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January, 2016

The Economist magazine has given Myanmar its Award for Country of the Year – ‘most favored nation’.
Daewoo Amara Hotel - A new luxury hotel and residence project aims to be the countries’ largest once it is completed in late 2016. Located near Inya Lake in Yangon and including a 15-story luxury hotel and 29 story residential high-rise, it is developed by a consortium of Daewoo International, POSCO Engineering & Construction, and the Korean luxury chain Lotte Hotels and Resorts which will operate the properties once finished. There will be 346 hotel rooms and 315 serviced residences.
The Strand Hotel – The historic Strand hotel has announced that they will close the hotel from May 1st until early November. This closure is for the first full renovation since 1993 and in addition will include a complete makeover of the adjacent Strand Annex.  The Annex will have a swimming pool and 40 additional rooms (designed for slightly lower category than Strand hotel main rooms). A luxury Spa will also be added. The swimming pool and additional rooms are expected to be ready in 2017.

Hilton Ngapali - The prestigious Hilton hotel chain has opened a resort on Myanmar’s popular Ngapali beach. The luxurious hotel has many amenities including a contemporary spa, a complimentary fitness center, a beautiful infinity swimming pool with three whirlpools and a separate children’s area, and a variety of resort activities. It is located just two minutes from Thandwe Airport and is only a 15-minute drive from the town of Thandwe. There are 51 guest rooms, suites and pool villas.
Myanmar National Airlines  - on 4 December began a new international service from Yangon (RGN) to Hong Kong (HKG). The 1,952-kilometre route will be operated four times weekly by the carrier with its 737-800s. The route is already served by Dragonair with daily flights. Hong Kong thus becomes the airline’s second international destination after Singapore which was launched in August.
Balloon Flights regulations - The Department of Archaeology and National Museum under the Ministry of Culture have tightened the rules on balloon flights at Bagan amid fears that the pagodas could be damaged if a low flying balloon were blown off-course.  However, no accident has ever been recorded that involves a balloon colliding with a stupa. New regulations require that balloons to fly between the altitudes of 90 metres (300 feet) and 600m (2000ft), and land well away from the ancient buildings. These rules are not expected to  impact the passengers usual enjoyment of the flights.
USD in Myanmar - Recent news that the government would revoke forex licenses and force businesses to operate only in kyat (at least locally) has been modified as regards to tourism. According to local hotels, they can continue to accept USD (and Euro) as before.

No.5, Nawaday Street,#601, Grand Nawaday Condominium,
Dagon Township, Yangon, Myanmar
Tel: + 95 1 378714-19