2017, according to official statistics from the Shwedagon Pagoda board of trustees.
“The number of tourists who have visited Shwedagon Pagoda has increased this fiscal year, compared to previous years,” said an official from the Shwedagon Pagoda board of trustees. “If we can put the pagoda on the list of World heritage, the number of tourist will increase.”
There were 78,054 tourists in January, 77,062 tourists in February, 64,005 tourists in March, 40,789 tourists in April and 36,674 tourists in May.
Thai tourists were the most numerous, followed by Chinese visitors.
The number of tourists to Myanmar has increased by 30,000 visitors during the first five months in 2017 compared to the same period of last year.

City News

Source : Global New Light of Myanmar