Myanmar targets 3 million tourists by 2015

1 May, 2013
Economy
Myanmar is targeting to triple its tourist arrivals to 3 million by 2015. Minister for Hotels and Tourism U Htay Aung met with Norwegian Ambassador to Myanmar Katja Nordgarrd in Naypyidaw on Tuesday where they discussed details of the Tourism Master Plan which Myanmar is constructing with help from the Norwegian government and Asia Development Bank. The master plan will be presented at the World Economic Forum (East Asia) scheduled in June.

Ford joins rush of American companies to Myanmar

30 April, 2013
Business and Investment
Ford announced 29 April it will expand its operations into Myanmar, becoming the first major auto-maker in the former pariah state. Ford said it will import cars to Myanmar from plants in North America and Thailand. Ford is partnering on the project with Capital Automotive, a subsidiary of Capital Diamond Star Group. Japan-based Suzuki is also operating in the country, and the auto-maker is hoping to open a manufacturing facility.